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Africa calls for climate finance tracker after donors fall short

LIBREVILLE, Oct 19 (Reuters) – African international locations need a new system to trace funding from rich nations which are failing to satisfy a $100-billion annual goal to assist the growing world deal with climate change, Africa’s lead climate negotiator stated.

The demand highlights tensions forward of the COP26 climate summit between the world’s 20 largest economies, that are behind 80% of greenhouse fuel emissions, and growing international locations which are bearing the brunt of the consequences of worldwide warming.

“If we prove that someone is responsible for something, it is his responsibility to pay for that,” stated Tanguy Gahouma, chair of the African Group of Negotiators at COP26, the United Nations climate summit in Glasgow, Scotland, which begins on Oct. 31.

In 2009, developed international locations agreed to boost $100 billion per yr by 2020 to assist the growing world take care of the fallout from a warming planet.

The newest obtainable estimates from the Organisation for Economic Co-operation and Development (OECD) present this funding hit $79.6 billion in 2019, simply 2% greater than in 2018. learn extra

The OECD information reveals Asian international locations on common obtained 43% of the climate finance in 2016-19, whereas Africa obtained 26%. Gahouma stated a extra detailed shared system was wanted that may preserve tabs on every nation’s contribution and the place it went on the bottom.

“They say they achieved maybe 70% of the target, but we cannot see that,” Gahouma stated.

“We need to have a clear roadmap how they will put on the table the $100 billion per year, how we can track (it),” he stated in an interview on Thursday. “We don’t have time to lose and Africa is one of the most vulnerable regions of the world.”

Temperatures in Africa are rising at a sooner charge than the worldwide common, in line with the most recent U.N. climate report. It forecasts additional warming will result in extra excessive heatwaves, extreme coastal flooding and intense rainfall on the continent.

Even as rich nations miss the $100 billion goal, African international locations plan to push for this funding to be scaled up greater than tenfold by 2030. learn extra

“The $100 billion was a political commitment. It was not based on the real needs of developing countries to tackle climate change,” Gahouma stated.

World leaders and their representatives have just some days on the summit in Glasgow to attempt to dealer offers to chop emissions sooner and finance measures to adapt to climate pressures.

African international locations face an additional problem on the talks as a result of administrative hurdles to getting into Britain and to travelling through the coronavirus pandemic imply smaller than traditional delegations can attend, Gahouma stated.

“Limited delegations, with a very huge amount of work and limited time. This will be very challenging,” Gahouma stated.

Reporting by Alessandra Prentice; Editing by Aaron Ross and Janet Lawrence

A protester from the Climate Coalition demonstrates, with 100 hundred days to go before the start of the COP26 climate summit, in Parliament Square, London, Britain, July 23, 2021.  REUTERS/Peter Nicholls

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