News Formal

Creecy: Climate finance shouldn't worsen Africa's debt burden

  • 📰 News24
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 80%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Minister Barbara Creecy says that climate finance requires innovation, so that it does not increase the debt burden for African and developing countries nor require sovereign guarantees.

Minister Barbara Creecy has reiterated previous calls for climate finance not to worsen the debt burden for Africa.

The summit is themed around driving green growth and climate finance solutions for the continent and the rest of the world. Creecy noted the importance of accessing grant and concessional finance – something which she has also advocated for at UN climate summit, COP27, last year. She said that South Africa's position is that non-debt finance instruments be deployed. This includes not requiring sovereign guarantees for finance:

"Climate change impacts will be genuinely felt during the lifespan of the planned and future infrastructure within the coming decade," Creecy warned.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Africa Climate Summit in Kenya to urge investment in continentThe first Africa Climate Summit aims to reframe the continent as an emerging renewable energy powerhouse and calls on international financial assistance to actualise its potential.
La source: ewnupdates - 🏆 30. / 53 Lire la suite »