https://en.sputniknews.africa/20231203/sas-ramaphosa-calls-for-more-funding-in-fight-against-climate-change-1063926470.html
SA's Ramaphosa Calls for More Funding to Fight Climate Change
SA's Ramaphosa Calls for More Funding to Fight Climate Change
Sputnik Africa
COP28 began on Thursday and runs through December 12. The summit brings together world leaders, global organizations and stakeholders to negotiate and... 03.12.2023, Sputnik Africa
2023-12-03T12:47+0100
2023-12-03T12:47+0100
2023-12-03T13:15+0100
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More funding needs to be raised for countries most vulnerable to climate change, South African President Cyril Ramaphosa said at COP28.Among the most vulnerable and affected by the rapidly changing climate, the President identified African countries, noting that they must build resilience in the context of "historically low levels of development and severely limited capacity."In the transcript of his statement posted on the presidential website, Ramaphosa lamented that developing countries have borne the brunt of the negative impacts of climate change, but the commitments of developed countries are "not being met."Ramaphosa also noted the need for a "new partnership" to support countries that choose a low-emissions pathway and viable alternative livelihoods for communities currently dependent on the fossil fuel value chain.Earlier, addressing the UN General Assembly in September, the South African president said that decades after the end of the "colonial exploitation of Africa’s resources," the people of the continent are "once again bearing the cost of the industrialization and development of the wealthy nations of the world.""This is a price that the people of Africa are no longer prepared to pay," he said back then.South Africa, one of the most developed countries on the continent, is currently experiencing an energy crisis with frequent and prolonged blackouts. Despite this, the South African government this week proposed a plan to transition the economy away from fossil fuels within five years for a country that now gets 80% of its energy from coal.South Africa's course is in line with the Just Energy Transition partnership agreement with France, Germany, the UK, the US and the EU. The agreement, under which Western countries have pledged $8.8 billion to help Pretoria phase out coal more quickly, includes accelerating the closure of coal-fired power plants.However, Ramaphosa reportedly expressed his opposition to the Western stance when he did not attend a climate summit in Nairobi in early September. The leader's absence was due to a protest against "pressure from some European partners" demanding a shift away from important coal, according to Kenyan media.
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SA's Ramaphosa Calls for More Funding to Fight Climate Change
12:47 03.12.2023 (Updated: 13:15 03.12.2023) COP28 began on Thursday and runs through December 12. The summit brings together world leaders, global organizations and stakeholders to negotiate and collaborate in the fight against climate crisis.
More funding needs to be raised for countries most vulnerable to climate change, South African President Cyril Ramaphosa said at COP28.
"There can be no substitute for new, predictable, at scale and appropriate public finance to support and help developing economy countries build climate resilience. After all, many of them were not even responsible for the damage to the climate as we see it now," he said.
Among the most vulnerable and affected by the rapidly changing climate, the President identified African countries, noting that they must build resilience in the context of "historically low levels of development and severely limited capacity."
In the transcript of his statement posted on the presidential website, Ramaphosa lamented that developing countries
have borne the brunt of the negative impacts of climate change, but the commitments of developed countries are "not being met."
"It is a serious concern that commitments by countries with developed economies have not been met and very little funding has been channeled through the financial mechanism of the UNFCCC [United Nations Framework Convention on Climate Change], including the Green Climate Fund and the Adaptation Fund," the statement read.
Ramaphosa also noted the need for a "new partnership" to support countries that choose a low-emissions pathway and viable alternative livelihoods for communities currently dependent on the fossil fuel value chain.
"We need to provide a sustainable and just transition path for all and ensure that no-one is left behind," he stressed.
Earlier,
addressing the UN General Assembly in September, the South African president said that decades after the end of the "colonial exploitation of Africa’s resources," the people of the continent are "once again bearing the cost of the industrialization and development of the wealthy nations of the world."
"This is a price that the people of Africa are no longer prepared to pay," he said back then.
South Africa, one of the most developed countries on the continent, is currently experiencing an energy crisis with frequent and prolonged blackouts.
Despite this, the South African government this week proposed a plan to transition the economy away from fossil fuels within five years for a country that now gets 80% of its energy from coal.
South Africa's course is in line with the Just Energy Transition partnership agreement with France, Germany, the UK, the US and the EU. The agreement, under which Western countries have pledged $8.8 billion to help Pretoria phase out coal more quickly, includes accelerating the closure of coal-fired power plants.
However, Ramaphosa reportedly expressed his opposition to the Western stance when he did not attend a
climate summit in Nairobi in early September. The leader's absence was due to a protest against "pressure from some European partners" demanding a shift away from important coal, according to Kenyan media.
