The African Climate Week, one of the preparatory meetings for the 27th United Nations Climate Conference (COP27), opened on Monday 29 August 2022 in Libreville, Gabon. In the presence of a thousand representatives of governments, international organisations, NGOs and the private sector from all over the continent, the Egyptian Foreign Minister and President of COP27 denounced the climate injustice suffered by Africa. « There will be no reprieve or plan B at COP27, » warned Sameh Choukri.
Toute l'actu sur la protection de l'environnement
The African Climate Week, one of the preparatory meetings for the 27th United Nations Climate Conference (COP27), opened on Monday 29 August 2022 in Libreville, Gabon. In the presence of a thousand representatives of governments, international organisations, NGOs and the private sector from all over the continent, the Egyptian Foreign Minister and President of COP27 denounced the climate injustice suffered by Africa. « There will be no reprieve or plan B at COP27, » warned Sameh Choukri.
Africa wants to get out of the climate injustice it has been suffering for years. This is the main objective of the African Climate Week, one of the preparatory meetings for the 27th United Nations Climate Change Conference (COP27), scheduled for November in Sharm El-Sheikh, Egypt. The aim of this week, which opened on 29 August 2022 in Libreville, Gabon, is to unite African negotiators at COP27 around a common plea.
« The time has come for us Africans to take our destiny into our own hands, » says Gabonese Head of State Ali Bongo Ondimba, deploring the climate situation in Africa in unison with all the speakers. The continent is responsible for less than 4% of global CO2 emissions, but pays the highest price for global warming.
« Africa is obliged, with limited resources and a very low level of support, to spend 3% of its annual GDP to adapt to these impacts », Sameh Choukri, the Egyptian Minister of Foreign Affairs and President of COP27, added. He also denounced a « climate injustice » and blamed « many developed countries that have reneged on their commitments ». « There will be no reprieve or plan B at COP27, » warned the Egyptian diplomat.
100 million dollars per year is no longer enough
The pressure announced on the G20 countries by the COP27 negotiators is all the more relevant as the effects of climate change are expected to be more severe in Africa.
According to the latest analysis from the Intergovernmental Authority on Development’s (IGAD) regional climate prediction centre, the terrible drought in the Horn of Africa, the worst in 40 years, is likely to get even worse. The rainy season, which runs from October to December with almost 70% of the annual rainfall in some areas, such as eastern Kenya, will be late and with less rainfall, according to Igad.
For Tanguy Gahouma, the chairman of the African negotiating group at COP 26 in 2021 in Glasgow, « the $100 million per year that was promised is no longer relevant because it no longer corresponds to the current objectives. They were promised in Copenhagen (COP15 in 2009, editor’s note) and now we need to move on to new targets that are in line with the realities on the ground. The roadmap from the African Climate Week will be Africa’s common position at COP27.
Fanta Mabo
La Banque africaine de développement (BAD) multiplie des démarches pour un renforcement de la finance climatique en Afrique. Après avoir estimé à 1600 milliards de dollars, les besoins financiers de l’Afrique pour faire face aux effets du changement climatique d’ici à 2030, la BAD invite le Fonds monétaire international (FMI), à accorder au continent, un nouveau type de droit de tirages spéciaux (DTS) destiné à la résilience climatique.
Lors d’une réunion des ministres africains des Finances et des chefs des banques centrales, tenue le 6 juillet 2022 à Marrakech, au Maroc, la Banque africaine de développement (BAD) a axé son plaidoyer sur la finance climatique en Afrique. Le créancier du développement en Afrique a exprimé le veux d’obtenir du Fonds monétaire international (FMI) un nouveau type de droits de tirage spéciaux (DTS) qui seraient canalisés vers la résilience climatique en Afrique.
Les DTS sont des avoirs de réserve internationaux créés en 1969 par le FMI afin de compléter les réserves de change de ses pays membres. Il ne s’agit pas d’une monnaie, mais plutôt d’une ligne budgétaire dans la balance des paiements des pays membres du FMI (190 actuellement, Ndlr), qu’ils peuvent échanger contre des devises. En vertu de ses statuts, le FMI peut, sous certaines conditions et avec l’accord de 85 % des voix du conseil des gouverneurs, effectuer une allocation générale de DTS.
« Réparer l’Afrique, c’est réparer le monde »
La BAD a été représentée à la réunion de Marrakech par son vice-président Kevin Urama, qui déplore le fait que seulement 5 % des DTS bénéficie aux pays africains. «Je n’appelle pas à l’aide, je n’appelle pas à des subventions ou à une faveur pour l’Afrique, j’appelle la communauté mondiale à réaliser que réparer l’Afrique, c’est réparer le monde », déclare Kevin Urama.
Dans son rapport sur les perspectives économiques africaines en 2022, la BAD indique que l’Afrique a besoin de 1300 à 1600 milliards de dollars de financement entre 2022 et 2030 pour faire face de manière efficace au changement climatique. Dans cette estimation, 715 milliards dollars sont nécessaires pour l’atténuation des effets du changement climatique, 1,3 milliard dollars pour les besoins techniques et technologiques, entre 289 et 440 milliards dollars pour les pertes et préjudices alors qu’entre 259 et 407 milliards dollars seront nécessaires pour financer l’adaptation climatique. Et sur ce dernier point, c’est l’Afrique de l’Est qui enregistre le coût estimatif d’adaptation le plus élevé, soit 143 milliards dollars.
Boris Ngounou
AFRIQUE : la BAD milite pour des DTS destinés à la résilience climatique
La Banque africaine de développement (BAD) multiplie des démarches pour un renforcement de la finance climatique en Afrique. Après avoir estimé à 1600 milliards de dollars, les besoins financiers de l’Afrique pour faire face aux effets du changement climatique d’ici à 2030, la BAD invite le Fonds monétaire international (FMI), à accorder au continent, un nouveau type de droit de tirages spéciaux (DTS) destiné à la résilience climatique.
The 27th United Nations Climate Change Conference (COP27), which takes place from 7 to 11 November 2022 in Egypt, will be decisive for climate finance in Africa. A recent report by the African Development Bank (AfDB) indicates that Africa needs at least USD 1.3 trillion by 2030 to adequately respond to climate change.
The issue of climate finance is becoming increasingly acute in Africa. While African governments and civil society deplore the unfulfilled promises of developed countries to provide climate finance to developing countries, the African Development Bank’s (AfDB) financial forecasts provide some hard numbers.
In its African Economic Outlook 2022 report, the AfDB says Africa needs between $1.3 trillion and $1.6 trillion in financing between 2022 and 2030 to effectively address climate change. Of this amount, US$715 billion is needed for mitigation, US$1.3 billion for technical and technological needs, US$289-440 billion for loss and damage, while US$259-407 billion will be needed to finance climate adaptation. On this last point, East Africa has the highest estimated cost of adaptation, at $143 billion.
Addressing the climate finance gap in Africa
The AfDB report comes on the eve of the 27th United Nations Climate Change Conference (COP27) which takes place from 7 to 18 November 2022 in Egypt. Dubbed « the African COP », the Sharm El-Sheikh meeting is seen on the continent as an opportunity to effectively address the climate finance deficit in Africa.
In an attempt to solve this problem, world leaders at COP15 in Copenhagen in 2009 pledged to collectively mobilise $100 billion per year from 2020 to help developing countries adapt to climate change. But this promise has never been fulfilled.
« In recent years, many developing countries and activists have called for a fund to compensate poor countries for the devastation caused by climate change, for which rich countries are disproportionately responsible because of their past emissions. This call was rejected at last year’s summit (COP26 in Glasgow, Scotland), » explains Sameh Shoukry, the Egyptian Foreign Minister, who is also the President-designate of COP27.
At COP26, the issue of rich countries financing the consequences of global warming, a demand often referred to as « loss and damage », was raised. But a dialogue on the issue was postponed until 2024.
Fanta Mabo
COP27: the rendezvous of climate finance in Africa?
The 27th United Nations Climate Change Conference (COP27), which takes place from 7 to 11 November 2022 in Egypt, will be decisive for climate finance in Africa. A recent report by the African Development Bank (AfDB) indicates that Africa needs at least USD 1.3 trillion by 2030 to adequately respond to climate change.
The 27th United Nations Climate Change Conference (COP27), which takes place from 7 to 11 November 2022 in Egypt, will be decisive for climate finance in Africa. A recent report by the African Development Bank (AfDB) indicates that Africa needs at least USD 1.3 trillion by 2030 to adequately respond to climate change.
The issue of climate finance is becoming increasingly acute in Africa. While African governments and civil society deplore the unfulfilled promises of developed countries to provide climate finance to developing countries, the African Development Bank’s (AfDB) financial forecasts provide some hard numbers.
In its African Economic Outlook 2022 report, the AfDB says Africa needs between $1.3 trillion and $1.6 trillion in financing between 2022 and 2030 to effectively address climate change. Of this amount, US$715 billion is needed for mitigation, US$1.3 billion for technical and technological needs, US$289-440 billion for loss and damage, while US$259-407 billion will be needed to finance climate adaptation. On this last point, East Africa has the highest estimated cost of adaptation, at $143 billion.
Addressing the climate finance gap in Africa
The AfDB report comes on the eve of the 27th United Nations Climate Change Conference (COP27) which takes place from 7 to 18 November 2022 in Egypt. Dubbed « the African COP », the Sharm El-Sheikh meeting is seen on the continent as an opportunity to effectively address the climate finance deficit in Africa.
In an attempt to solve this problem, world leaders at COP15 in Copenhagen in 2009 pledged to collectively mobilise $100 billion per year from 2020 to help developing countries adapt to climate change. But this promise has never been fulfilled.
« In recent years, many developing countries and activists have called for a fund to compensate poor countries for the devastation caused by climate change, for which rich countries are disproportionately responsible because of their past emissions. This call was rejected at last year’s summit (COP26 in Glasgow, Scotland), » explains Sameh Shoukry, the Egyptian Foreign Minister, who is also the President-designate of COP27.
At COP26, the issue of rich countries financing the consequences of global warming, a demand often referred to as « loss and damage », was raised. But a dialogue on the issue was postponed until 2024.
Boris Ngounou
COP27: the rendezvous of climate finance in Africa?
The 27th United Nations Climate Change Conference (COP27), which takes place from 7 to 11 November 2022 in Egypt, will be decisive for climate finance in Africa. A recent report by the African Development Bank (AfDB) indicates that Africa needs at least USD 1.3 trillion by 2030 to adequately respond to climate change.