Billions needed for New Collective Quantified Goal on climate finance - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Climate News

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There will be two figures agreed upon, the inner and outer layers.

Clouds gather but produce no rain as cracks are seen in the dried up municipal dam in drought-stricken Graaff-Reinet, South Africa, November 14, 2019.Developed nations have to put over $100 billion in the New Collective Quantified Goal on climate finance, a bit higher than the last amount.

There will be two figures agreed upon, the inner layer which is expected to be slightly over $100 billion and also the outer layer, $1.5 trillion. Environment, Forestry and Fisheries Minister Dr Dion George says it is still too early to predict the outcomes of the negotiations, as no one is yet making concessions.

“We all agreed, certainly South Africa’s position and the developing economy position, the Africa position is that the loss and damage fund needs to actually speed up. We need to have more money in it because we’re seeing the “It is accelerating, and Africa is very heavily impacted. So yes, of course, it is concerning, but that is being discussed and negotiated,” explains George.Police blamed for not doing enough to enforce laws at Enyobeni Tavern

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