African leaders propose for new global taxes to fund climate change action

By Our Reporter

6^th Sept 2023

African leaders have issued a declaration proposing new taxes across the world to fund action against climate change.

The Nairobi Declaration was issued at the end of the three-day Africa Climate Summit in the Kenyan capital.

The heads of state say the declaration will form the basis of their negotiating position at November’s COP28 summit in Dubai.

Researchers say that despite suffering from some of the worst impacts of climate change, the continent only receives about 12% of the financing it needs.

Dr. Sultan Al Jaber the President of the upcoming UN Climate Change Conference (COP28) in Dubai says the World is already off track in securing the goals of the Paris Climate Change Agreement requiring limiting global warming to 1.5°C.

At COP 21 in Paris, on 12 December 2015, Parties to the UNFCCC reached a landmark agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.

At COP15 in 2009, developed countries committed to a collective goal of mobilizing USD 100 billion per year by 2020 to support climate action in developing countries, but low progress has been achieved to the effect.

The Paris Agreement’s central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.

Speaking at the ongoing Africa Climate Summit, Dr. Sultan Al Jaber said the leaders must admit that they are not delivering the results they need.

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