This year, COP 29 will be hosted by Azerbaijan in Baku city. It takes place at a time when Africa is compounded by multiple crises of climate crisis, hunger, economic vulnerability, growing debt and uncertain financial flows to meet the continents urgent needs. It is happening at a time when Africa’s confidence in the willingness of the global communities to address the climate crisis is quickly fading away. Scientists warn that we are staring at a time bomb that will explode if we don’t decisively cut down our greenhouse gas emissions by 43% by 2030 to keep the 1.5 degrees Celsius goal alive. Equally, climate finance is needed at speed and scale to enable communities in the immediate run to adapt to climate change impacts. With more frequent and intense heat waves, droughts, floods, storms, and wildfires under all emission scenarios as predicted under the IPCC Arc6 report, Africa will experience climate-related losses and damages beyond the coping capacities of the already vulnerable and struggling economies and communities. It’s therefore crucial to provide urgent finance specifically dedicated to adaptation, loss, and damage to help countries prepare for future displacement, livelihood disruption, and losses.
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