) unfolds in Sharm El Sheikh, Egypt, realistic conversations about the implementation of South Africa’s nationally determined contribution, a climate action plan to cut emissions and adapt to climate impacts, is required.
Despite Africa’s insignificant contribution to climate change, the continent is heavily affected in some regions because of multiple factors that include underdevelopment, low adaptive capacity, heavy dependence on climate-sensitive sectors and limited access to finance and technology. This is important because African countries need substantial investment for climate change adaptation. Multilateral and international private-sector financing is crucial.
It is one thing for the country to call for climate financing but it’s another for developed countries and private sector financiers to contribute public financing if South Africa is not able to administer the money without misuse.