In the face of some nations' foot-dragging tactics, a pan-African front is all the more imperative, writes the chair of the African Group of Negotiators.unlike anything we have witnessed before is raging across our continent. In recent weeks, we have witnessed horrendous floods, landslides, and crushing heatwaves killing hundreds of our African brothers and sisters and wrecking the livelihoods of thousands.
But the realisation of this potential is constrained by a lack of fair and equitable finances. Why do African countries pay five times as much for borrowing as wealthier nations? Why do we allow perceived risk factors to drive this inequality? This has left us in a chokehold of debt and a vicious cycle of debt servicing that hurts our continent's investment in the green transition.
At COP29 in November, the world is supposed to agree on a long-term finance Goal - the New Collective Quantified Goal . However, the minimal progress made in Bonn is a point of concern. The drawback suggests that all nations must work together while acknowledging the obligations and commitments under the climate agreements.There was a problem processing your submission. Please try again later.
By working together with a common resolve and vision, we could turn the tide at COP29 and celebrate a new commitment to climate finance that keeps the goal of holding global warming to 1.5°C alive and protect those increasingly harmed by climate impacts.