Economy
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Africa cannot wait on climate finance. We need a global shipping levy now
If done justly and equitably, a shipping levy – to be finalised in April – could provide a lifeline for urgent climate action. 2025 ... -
How Africa can make demand for its mineral wealth a race to the top
Without a collective vision and commitment to transparency, Africa’s vast mineral resources may only benefit the Global North. This week, the Mining Indaba begins ... -
Two decades on, Africa’s agricultural vision remains unfulfilled
While CAADP has led to some positives, its top-down approach has undermined its urgent transformative potential. In 2003, the Comprehensive Africa Agriculture Development Programme ... -
Locally led, globally backed: The need to redefine adaptation finance
Adaptation finance for Africa is falling dangerously short, both in quantity and quality. COP29 did little to help. Over the past century, temperatures in ... -
With the world at a crossroads, robust IDA is more critical than ever
Low-cost financing is not just a lifeline for low-income countries but the world’s collective future in a time of uncertainty. As the International Development ... -
“Continuously opposed”: Global South vexed at what went unsaid at COP29
In Baku, developed countries managed to prevent comprehensive discussions of unilateral trade measures. They can only delay for so long. For the first time ... -
COP29 opened carbon markets to cowboys when a sheriff is needed
Under the new carbon markets framework agreed in Baku, countries face no real repercussions if they fail to abide by the rules. At the ... -
COP29: Why Africa’s $1.3 trillion climate goal makes perfect sense
Global leaders should keep in mind that the benefits of climate financing far outweigh the costs of implementing them. Climate events can turn on ... -
Fudged figures, gas, and debt: Digging into MDBs’ “climate finance”
Half of all Multilateral Development Banks’ climate finance goes to Europe. Just 4% is grants. We don’t just need more but better climate finance. ... -
The real “gift from God”: Why the Africa Energy Bank is a bad idea
A coalition of African oil-producers is set to launch a $5bn oil bank. This is not just environmentally but economically misguided. In his address ...
