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Local weather Motion Biggest Financial Alternative of this Century, Says UN Local weather Chief — International Points

by Index Investing News
September 5, 2024
in World
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All six African sub-regions have skilled a rise within the temperature tendencies over the previous six many years, resulting in extreme water stresses, not sufficient meals and deepening poverty. Credit score: Joyce Chimbi/IPS
  • by Joyce Chimbi (nairobi)
  • Thursday, September 05, 2024
  • Inter Press Service

NAIROBI, Sep 05 (IPS) – With fewer than 100 days to go to COP29, the best decision-making physique on local weather points below the United Nations Framework Conference on Local weather Change (UNFCCC), is getting shorter and the necessity for inventive and revolutionary options to guard lives and livelihoods is extraordinarily pressing.

The State of the Local weather in Africa 2023 report reveals all six African sub-regions have skilled a rise within the temperature tendencies over the previous six many years. In Africa, 2023 was one of many three warmest years in 124 years, resulting in unprecedented climatic carnage. The implications are such that there’s not sufficient meals, deepening poverty, harm, displacement and lack of life.

However the place many see challenges, there are additionally alternatives.

Chatting with the African Ministerial Convention on the Surroundings (AMCEN) in Abidjan, Côte d’Ivoire, right this moment, Simon Stiell, Government Secretary of UN Local weather Change, mentioned “local weather motion is the only best financial alternative of this century.  It may and ought to be the only best alternative for Africa to raise up individuals, communities, and economies after centuries of exploitation and neglect.”

“The chance is immense. However so too are the prices for African nations of unchecked international heating. The continent has been warming at a sooner fee than the worldwide common. From Algeria to Zambia, climate-driven disasters are getting worse, inflicting essentially the most struggling on those that did least to trigger them.”

Collectively launched by the United Nations Financial Fee for Africa (ECA), the World Meteorological Group (WMO) and the African Union Fee on September 2, 2024, on the twelfth Local weather Change and Improvement in Africa (CCDA12) Convention, the local weather report reveals Africa is disproportionately affected by the local weather crises because the continent is warming at a fee that’s barely sooner than the worldwide common.

The yr 2023 was the warmest on report in lots of international locations, together with Mali, Morocco, the United Republic of Tanzania, and Uganda. The warming has been most fast in North Africa, with Morocco experiencing the best temperature anomaly.

The report signifies that components of Morocco, Algeria, Tunisia, Nigeria, Cameroon, Ethiopia, Madagascar, Zambia, Angola, and the Democratic Republic of the Congo skilled extreme drought in 2023. Following extreme droughts within the Higher Horn of Africa, three international locations, together with Kenya, Somalia and Ethiopia, skilled intensive and extreme flooding, with a minimum of 352 deaths and a pair of.4 million displaced individuals reported.

Amidst the far-reaching devastating loss and harm, the UN Local weather Chief emphasised that in Africa, as in all areas, the local weather disaster is an financial sinkhole, sucking the momentum out of financial development and that actually, many African nations are shedding as much as 5 p.c of GDP on account of local weather impacts. It’s African nations and individuals who pay the heaviest value.

Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), says COP29 in Baku must signal that the climate crisis is core business for every government, with financial solutions to match. UN Photo/Loey Felipe
Simon Stiell, Government Secretary of the United Nations Framework Conference on Local weather Change (UNFCCC), says COP29 in Baku should sign that the local weather disaster is core enterprise for each authorities, with monetary options to match. UN Picture/Loey Felipe

Inserting extra burden on poverty alleviation efforts, which might in flip considerably hamper development, the report reveals many international locations are diverting “as much as 9 p.c of their budgets into unplanned expenditures to answer excessive climate occasions. By 2030, it’s estimated that as much as 118 million extraordinarily poor individuals—or these dwelling on lower than USD 1.90 per day—will likely be uncovered to drought, floods and excessive warmth in Africa if satisfactory response measures aren’t put in place.”

Placing it into perspective, Stiell mentioned, “Contemplate meals manufacturing being hit onerous, contributing to the re-emergence of famine, whereas additionally pushing up international costs, and with them inflation and the price of dwelling.  Desertification and habitat destruction are driving compelled actions of individuals. Provide chains are already being hit onerous by spiralling local weather impacts,” he mentioned.

Additional cautioning that “it will be completely incorrect for any world chief—particularly within the G20—to assume: though extremely unhappy, in the end it isn’t my drawback. The financial and political actuality—in an interdependent world—is we’re all on this disaster collectively. We rise collectively, or we fall collectively. But when the local weather and financial crises are globally interlinked. So too are the options.”

In sub-Saharan Africa alone, it’s estimated that local weather adaptation will price USD 30 billion to USD 50 billion, which interprets to 2 to a few p.c of the regional GDP per yr over the following decade. With COP28 having concluded the first-ever stocktake of world local weather motion—a mid-term evaluation of progress in the direction of the 2015 Paris Settlement—COP29 has been dubbed the ‘finance COP’—a chance to align local weather finance contributions with estimated international wants.

COP29 can even be a chance to construct on earlier success, particularly within the heels of a most profitable COP28, whose bold commitments embody: to transition away from all fossil fuels shortly however pretty; to triple renewable vitality and double vitality effectivity; and to go from responding to local weather impacts to really transformative adaptation.

Whereas recognizing these huge commitments, Stiell mentioned delivering on them will unlock a goldmine of human and financial advantages that features cleaner, extra dependable and inexpensive vitality throughout Africa.  Extra jobs, stronger native economies, underpinning extra stability and alternative, particularly for ladies. That electrification and lighting at night time within the dwelling means youngsters can do homework, boosting schooling outcomes, with main flow-on productiveness features driving stronger financial development.

“Cooking with conventional fuels emits greenhouse gases roughly equal to international aviation or delivery. It additionally contributes to three million untimely deaths per yr. It might price 4 billion US {dollars} yearly to repair this in Africa—an impressive funding on any accounting,” he mentioned.

Additional stressing the necessity to hyperlink nature-based local weather options with biodiversity safety and land restoration, as this may drive progress proper throughout the 17 Sustainable Improvement Targets. But, he reiterated, African nations’ huge potential to drive ahead local weather options is being thwarted by an epidemic of underinvestment.

“Of the greater than USD400 billion spent on clear vitality final yr, solely USD2.6 billion went to African nations. Renewable vitality funding in Africa must develop a minimum of fivefold by 2030.  COP29 in Baku should sign that the local weather disaster is core enterprise for each authorities, with finance options to match,” Stiell emphasised.

“It’s time to flip the script. From potential local weather tipping factors to exponential adjustments in enterprise, funding, and development. Adjustments that can additional strengthen African nations’ local weather management and important function in international local weather options, on all fronts. Your function at COP29—and your voices within the lead-up—are extra vital than ever, to assist information our course of to the highest-ambition outcomes the entire world wants.”

IPS UN Bureau Report

Follow @IPSNewsUNBureau
Observe IPS Information UN Bureau on Instagram

© Inter Press Service (2024) — All Rights ReservedAuthentic supply: Inter Press Service

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<p><a href="https://www.globalissues.org/information/2024/09/05/37579">Local weather Motion Biggest Financial Alternative of this Century, Says UN Local weather Chief</a>, <cite>Inter Press Service</cite>, Thursday, September 05, 2024 (posted by International Points)</p>

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Local weather Motion Biggest Financial Alternative of this Century, Says UN Local weather Chief, Inter Press Service, Thursday, September 05, 2024 (posted by International Points)





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