Climate Change in Africa
A race against time
We live in a complicated interconnected world, on a continent experiencing considerable economic, social and environmental challenges. Among the most significant of the environmental challenges is climate change. In Africa, climate change threatens to derail the significant development gains that have been made over the last decades; climate change also threatens future growth and development. Read more
How concessional climate finance can unleash the potential of the private sector to fight deforestation and forest degradation in Africa
Often over the past few years, I’ve come across fellow colleagues working as investment officers who view concessional climate finance as a pure co-financing instrument that can quickly and effectively cover a funding gap in any given project. They fail to understand that if structured in such a simple way, the full potential of concessionality to drive private investment in under-invested sectors will not be met.
Securing a smooth transition to low-carbon and climate-smart development will require effective global partnerships that mobilize funding and track its impact around the world. That is where the world’s multilateral development institutions come in.
Climate diplomacy is the process of advocating for actions to respond to climate change in diplomatic dialogues, public diplomacy, and policy instruments, and of contributing to public awareness about climate actions needed to effect change. What role does climate diplomacy play in ensuring effective climate actions around the globe?
The challenge of the Paris Agreement is “to achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases in the second half of this century”. It’s a 50-year marathon, made up of successive five-year sprints, and we need to approach it as such.
Sometimes as a quick-fix solution to ending poverty, the world’s poor countries including Least Developing Countries (LDCs) resort to cheap but unsustainable exploitation of natural resources: develop now and clean up later! This approach may have been used by developed nations years ago, but times have changed. Today, climate impacts have become more alarmingly urgent, and at the same time climate-smart solutions are becoming more viable and affordable. It would be simplistic bordering on fatalism to adopt yesteryear’s solutions to 21st century development challenges.