Africa demands $700 BILLION A YEAR from Europe, USA and Asia for ‘Changing the Climate’

 

 

African nations want Cop26 to open discussions this week on a mega-financing deal that would channel $700bn (£520bn) every year from 2025 to help developing nations adapt to the climate crisis.

Tanguy Gahouma-Bekale, the chair of the African Group of Negotiators on climate change, said the increased finance was needed for the accelerated phase of decarbonisation required to hold global heating to 1.5C.

These funds would also be essential, he said, to cope with the impacts, including fiercer heat, widening droughts and more intense storms and floods, which are using up an increasingly large share of GDP. According to a recent study, some African nations are already spending more on climate adaptation than on healthcare and education.

“The work on this needs to start now,” said the climate diplomat from Gabon. “Talks about finance take time so we need to have a roadmap now with clear milestones on how to achieve targets after 2025 to ensure the money flows every year.”

It is also a question of justice. The climate problem was largely created by Europe, North America and east Asia, but the worst impacts are in the southern hemisphere. In 2009, rich nations promised $100bn a year, which was considered a downpayment and an important gesture of trust.

So what are these Wakanda baboons implying that they are too savage and low IQ and unable to create civilization that allegedly “changes the climate”? Also there is no climate change anywhere in the world, ESPECIALLY in Africa. It has always been hot and dry there. There’s nothing literally any different.

The money is needed immediately, say negotiators. According to a recent study by the United Nations Economic Commission for Africa, Cameron devotes close to 9% of its GDP on climate adaptation, Ethiopia 8%, Zimbabwe 9%, while Sierra Leone, Senegal and Ghana are all more than 7%. Even with these high shares of domestic funding, the study found a gap of about 80% between need and expenditure.

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