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Climate Finance Lags While Africa Gets Walloped By Floods And Heat

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Africa is the second most populated continent, with 1.3 billion people. Global warming is costing it as much $7 billion yearly — projected to rise to $50 billion by 2030.

The good news is that the Africa Union — comprised of 55 members — influenced the thinking of the G-20, the world’s most advanced countries. The continent is now part of the newly formed G-21. And sustainability is atop the economic bloc’s agenda.Residents brave the floods in Mazive, southern Mozambique, on April 28, 2019.

IRENA pushes hard for more renewables, saying the climate crisis requires urgency. It reports that 86% — 187 gigawatts — of all newly commissioned renewable energy capacity in 2022 had lower costs than fossil-fueled electricity. That’s saving money: Green energy has cut electricity bills by $520 billion since 2000.

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