Loss & damage fund implementation tops Africa’s agenda at Cop28
As global leaders and actors in the Climate Change eco-system converge in Dubai for Cop28, Africa is optimistic to course correct on the unfulfilled climate commit by rich countries. Among key priority areas will be the operationalization of the loss and damage fund as well as mobilizing funding for poor countries. CNBC Africa spoke to Durrel Halleson, Policy and Partnerships Manager WWF Africa for more.
Thu, 30 Nov 2023 17:31:20 GMT
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AI Generated Summary
- Africa is advocating for the operationalization of the loss and damage fund and mobilization of financing without increasing debt burdens.
- The continent is prioritizing the transition to renewable energy sources and seeking announcements supportive of sustainable energy initiatives.
- Integrating climate and nature discussions, leveraging natural resources, and emphasizing Africa's role in combating climate change are key focus areas at COP28.
As global leaders and actors in the Climate Change eco-system converge in Dubai for COP28, Africa is optimistic to course correct on the unfulfilled climate commit by rich countries. Among the key priority areas discussed is the operationalization of the loss and damage fund as well as mobilizing funding for poor countries. Durrel Halleson, Policy and Partnerships Manager at WWF Africa, shed light on Africa's stance and expectations for COP28. Halleson emphasized the urgent need to address the devastating effects of climate change, particularly in Africa where extreme weather events have taken a toll on economies and livelihoods. The continent is determined to shift its narrative from one of vulnerability to one of solutions in combating the climate change crisis.
At previous climate conferences, promises made by developed countries regarding financial support and the $100 billion annual pledge have fallen short. Africa is looking to COP28 to deliver on these commitments, calling for new financing without imposing additional debt burdens on the continent. One of the critical priorities for Africa is the operationalization of the loss and damage fund established at COP27, aiming for it to be housed under the UNFCCC Secretariat. This move would ensure a dedicated fund focused on addressing the impacts of climate change.
Another crucial aspect highlighted by Halleson is the transition to clean energy in Africa. With a focus on renewable energy sources, the continent seeks to embrace sustainable energy solutions while avoiding the use of fossil fuels. This energy transition is crucial not only for reducing carbon emissions but also for promoting economic growth and environmental sustainability. Halleson stressed the importance of leveraging Africa's natural resources, such as the vast Congo Basin Forest, to advance climate discussions and emphasize the continent's role in combating climate change.
As the COP28 discussions unfold, Africa anticipates key announcements related to financing, energy transition, and nature conservation. The continent is hopeful for positive outcomes that will enable it to build a resilient economy and fulfill its climate commitments to the people. Halleson emphasized the significance of integrating climate and nature discussions to drive holistic solutions and address environmental challenges effectively.
When asked about the potential consequences if the desired aspirations of Africa are not met at COP28, Halleson underscored the urgency of staying on track to limit global warming to 1.5 degrees Celsius. Despite concerns about the possibility of failing to reach a comprehensive agreement, there remains optimism for course correction and renewed efforts to pursue the 1.5-degree target. The world's collective commitment to achieving this goal is crucial, and Africa looks to COP28 as a pivotal moment to advance climate action and secure a sustainable future for all.