G20 Urged to Mobilize Finance for Climate Change Mitigation and Just Energy Transition

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Environment News

Climate Change,G20,Just Energy Transition

President Ramaphosa emphasized the escalating climate crisis and the financial burden it imposes on developing countries, particularly African nations. He called for global financial support for post-disaster reconstruction, aiming to secure increased climate finance flows to developing countries under the South African G20 presidency.

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email. The climate crisis is worsening, with African countries losing between 2% to 5% of their GDP and up to 9% of their budgets to climate extremes. By 2030, it is estimated that 118 million extremely poor people in Africa will be exposed to drought, floods, and extreme heat.

President Ramaphosa highlighted the increasing rate of climate-induced natural disasters and the need for global financial support for post-disaster reconstruction. Under South Africa’s presidency of the G20, efforts will be made to mobilize finance for a just energy transition, aiming to secure agreement on increasing climate finance flows to developing countries

 

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