Those that are the most vulnerable to the effects of climate change are also those that contribute the least. Research carried out by the UNFCCC, have shown that Africa contributes only 3.8% of the world’s greenhouse gas emissions, and many of these countries have updated and submitted their first and second Nationally Determined Contributions (NDCs).
Reports have claimed that Africa will experience the highest amounts of warming worldwide, meaning they are more likely to suffer from rising sea levels, precipitation changes and an increase in extreme weather conditions.
These effects will also have detrimental impacts on Africa’s agriculture sector, affecting the continent’s GDP, employment rate and food security.
In order for the continent to implement their (NDCs) it needs US $3 trillion to mitigate and adapt.
The aim of the initiative is to help shape the process of the planning and design of economic policies to factor in climate change and its impacts. As well as mitigation, adaption and identify gaps in support.
Guidelines, criteria and policy advice to help carry out the NDCs will be proposed, to help increase sustainable development and eradicate poverty.
Those that are members of the initiative are encouraged to line their economic policies with low emissions development, climate resilience, whilst considering their capabilities and circumstances.
The initiative will consider the challenges caused by the climate, natural disasters and the COVID-19 pandemic. They also want to promote sustainable and climate sensitive recovery, and that this is integrated into the different stages of the economic policies.
- Increase green projects by 30% by 2030
- Develop a system to monitor the allocation of resources to climate sensitive projects
- Establish “a capacity building hub” and a “knowledge sharing platform”
- Advocate for greening national investment plans and develop tools for this
- Develop institutional framework
- Incentivise and raise awareness for green and climate-sensitive public-private- partnerships (PPPs)