GRAY MAGUIRE: Securing climate funding front of mind for SA’s COP26 delegation

GRAY MAGUIRE: Securing climate funding front of mind for SA’s COP26 delegation

2021-10-26 06:49:00 PM

GRAY MAGUIRE: Securing climate funding front of mind for SA’s COP26 delegation

Participants also need to ensure stability in the nascent carbon offset market, writes Gray Maguire

26 October 2021 - 15:10On Monday the UK, Germany and Canada announced a Climate Finance Delivery Plan to lay out how the developed world will make good on its 2009 commitment to mobilise $100bn per year in climate finance to the developing world by 2020. The timing is critical as the failure to meet climate finance commitments has justifiably eroded the confidence of developing countries to engage in new concessional finance agreements when existing obligations are not being met.

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In a recent survey by the Organisation for Economic Co-operation & Development only multilateral institutions were found to be increasing their support, while bilateral public climate finance as well as private finance sources have decreased. This highlights a pressing issue that will be front of mind for the SA delegation as it enters the negotiations: how to position SA so as to maximise investment appeal...

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LIVESTREAM: Police Minister testifies at SAHRC hearings

The Human Rights Commission hearings into the July unrest continues on Friday.

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WATCH | Make the right choices to meet SA’s climate challengesSPONSORED | Climate change is real, and social, energy and climate issues are interconnected. But what needs to be done in SA? Watch an expert panel discuss this topic at a recent SanlamInvest Critical Conversations event.

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