As climate woes worsen, Africa’s economies suffer, UN says

The Associated Press ^ | March 15, 2023 | By WANJOHI KABUKURU

[Oldeconomybuyer]

From devastating cyclones and floods to an unrelenting drought, African countries are spending between 2% and 9% of their budgets to respond to extreme weather events, according to a report released by the United Nations on Wednesday.

A committee of experts shared the findings at the annual U.N. conference of African ministers of finance and economic planning in Addis Ababa, Ethiopia.

“Climate change is having a devastating impact on Africa’s economies, and the situation is expected to worsen in the coming years,” Antonio Pedro, the acting executive secretary of the U.N. Economic Commission for Africa told The Associated Press.

Climate change, alongside the war in Ukraine and a global economic slowdown have been identified as key factors that have led to Africa’s economic decline from a growth of 4.6% in 2021 to just 3.6% in 2022, the U.N. report said.

“Climate change has tremendous impacts in African economies and climate action is impossible without climate finance,” said Nemera Gebeyehu Mamo Ethiopia’s planning minister. “Leveraging climate finance can fight poverty and inequality in Africa.”

A pledge by rich nations to provide $100 billion a year in climate finance has not yet been fully met.

Pedro called on African countries to take matters into their own hands and raise funds by developing carbon credits, where companies and governments pay into reforestation schemes to offset their emissions.

[guest7]

"is there a meme for a primal scream !"

[guest7]

"Sounds like Texas."

They're Rioting in Africa

https://youtu.be/L8-BI89mb9A

[TLI]

“They’re Rioting in Africa”

From devastating cyclones and floods to an unrelenting drought, well, that’s what we call “weather” in Texas.

Nothing to riot about.

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