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OPINION | SA’s climate financing must not lead to increased debt. climatechange COP27

And to be clear, they deserve more than the help they’ve received so far, because as has been frequently pointed out, Africa is the most climate-vulnerable continent, despite being responsible for only 4% of greenhouse gas emissions.for creating the massive problem, a problem now big enough to suggest the ambition of keeping the global temperature rise below the 1.5˚C threshold is a pipe dream.

financial promises must be kept. That failure so far has resulted in a loss of trust between developing and developed nations. whatever policies and plans are adopted, developing countries in Africa must not be forced into greater debt in order to fix a problem not of their making. in financing to help the country move away from coal-based energy. There have been some difficulties in hammering out the nitty-gritty of the agreement, in part because of the need for South Africa to avoid going deeper into debt. It is that aspect that will be monitored closely by developing nations who might look to a similar deal in the future.

 

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But that's exactly what ANC is going to do today.

Too little too late

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