- Nairobi picked host city for Africa Youth Tourism Summit 2025-2027
- Real estate players to converge in Dubai for sustainability-focused expo
- Mystery of Kenya’s rising debt obligations and never reducing loan
- IMF, World Bank, and WHO alliance readies response for the next global health crisis
- Innovate UK and SITA join forces to tackle African airport emissions
- EU cracks down on Kenya’s rose exports over pest interceptions
- Nigeria’s trade activity dips in September as rising inflationary pressure bites
- South Sudan Economy Contracts 6 per cent From Low Oil Revenue and Floods
Browsing: COP27
The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) represents an important international forum for countries to discuss and address global climate change issues. However, these conferences have tended to be high-level and process-based, and COP 27 was no exception. – negotiations took place, and some of the highlights included the historic establishment of the loss and damage fund, which was seen as setting a precedent for climate justice.
However, agreements on other matters, such as phasing out fossil fuels and setting emission peak periods, were not achieved. For African countries, COP 28 marks an important pivot point around funding, just transition, and the Nairobi Declaration. There will be a push for realisations on commitments made and innovative funding mechanisms to drive accelerated climate action now and beyond.…
Global climate negotiators have reached a framework for climate financing to deal with loss and damage in the run-up to the COP28 in Dubai.…
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Therefore, carbon trading—producing and selling carbon offsets is becoming a new, lucrative, and transformative business in Tanzania. At least 20 companies are venturing into climate action-inspired business, pouring over $20 billion worth of investment.…
France will host, in Paris, on June 22 and 23, 2023, the Summit for a new global financing pact. The Summit seeks to rethink the contract between the countries in the Global North and the Global South. The organisers aim to formulate a new pact to address the global economic crisis and climate change.…
COP27 outcomes were far and few for Africa, yet the UN announced an Executive Action Plan for the Early Warning for All initiative, which calls for initial new targeted investments of US$3.1 billion between 2023 and 2027, which is equivalent to a cost of just 50 cents per person per year.
This warning system comes to address crucial issues of extreme weather conditions such as disaster risk knowledge, observations and forecasting, preparedness and response, and communication of early warnings.
A couple of the notable outcomes for Africa included the continent's rainforest giant, the Democratic Republic of Congo (DRC) collaboration with Brazil and Indonesia, to launch a partnership to cooperate on forest preservation after a decade of on-off talks on a trilateral alliance.…
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Tanzania is now executing several energy projects, including the East African Crude Pipe Line Project (EACOP), which brought several international attention fighting its realization.
The widely followed meeting is occurring in the continent for the fifth time and attracting thousands of participants engaging in serious conversations that might lead to the realization of climate targets.
The 27th meeting of parties calls for moving from negotiations (which occurred in COP26) and “planning for implementation” for all these promises and pledges made (United Nations -UN).
As Samia presents the ambitious deal on behalf of a dozen southern African nations – the pressure lies upon the developed economies to jump in and support the common cause.…
The goal of JETP is to help South Africa decarbonise and switch to renewable energy for its power needs as aligned in the country’s Nationally Determined Contribution emissions goals.
Through the program, South Africa will mobilise an initial commitment of $8.5 billion for the first phase of financing, which has now been secured and whose distribution plan will be announced next month in Egypt at the COP27.
“The Partnership is expected to prevent up to 1-1.5 gigatonnes of emissions over the next 20 years and support South Africa to move away from coal and to accelerate its transition to a low emission, climate resilient economy,” reports the European Commission.…
- The annual meeting for the African Development Bank Group will be held in Accra, Ghana, from May 23-27, 2022
- The theme for the AfDB 2022 meeting is Achieving Climate Resilience and a Just Energy Transition for Africa
- This year marks the 57th AfDB Annual Meeting of the Bank Group’s Board of Governors and the 48th Meeting of the African Development Fund (ADF), the concessional arm of the Bank Group
- The Bank will launch the 2022 report for the African Development Bank’s African Economic Outlook during the annual meeting
The annual meeting for the African Development Bank Group will be held in Accra, Ghana, from May 23-27, 2022.
This is the first meeting in two years to be held in person since the COVID-19 pandemic hit Africa. The previous two meetings have been held virtually. This year, however, will be both physical, which will take place at the Accra International Conference …