‘Adaptation is Africa’s lifeline’ — negotiators seek $1.3trn climate finance at COP29

📆 2024/11/22 04:36:00
📰 thecableng

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The African Group of Negotiators (AGN) on climate change has called for $1.3 trillion per annum to finance climate-related development across the continent.

Deborah BodundeThe African Group of Negotiators on climate change has called for $1.3 trillion per annum to finance climate-related development across the continent.

The group demanded more than $1 trillion annually from 2026 to 2030 to support Africa’s “special needs and circumstances”.Mohamed noted that climate finance and adaptation are Africa’s top priorities, alongside other critical issues such as mitigation, carbon markets, and the global stocktake . “Every $1 invested in making infrastructure resilient saves US$4 in reconstruction. A $1.8 trillion investment could generate $7.1 trillion in benefits by 2030.

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