Updating climate action and a green recovery in Africa
Kampala, Uganda, 28 / September / 2021 – The Economic Commission for Africa (ECA) presented a series of ambitious solutions and innovative measures to help Africa integrate climate smart actions to better progress as the continent embark on a strong agenda recovery in the event of a pandemic.
Jean Paul Adam, Director of the Technology, Climate Change and Natural Resources Division of ECA, listed the inventive and tested models during Africa Climate Week 2021, which aims to create momentum for action and consolidate the ambitions reinforced before the COP26 in Glasgow. in November.
According to Adam, green and blue investment opportunities are Africa’s best bet for economic recovery by creating an environment conducive to the achievement of the Sustainable Development Goals (SDGs) and the achievement of the objectives of the Agreement. Paris. Adam noted that Africa has the advantage of vast natural ecosystems that can be harnessed to attract more green and blue bond finance in addition to the $ 100 billion climate finance pledged to developing countries under the ‘Paris Agreement.
“Africa is catching up on green bond financing, with the continent having less than one percent of current global green bond issuance. The total green bond market stands at $ 539 billion based on 2020 estimates. At present, Africa has less than over $ 8 billion of that share. “Adam says.” It exists. an opportunity for African countries to consider the development of livelihoods linked to the rehabilitation of nature which also allows Africa to enhance its natural carbon sinks, such as the Congo Basin forest and its peatlands, and to negotiate a fair carbon price that rewards these goods. ”
With approximately 13 million square kilometers of ocean space as African territorial waters, Adam called on the continent to harness the vast opportunities arising from this anchor of the blue economy which classifies the ocean as an economic model and a point hot storage. “The oceans are a key opportunity for Africa and there is a proposal under the Convention on Biological Diversity to protect 30 percent of all marine spaces.” Adam said. “It has been shown by recent studies that the protection of marine spaces improves fishing yields. This calls for the involvement of African countries taking a more proactive stance with regard to their ocean management and marine spatial plans. The blue economy represents a huge opportunity for nature-based solutions. ”
Citing case studies on South Africa and the Democratic Republic of the Congo (DRC) undertaken jointly by ECA and the University of Oxford, Adam noted that investments in renewable energy, resilient transport and solutions based on nature should produce much better returns than maintaining status. quo investments based on fossil fuels. In RSA, the return is expected to be 250% higher in terms of decent jobs and 420% higher in terms of increasing the value of the country’s economy compared to traditional investments fueled by fossil fuels. Regarding the Democratic Republic of Congo, studies have shown that similar investments will create 130% more jobs and 280% more added value in the economy.
Adam further listed the five key pillars of the green recovery plan in Africa, namely increasing climate finance, supporting the use of renewable energies, focusing on nature-based solutions, improving climate smart agriculture and facilitating green and resilient cities.
Speaking at the event, Harsen Nyambe, Head of the Environment, Climate Change, Water and Land Management Division at the African Union (AU) Commission, called on the African Member States to implement the various existing biodiversity conservation plans.
“What is lacking in Africa is implementation. Countries have adaptation plans and even nationally determined contributions are in place among other action plans on biodiversity and climate change,” but our challenge has been the actual implementation. ” said Nyambe. “The IPCC’s Sixth Assessment Report clearly demonstrates that the window of opportunity for us to be able to tackle the climate change crisis is closing quickly on us and that in itself underscores the importance of urgent action.”
Larissa Sosthène Kouadio, technical advisor to the Ministry of Economy of Côte d’Ivoire, noted that the green recovery program offers Africa a major opportunity to rebuild and achieve a climate resilient future. “An inclusive green recovery policy will be the key to tackling societal and environmental issues in Africa.” “The green recovery is a great opportunity to seize. We have an opportunity like never before to start doing things in a new way, to learn from our mistakes and to leverage our systems to be more resilient, greener . ” said Mme Kouadio. “The road will not be easy as we will continue to fight against poverty, unemployment and demographic challenges. This transition will require funding, more funding that is difficult to mobilize through the current system. Changes must integrate funding and investment from the public and private sectors. . ”
Martha Melesse, Senior Program Specialist, Sustainable and Inclusive Economies, International Development Research Center (IDRC) called for mainstreaming gender inclusion in the Action Plan for a Green Recovery in Africa by addressing discriminatory standards, structural barriers and access. “The recovery must go beyond the status quo to ensure that lasting reforms benefit everyone. More data and evidence to guide reforms going forward.” said Mélisse. “Integrate gender into climate action in order to distribute the benefits to all.
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UNECA – United Nations Economic Commission for Africa published this content on September 29, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 01 October 2021 03:01:03 AM UTC.