According to the OECD, climate finance from developed countries to countries of the South is insufficient
The rains are more and more violent in Uganda because of global warming and more and more often ravage poor neighborhoods.
Here in Kalerwa, on the outskirts of the Ugandan capital Kampala.
AFP PHOTO / Peter BUSOMOKE
Text by: RFI Follow
2 min
The climate finance provided by developed countries to developing countries is insufficient.
It reached $ 78.9 billion in 2018, according to an OECD report.
An amount far from the promises.
In fact, the countries of the North made a commitment, in 2009, to increase assistance to the countries of the South to 100 billion dollars by 2020.
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This is aid that should enable poor countries to adapt to the impacts of climate change and reduce their greenhouse gas emissions.
But the rich countries are slow to mobilize.
The countries of the South are the first victims of the impacts of climate change, while the countries of the North are responsible for this warming.
Their stagnation is therefore enough to make poor countries angry.
In addition, rich countries are accused of cheating.
Projects that do not concern the climate
For its part, the NGO
Oxfam
revealed that under a label of “
climate finance
” often hide projects that have very little to do with the climate: for example, if the financing of a building construction is fully accounted for, under the pretext that 'it incorporates solar panels.
Thus, according to Oxfam, barely a third of funding represents real climate assistance.
Another subject of dissatisfaction is the distribution of aid.
Just over 20% is earmarked for adaptation.
However, the consequences of climate change are disastrous for the countries of the South: droughts, fires, floods.
The needs to adapt to it are immense.
The United Nations Environment Program estimates that these needs could reach 300 billion dollars per year by 2030.
So even if the pledge of $ 100 billion in annual aid were honored, these funds would be far from sufficient.
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