$25 billion promise, $55 million commitment to climate adaptation – Do you stand out for that?
The odds are growing that the cost of hosting the next COP conference will exceed the amount actually delivered for all those broken climate promises.
‘Unfair’: Ghana hits West for low funding for climate change
Western countries have said they will spend about $25 billion by 2025 to help Africa adapt to climate change, but pledged only $55 million.
October 11, 2022
Ghanaian President Nana Akufo-Addo has criticized Western nations for their low financial commitment to tackle the problems caused by climate change on the continent.
“$55 million for 54 countries – this is not fair,” Akufo-Addo was quoted by French state broadcaster RFI as saying on Monday.
Akufo-Addo, who is on a six-day visit to France, where he is expected to meet President Emmanuel Macron, mentioned the commitments made in climate summit in Rotterdam last September – $23 million from the UK, $15 million from Norway, $10 million from France and $7 million from Denmark.
“The Adaptation Summit has a mission to raise $25 billion by 2025… ridiculous, while the G20 nations are responsible for 80% of emissions, Africa leaves Rotterdam with a commitment to up to 80 per cent of emissions, Africa leaves Rotterdam with a commitment of up to 55 million dollars,” said the Ghanaian leader.
The African Development Bank pledges an additional $12.5 billion to support the cause.
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Akufo-Addo said: “Of course a lot, but it is mocking, reminding that the G20 countries” are responsible for 80% [gas] emissions “.
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I’m not sure I’m going to complain about a $55 million, or even a 50th share of $55 million. But I can understand President Nana Akufo-Addo’s frustration. He was expecting more than that.
The solution is obvious – instead of allowing themselves to be led, the leaders of the countries expected to receive climate finance should boycott COP27, until a decent amount of money comes in.
Everyone would benefit from such a boycott – not only would African leaders end up receiving a substantial amount of climate cash, Western politicians would have to start explaining to voters. tri reason why they send billions of dollars to Africa, when there are so many problems at home that need the address.
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