Post-2025 climate finance: Africa’s agenda & expectations for COP29
NCQG, the post-2025 climate finance goal and a successor to the $100 billion annual commitment agreed upon by developed countries at the 2009 Copenhagen Conference of the Parties, is set to expire in 2025. On Africa's perspective regarding the new climate finance goal and key highlights for the upcoming COP29, CNBC Africa's Tabitha Muthoni spoke to Iskander Erzini Vernoit, Director of the IMAL Initiative for Climate and Development.
Tue, 10 Sep 2024 10:06:30 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The need for accountability and specificity in structuring the new climate finance goal
- Balancing adaptation and mitigation efforts in allocating climate finance
- The role of the private sector and transparency in ensuring equitable fund allocation
The upcoming COP29 is set to be a groundbreaking conference, with the primary focus on negotiating a new climate finance goal to replace the current $100 billion annual commitment made by developed countries back in 2009. Africa, as a continent that is highly vulnerable to the impacts of climate change, is eagerly awaiting the outcome of these negotiations and is keen on ensuring that its priorities are adequately reflected in the final agreement. In a recent interview with CNBC Africa, Iskander Erzini Vernoit, Director of the IMAL Initiative for Climate and Development, shared insights on the challenges and opportunities surrounding the new climate finance goal and its implications for African economies.
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