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Africa should strike balance between climate action and economic growth
While insufficient finance flow into Africa remains a challenge, a resolve to sustainably develop portends greater benefits for the continent in the long term.
This year marks a key timeline for signatories of the Paris Agreement for submitting updated nationally determined contributions. Therein, countries communicate their carbon emission reduction efforts and how they are adapting to climate change.
Although, the second highest emitter of carbon emissions, the US has also been a significant contributor to the Green Climate Fund. Its withdrawal from the Agreement will significantly impact global efforts towards climate action. Emissions are anticipated to increase, with Africa expecting a reduction in climate finance.
