Africa Calls For Climate Finance Tracker After Donors Fall Short - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
October 19, 2021
The demand highlights tensions ahead of the COP26 climate summit between the world’s 20 largest economies, which are behind 80 per cent of greenhouse gas emissions, and developing countries that are bearing the brunt of the effects of global warming.
In 2009, developed countries agreed to raise 100 billion dollars per year by 2020 to help the developing world deal with the fallout from a warming planet.
The latest available estimates from the Organisation for Economic Co-operation and Development OECD show this funding hit 79.6 billion dollars in 2019, just two per cent more than in 2018.
The OECD data shows Asian countries on average received 43 per cent of the climate finance in 2016-19, while Africa received 26 per cent.
Gahouma said a more detailed shared system was needed that would keep tabs on each country’s contribution and where it went on the ground.
Temperatures in Africa are rising at a faster rate than the global average, according to the latest UN climate report.