Moroto, Uganda | THE INDEPENDENT | Women and youth in the Karamoja sub-region have been urged to lead in the fight against climate change. The National Development Plan III and Vision 2040 recognizes that climate change adaptation is vital to increasing household incomes and improving the equality of life of …
Read More »Absa Group concludes agreements with MIGA to advance pan African climate finance
Johannesburg, South Africa | THE INDEPENDENT | Absa Group Ltd, one of the largest diversified financial service providers in Africa, has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African climate finance projects. …
Read More »The 1.5°C target for global warming must prevail
Yet there is just 12% chance of staying below it even if governments meet all their climate pledges COMMENT | JOERI ROGELJ | The world is burning, and our political leaders are failing us. With temperatures rising at an alarming rate, it seems that anyone who believes it is still possible …
Read More »Balancing climate financing and taming rising debt, gov’t dilemma
Kampala, Uganda | THE INDEPENDENT | Amidst global calls on governments to increase funding for climate activities, Uganda is torn between allocating more of her resources to the cause and keeping the national debt levels in check. According to Uganda’s Nationally Determined Contributions as updated, in fulfilment of Article 4 of …
Read More »Experts validate guidelines for mainstreaming climate change finance in Uganda
Kampala, Uganda | THE INDEPENDENT | Financial sector experts have validated draft guidelines requiring the industry to integrate climate finance into their operations to enable Uganda to mitigate its vulnerability to human-induced climate change impacts and risks by 2030. The guidelines illustrate steps for mainstreaming climate change in the financial sector …
Read More »Rwanda gets 268 mln U.S. dollars in IMF funding to respond to climate shocks
KIGALI, RWANDA | Xinhua | Rwanda has secured 268 million U.S. dollars from the International Monetary Fund (IMF) to confront climate shocks, the Ministry of Finance said on Friday. The funding, approved on Thursday under the new Standby Credit Facility, will also be used to boost balance of payments, the …
Read More »What next for oil and gas after COP28?
NEWS ANALYSIS | THE INDEPENDENT | Researchers in energy say the just-ended UN Climate Summit will be remembered as one of the most important moments in the UNI fight against Climate Change. They have indicated it was quite decisive because of the historical results with a wave of new deals …
Read More »COP28 agrees to end the fossil fuels era
Dubai, UAE | THE INDEPENDENT | The United Nations Climate Change Conference (COP28) closed on Wednesday with an agreement that signals the “beginning of the end” of the fossil fuel era. Delegates from over 190 countries who have been meeting for the last two weeks, finally agreed on a text …
Read More »Loss and Damage as a common climate cause
People are already losing their homes, livelihoods, and lives to the effects of climate change COMMENT | NAVEEDA KHAN | As this year’s United Nations Climate Change Conference (COP28) starts, those leading it continue to inspire concern and even indignation. After all, the host will be the United Arab Emirates, among …
Read More »COP28: Countries endorse declaration on food systems and climate change
Dubai, UAE | THE INDEPENDENT | Leaders of more than 130 nations have endorsed the UAE Declaration on Sustainable Agriculture, Resilient Food Systems, and Climate Action. In September 2021, UN Secretary-General, António Guterres convened the UN Food Systems Summit following evidence that food systems are one of the main reasons the world is …
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