This is an opportunity for the Global South to forge new paths, emphasising regional cooperation, community-driven solutions and innovative financing
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.withdrawing the United States from the Paris Agreement and cutting all related financial commitments signals a seismic shift in global climate governance.
For many African nations, US climate financing has been a lifeline for renewable energy projects. Initiatives such as the Africa Clean Energy Corridor, which aims to enhance regional energy connectivity and scale up renewable projects, rely heavily on international funding. By withdrawing, the US creates a financial vacuum that will be difficult for other donor nations to fill.
The lack of US involvement could delay the use of advanced technologies, from next-generation solar panels to battery storage solutions. Furthermore, the absence of technical training programmes risks slowing the development of local expertise, a cornerstone of sustainable energy transitions. The US decision to prioritize “American prosperity” over global cooperation undermines the spirit of multilateralism central to the Paris Agreement. For the Global South, this signals a dangerous precedent where developed nations shirk their responsibilities under the principle of common but differentiated responsibilities and respective capabilities.
In the face of reduced public funding, private sector investment will become increasingly critical for renewable energy in the Global South. Although this offers an avenue for resource mobilisation, it also introduces risks, including prioritising profit over equitable access and sustainability.
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