What's Hot

    Acasia Ventures invests in Nigerian delivery platform Fez

    March 31, 2023

    DP World to develop edible oil terminal in Berbera Port

    March 30, 2023

    HouseAfrica raises USD 400,000 in funding

    March 29, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      DP World to develop edible oil terminal in Berbera Port

      March 30, 2023

      KarmSolar receives USD 3 million to develop Farafra Solar Grid

      January 11, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Free trade: Qatar and Morocco conclude second round of talks

      January 31, 2023

      Gold-for-oil: Ghana attempts to address forex pressures

      January 18, 2023

      AD Ports Group reports strong growth

      January 3, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      South Africa’s Fin acquires Thuthukani

      Banking Business Finance March 24, 2023
      Recent

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 2023

      Social investment platform InvestSky raises USD 3.4 million

      January 12, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Culture & Society

    ‘COP 27 is a critical moment for Africa’: Creecy

    October 4, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    COP 27
    COP 27 will take place in Egypt's Sharm el Sheikh this November.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    COP 27 represents a critical moment for Africa, according to South African Minister of Forestry and Fisheries and Environmental Affairs Barbara Creecy during pre-COP negotiations in DRC.

    “COP 27 is a critical moment for all of us in Africa,” said South African Minister of Forestry and Fisheries and Environmental Affairs Barbara Creecy in her opening remarks at the pre-COP 27 negotiations in the Democratic Republic of Congo on 3 October.

    COP 27 must deliver

    “Taking place on African soil, [COP 27] must deliver meaningful and substantive progress on adaptation, loss and damage and means of implementation support for African and other developing countries,” urged Minister Creecy.

    She added: “COP27 further needs to focus on supporting a people-centered, just and equitable transition in the developing world. The urgent need is to adapt now while we build resilience for the future. We can only avoid loss and minimize damage with the appropriate scale of public finance that does not exacerbate the indebtedness of Africa.”

    Ensuring that climate change resilience improves

    COP 27 must ensure that the outcome of the Global Goal on Adaptation (GGA) increases the actual resilience of the continent’s population to the adverse impacts of climate change by at least 50% by 2030 and by at least 90% by 2050. The focus must be placed on the most vulnerable people and communities to support health and well-being, food and water security and infrastructure and the built environment, as well as ecosystems and ecosystem services, argued Minister Creecy.

    “We also need an outcome on a key set of adaptation finance goals as part of the GGA, focusing on core adaptation support in a range of sectors, and also as part of the deliberations on a new collective quantified goal on finance; and present a clear roadmap to deliver on the Glasgow decision to double adaptation finance by 2025,” she said.

    Annual contributions, timing and multilateral work vital

    This roadmap, as stated in the AMCEN Dakar decisions, should include projected annual contributions, the timing of such contributions, and the multilateral institutions that will channel these resources to developing countries.

    Held on African soil for the second time, COP 27 starts in the Egyptian resort city Sharm el Sheikh from 6 to 18 November.

    Green energy programs are a major source of investment across much of the MENA region, with Egypt seeking to increase the contribution of renewable energy to its national grid by 42% by 2035.

    COP 27 Egypt environment South Africa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous Article2022 Best Countries: Nine African countries rank on list
    Next Article Greylisting: Can South Africa dodge the bullet?

    Related Posts

    Banking Business Finance

    South Africa’s Fin acquires Thuthukani

    March 24, 2023
    Business Startups

    MENA startups raise USD 760 million in February

    March 8, 2023
    Business Startups

    Hollydesk raises USD 1 million in venture debt

    February 23, 2023
    View 1 Comment

    1 Comment

    1. Pingback: Low-carbon growth trajectory urgently needed by SA, say World Bank

    Leave A Reply Cancel Reply

    LATEST STORIES

    Acasia Ventures invests in Nigerian delivery platform Fez

    March 31, 2023

    DP World to develop edible oil terminal in Berbera Port

    March 30, 2023

    HouseAfrica raises USD 400,000 in funding

    March 29, 2023

    Kenyan VC firm Factor[e] Ventures launches venture studio

    March 28, 2023

    Tibu Health closes oversubscribed pre-Series A round

    March 27, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.