At COP26 in Glasgow, developed countries agreed to double the 2019 adaptation finance to $40bn by 2025. And now at COP27, they seem to have begun making good on their promise.
“Africa’s needs must be expressly recognised because the continent has done the least to cause climate change and yet our people especially our youths are suffering its impacts the most,” he said.“Nobody benefits if Africa fails to tackle it.
“We have money but there are no bankable projects. We all need to mobilise our capacities to support countries to prepare those bankable projects in adaptation in order to guarantee that the financial resources available can be effectively utilised.” James Murombedzi, officer-in-chief, African Climate Policy Centre, said fund delivery is the real test of the pledges made by developed countries.
Isabel Zou Tem, a Cameroonian delegate, said Africa battles bottlenecks in attempts to access financing, adding that the continent should not be made to lobby so much.
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