Africa's push for climate finance amid global challenges

As global leaders gather at COP29, the push for fair climate finance distribution is at the forefront of African nations' agenda. The challenges of high capital costs and the absence of major emitters have created a unique landscape for negotiations at the conference. With some of the biggest polluters missing from the table, the discussions on climate finance have taken a different turn, urging Africa to advocate more strongly for its needs. Joseph Ng'ang'a, the VP of Africa at Global Energy Alliance For People And Planet (GEAPP), joined CNBC Africa to shed light on the proposals and demands that the continent is bringing to COP29. At the core of Africa's stance are three key points: the fulfillment of existing commitments, increased contributions for adaptation, and a coordinated approach to ensure no one is left behind. Ng'ang'a emphasized the urgent need for a fairer distribution of climate finance, highlighting the disparities in funding allocation that disproportionately affect the most vulnerable nations. As Africa gears up to submit revised Nationally Determined Contributions (NDCs) next year, the call for adequate financial support is more critical than ever. The absence of key emitters and shifts in political leadership have added complexity to the negotiations at COP29. Ng'ang'a underscored the necessity for all nations, regardless of their economic status, to be actively involved in finding solutions to the global climate crisis. Despite the challenges posed by the lack of major emitters at the conference, Ng'ang'a proposed a united front for African nations to drive their climate agenda. He mentioned the Africa Climate Summit and the Nairobi Declaration as guiding documents for the continent's climate strategy, urging a collective effort to hold accountable those who fail to honor their climate finance commitments. Ng'ang'a also presented a four-point plan aimed at leveraging Africa's strengths in negotiations. The plan includes leveraging carbon sinks, utilizing the potential of the continent's youth, harnessing renewable energy resources, and advocating for equitable climate finance distribution. The discussion delved into the impact of past climate finance commitments on Africa's ability to set ambitious NDCs for the future. Ng'ang'a stressed that without adequate funding, meeting NDC targets would be challenging, ultimately jeopardizing Africa's efforts to mitigate climate change. He emphasized that climate finance is not a charitable act but a global responsibility essential for the survival of the planet. The conversation with Ng'ang'a highlighted the interconnectedness of climate action and the imperative for all nations to uphold their commitments for a sustainable future. As Africa continues its advocacy for climate finance at COP29, the spotlight remains on the need for collective action and accountability in addressing the pressing challenges of the climate crisis.