South Africa's G20 Presidency to Prioritise Climate Finance
South Africa's G20 presidency this year will prioritise efforts to help developing countries finance their shift to a low-carbon economy, President Cyril Ramaphosa said, even as the United States radically scales back its support. The push for more climate finance is necessary to limit global temperature rise in line with the goals of the Paris Agreement and ensure equitable and just outcomes. Despite South Africa's efforts to secure funding through Just Energy Transition Partnerships, concerns remain about the impact of reduced US aid programs.
- The global community's ability to address climate change may be severely hampered if key donor countries such as the US are unwilling or unable to provide significant financial support.
- How can developed nations reconcile their desire to reduce greenhouse gas emissions with their responsibility to ensure that less affluent nations have access to the same low-carbon technologies and financing?