Africa benefits from less than 5% of global climate financing despite suffering disproportionately from climate change. There is an urgent need for developed nations to expand climate finance pledges.
Dr Philip Osano, SEI Africa Centre Director
Although Africa produces less than 4% of the world’s carbon emissions, it continues to witness some of the worst hazards of climate change, with temperatures rising faster than the global average. A 2019 World Meteorological Organization report warned that a temperature rise of 4°C relative to pre-industrial levels could reduce Africa’s GDP by up to an uncomfortable12.12%.
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