The members of the African Climate Summit, meeting in Azerbaijan on the sidelines of COP29, reiterated the call to maintain and increase initiatives in favor of the green development of the African continent.
Other goals of the summit include strengthening multilateral cooperation and calling for reforms to the financial architecture, including introducing debt-for-climate swaps, climate-specific funds and restructured lending terms to enable Africa to respond effectively to climate emergencies.
Ces « Significant reforms will improve access to climate finance and address the explosion of interest on loans, which places an unjustifiable burden on developing countries ”, according to Musalia Mudavadi, Kenya’s First Cabinet Secretary and Cabinet Secretary for Foreign Affairs and Diaspora.
For the latter, it is a challenge “ discouraging, but surmountable » which must be taken up to prevent developing African countries from accumulating considerable debts in the face of adaptation to climate change.
Although Africa emits only 7% of greenhouse gas emissions, experts believe the continent is particularly vulnerable to climate change, because it is less able to adapt to it.
On Tuesday, the Secretary-General of the United Nations urged polluting countries to double funding for climate adaptation to $40 billion per year by 2025.
African countries intend to use these funds to improve their resistance to extreme weather phenomena, such as droughts or floods, to increase plant cover and protect biodiversity, as well as to develop their renewable energy capacities.
Senegal
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