Why Continent Wants U.S.$1.3 Trillion in Climate Financing AfricaClimateCrisis TheExchangeEA: Africa
Climate campaigners are pressing for more, a tenfold increase in climate financing commitments to Africa from the west's 2009 US$100 billion number to US$1.3 trillion.
On August 3, flash floods in the town of Mbale claimed the lives of at least 24 Ugandans, displacing 5,600 people and destroying more than 5,000 acres of crops. According to the 2019 Save the Children report, floods, cyclones, and landslides in Somalia, Mozambique, Sudan, Kenya and Malawi resulted in nearly 1,200 fatalities.
Additionally, it projects that by 2030, financing Africa's demands for mitigation would cost US$1.6 trillion, in addition to an extra US$580 billion for adaptation and US$242 billion for"dual benefit" measures. This is less than the US$1.3 trillion the continent is requesting.Although fewer than 4% of global carbon emissions come from Africa, the continent has experienced some of the harshest impacts of climate change, with increases in temperature faster than usual.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Southern Africa: Energy Sector in Southern Africa Gaining From the New Global RealignmentAnalysis - The war in Ukraine has shown how dependent Europe is on natural gas for power. Before the conflict broke out in February this year, Russia supplied up to 40 per cent of Europe's gas requirements. As Russia cuts supplies, these nations are rushing to strike deals in Africa as prices soar. Significant investments are needed to build Africa's trans-regional and intercontinental pipelines to open up access to Europe
Read more »
15 Farm attacks, 7 farm murders in South Africa – September 2022 - South Africa TodayIn September 2022, there were 15 farm attacks and 7 farm murders in South Africa. In August, there were 15 farm attacks and 3 farm murders
Read more »
Africa: COP27 - What's in It for Africa?The United Nations Climate Conference will be held in November 2022 in Egypt. It is expected that government and business leaders will once again converge to discuss and reiterate their commitment to reducing global temperatures. Their objective being to mitigate the impact of climate change. This year’s convocation will likely have its credence marred by unmet pledges to Africa.
Read more »
East Africa: Why Internet Is So Expensive in Uganda Compared to Other Countries in East AfricaUganda's telecom companies have invested heavily in infrastructure services to boost internet access but the low number of users have limited their ability to lower internet costs for their customers including the Small and Medium Enterprises.
Read more »
South Africa: BRICS Currency - Vision or Pipe Dream?Opinion - Countries that constitute the BRICS bloc first mooted the idea of a common reserve currency between them as far back as 2011.
Read more »