African Leaders to Ask For $67 Billion per Year in Climate Change Mitigation Funds
photo: red hand records via flickr
There's no doubt that Africa is really going to get whacked by climate change, and has perhaps the lowest financial resources for mitigation and adaptation efforts -- something which leaders of ten African nations have now put a price tag on. Meeting at African Union headquarters, they have drafted a resolution (at which Reuters has gotten a peek) that will ask rich nations for an additional $67 billion per year in aid:Considering that the poorest countries of the world will bear 90% of the social and economic burden of the planet's changing climate, it seems a good deal compensation/aid is the right thing to do.
However, the African Union will still have to approve the draft resolution but the hope is that by presenting a unified front the request will have a greater chance of success.
The draft document says,
The negotiating team need to be backed with the political weight at the highest level in the continent to ensure that the African voice on climate change negotiations is taken with the seriousness it deserves.
Developing Nations Make Case for Climate Change Funds
In case you have been paying attention, similar requests for climate change mitigation aid have been coming in over the past couple of months from developing nations. In fact Bangladesh recently got $19 million from the US and Germany for forestry projects, done at least partially in the name of combatting climate change.
That said, between reluctance to fully acknowledge responsibility for climate change on the part of many rich nations, and genuine concerns about accountability in terms of that money going to genuine climate change mitigation projects and not just being siphoned off into corrupt political pockets, I'd be surprised if even half of that additional $67 billion per year gets donated.
Africa, Climate Change
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$10 Billion for Climate Change Adaptation Assistance to Poor Nations a "Good Beginning": UN Top Climate Official