Audio By Carbonatix
Many developing countries, particularly in Africa, are proposing more ambitious climate targets as they prepare to submit their updated Nationally Determined Contributions (NDCs) to the UNFCCC in September.
However, a recurring challenge persists. Countries lack sufficient financing to implement climate action at the scale required, as international financial support has not been fully realized.
More than 70% of African climate commitments are conditional – they rely on external finance to be realized. Without tangible funding commitments from developed countries, these NDCs risk remaining aspirational rather than actionable.
The African Group of Negotiators on Climate Change (AGN) is therefore concerned about the ongoing UN Climate Conference in Bonn, Germany, delivering on climate finance.
During COP 26, rich countries pledged to double the amount of adaptation financing they provide by 2025 compared to 2018. At COP 30, the question of whether this has been met will be crucial.
The Bonn negotiations present a special moment to set an ambitious expectation of adaptation finance for the UN climate talks in Brazil later this year.
AGN Chair, Dr. Richard Muyungi, says going back to the $1.3 trillion climate finance deliverable is critical, taking into account both the historic imbalances and urgent development and resource needs.
“We need resources because impacts are increasing; we need resources because we are committed to work with the international community and we can’t do that without resources on the ground. Therefore, for us the realization of the $1.3 trillion roadmap is very important,” he emphasized at a press conference in Bonn.
The delivery of the Just Transition – a shift towards low-carbon climate climate-resilient economies – is another essential area of interest to the AGN.
Dr. Muyungi believes the Just Transition is a transformative approach with inherent opportunities in the shift, but the AGN is also looking at the prioritising issues that impact on the daily lives of people in Africa, including connectivity and energy security and clean cooking and impacts on women and children.
“We do understand that is not an easy task; it is not just a negotiating process, but a life transforming process. The Just Transition pathways must be informed by the realities of Africa on the ground, they must be informed by the needs and what Africa contributes to the just transition,” he stated.
The mid-year UN climate talks kicked off in Bonn amid an increase in climate impacts globally, yet many of the world’s biggest polluters have not submitted their updated Nationally Determined Contributions (NDCs). In response, African countries are calling on big emitters to submit ambitious emissions reduction plans to achieve the 1.5°C temperature goals.
In this year’s conference, the COP Presidencies of Azerbaijan and Brazil will jumpstart discussions between countries on delivering the $1.3 trillion goal. The roadmap offers the opportunity to address finance questions that went unanswered at COP 29.
African countries have continually emphasized the need for grants for adaptation and loss and damage, and concessional finance for the just transition.
As negotiators get to work, COP30 President, André Aranha Corrêa do Lago, has prevailed on governments to deliver on what they agreed to do under the Global Stocktake.
Latest Stories
-
NACOC disrupts suspected drug network in Winneba ahead of Aboakyiri Festival
3 minutes -
You don’t need to incur GH¢15.6bn loss to stabilise the economy – Dr Boako tells gov’t
15 minutes -
Video: Dr Gideon Boako explains why he thinks BoG’s 2025 losses is more than GH¢15.6bn
19 minutes -
The Bank of Ghana has not made any losses that should be a topic for discussion — Sammy Gyamfi
50 minutes -
AMA to reintroduce Town Councils to enhance sanitation enforcement
1 hour -
Central bank’s inflation fight since 2022 came at a cost – Prof Turkson
1 hour -
If BoG isn’t a profit-making institution, it also can’t be a loss-making one – Kofi Bentil
2 hours -
Rethinking intelligence in the age of Artificial Intelligence
2 hours -
‘Every day is about survival’ – Workers demand action beyond May Day celebrations
2 hours -
Clear leadership demonstrated in managing recent power crisis – Dr Theo Acheampong
2 hours -
Accountability is defective in the energy sector – Ben Boakye
2 hours -
From detection to creation: Why education must move beyond AI plagiarism
2 hours -
Ghanaians keep paying for inefficiencies in the power sector – Prof Bokpin
2 hours -
Ghana’s power system not robust, outages inevitable – Ben Boakye
3 hours -
Beyond insults: The I.D.E.M playbook for political parties in the age of the ‘social media minister’
3 hours