Alexandre Gubert Lette’s plea for financial reforms…

Alexandre Gubert Lette’s plea for financial reforms…
Alexandre Gubert Lette’s plea for financial reforms…

The climate crisis continues to intensify in Senegal, hitting vulnerable communities particularly hard. Alexandre Gubert Lette, Managing Director of Teranga Lab, recently sounded the alarm about the challenges posed by climate disasters, emphasizing the urgent need to rethink climate financing mechanisms at the global level.

The devastating flood that recently hit northern Senegal highlighted the limits of the country’s infrastructure and adaptation capacities in the face of extreme phenomena. “This tragedy highlights the urgent need to bridge the financial gap for adaptation and resilience,” said Mr. Lette, highlighting the human and material losses suffered by affected communities.

According to Mr. Lette, the commitment made within the framework of the New Collective Quantified Goal (NCQG), aimed at mobilizing 1.3 trillion USD per year for vulnerable countries, is far from being achieved. This financial gap compromises the ability of developing countries to respond to climate challenges.

“We cannot, as developing countries, continue to bear the weight of climate impacts alone without support commensurate with the challenges,” he declared.

For Mr. Lette, a reform of multilateral financial architectures is imperative. It calls for the elimination of structural barriers that limit equitable access to climate finance for countries like Senegal.

“These structural barriers reinforce inequalities and slow down climate justice efforts,” he added, emphasizing that the absence of sufficient resources not only weakens the resilience of territories, but also slows down the global fight against climate injustices.

“We cannot, as developing countries, continue to bear the weight of climate impacts alone without support commensurate with the challenges,” continues Mr. Lette.


Senegal

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