PACJA faults COP28 over climate financing

NAIROBI, Kenya, Dec 11 – The Civil Society Organization, Pan African Climate Justice Alliance (PACJA), has faulted COP28 over its lack of commitment to climate financing.

PACJA says the Dubai Climate Change Conference failed to address critical issues relevant to Africa and the collective desire to tackle the climate crisis, especially adaptation as well as adaptation finance.

The civil body says that close to 70 percent of climate financing remains unresolved as the COP28 comes to a close.

”We lament the lack of a tangible outcome on the Global Goal on Adaptation and any strong commitments to “more than double” adaptation finance flows to Africa. COP28 generated a paltry $156 million in pledges for adaptation finance, compared to Billions of Dollars pledged for mitigation-centric initiatives,” PACJA said in a statement.

“But this falls short of the pledges made in Glasgow to double adaptation finance to $40 billion annually. Adaptation remains the single most important priority for Africa because of the disproportionate levels of vulnerabilities and adverse impacts on its populations and economies.”

It maintains that business interests have sidestepped the imperative of keeping the mean global temperature rise below 1.5 degrees Celsius and creating a resilient globe, especially for communities on the frontlines of the climate crisis.

PACJA wants developed countries to be transparent and accountable in demonstrating their contributions to the loss and damage kitty, as they are the major polluters.

The West had pledged USD 100 billion to fulfill its climate finance commitments.

PACJA is a network of more than 1000 organizations drawn from 48 countries in Africa and champions of climate financing for Africa.

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It is based in Kenya and consists of NGOs, grassroots organizations, trusts, foundations, indigenous communities, farmers, community-based organizations, and religious organizations.

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