Sustainable Development Goals

Global Climate Finance - Will Africa Benefit After Paris?

21 Apr 2016 by Daisy Mukarakate

UNDP is supporting a number of countries to develop GCF concept notes and funding proposals and to access GCF Readiness Funds for removal of barriers to direct access.
For the first time in the 25-year history of climate diplomacy, countries concluded a universal treaty under international law – the December 2015 Paris Agreement - rekindling lost hope on a collective and genuine effort to tackle climate change. African countries, along with the rest of the world, submitted national climate pledges also known as intended nationally determined contributions (INDCs), aimed at stabilizing greenhouse gas (GHG) concentration in the atmosphere to a level that does not pose a danger to life on earth. While Africa is the lowest contributor of global emissions, it is the most vulnerable continent to climate change with majority of its population relying on the land for subsistence and economic activity. According to the 2015 UN Environment Programme’s Adaptation Gap Report, Africa could require between US$20 -30 billion dollars annually over the next 10-20 years to meet its climate change adaptation needs. As such there is a need for developed countries to ramp up financial contributions, and on the other hand, for support to African countries to access global climate finance. The Paris Agreement provides the basis for this support. Article 9 paragraph 1 states “Developed country Parties shall provide financial resources to assist developing country Parties … Read more

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