eMag – Financing for loss and damage and adaptation to climate change, what’s next after COP 27?
April 2023 - What is the fund for loss and damage created at COP 27? What remains to be done for a fair implementation adapted to the needs of actors in African countries?
Publication date: 27/04/2023
The Observatory’s Lens
The challenges of the new fund for African actors
« This may be the cause of the internal displacement of over 86 million people in Sub-saharan Africa. by 2050, and 19 million in North of Africa. «
Mélaine Assè Wassa Sama, Project Officer for Climate Action in Africa at Climate Chance, looks back at the questions raised by the creation of a new fund for loss and damage at COP27.
Special segment by Afrik 21
Climate finance, progress and and shortcomings of COP27
« The effects of loss and damage are being exacerbated in Africa. According to the UN, more than 100 million people will be threatened by climate change by 2030. »
Boris Ngounou, Afrik 21 journalist, offers a review of the news related to the funds needed to finance losses and damages on the African continent.
What remains to be done for a fair and adapted financing for loss and damage in Africa?
Perspectives of the new fund & access to climate finance
« What everyone needs to understand today is that the previous funds took a lot of time to set up, meaning that this particular fund will probably not be operational by COP28. »
Aïssatou Diagne, Senior Climate Change Officer at the West African Development Bank talks about existing funds and next steps for the operationalization of the fund created at COP27.
Fair and appropriate funding for communities’ needs
« The future funding mechanism for loss and damage must learn from the shortcomings of existing funds. It must be accessible to the communities, and oriented to repairing. »
Moumouni Compaoré, Country Advocacy Officer for Oxfam in Burkina Faso, explains the various activities carried out by his NGO to promote the implementation of loss and damage financing mechanisms in line with community needs.
Concrete consequences for small rural producers
« More than 70% of the houses are not made of permanent materials. In case of heavy rains and floods, houses collapse. »
Seydou Ouedraogo, representative of the Farmers’ Confederation of Faso, talks about the material, economic and psychological impacts that climate change can cause on agricultural contexts.