Skip to main content

COP29: Young people prevail on G20 countries to deliver climate finance

 Mission 2025, a coalition of diverse voices advocating for robust climate action, has highlighted the critical need for G20 countries to ramp up climate financing, with a focus on empowering vulnerable regions like Africa.

Speaking for Africa's youth and Indigenous populations, Joshua Amponsem, co-founder of the Green Africa Youth Organization and co-director of the Youth Climate Justice Fund, delivered an impassioned plea for climate finance.

He underscored the dire consequences of inaction. "The 1.5-degree target isn't just a number for us; it's the difference between survival and irreversible catastrophe," Amponsem declared at a press conference, emphasizing that without adequate climate finance, such targets remain hollow promises.

At COP29 in Baku, Azerbaijan, the urgency of climate finance and justice took center stage as global leaders grappled with the demands of developing nations.

For Africa, where millions already face the daily realities of climate change, COP29 outcomes and G20 decisions carry immense weight.

I see grandmothers who can no longer predict the planting seasons, children and women walking miles for water, and dreams withering like our drought-stricken crops," Amponsem painted a vivid picture of the continent’s struggles.

These stories are emblematic of a broader crisis. Climate finance, or the lack thereof, directly impacts livelihoods, from Indigenous farmers in Kenya to fisherfolk in Mozambique. Yet, the solutions are already within reach.

Amponsem highlighted the transformative work of youth-led initiatives supported by the Youth Climate Justice Fund, calling them "solutions providers, innovators, and leaders" who are ready to act with the right resources.

Mission 2025’s press conference made clear demands: G20 leaders must agree on ambitious finance goals and submit national climate plans aligned with the 1.5°C target.

Developing countries require $1.3 trillion annually to accelerate energy transitions, enhance resilience, and address loss and damage.

Amponsem urged leaders to prioritize grassroots funding.

"We need clear, accessible climate finance mechanisms that reach the grassroots level. Every delay is another community lost to floods, another forest destroyed, another generation's future compromised," he noted.

The stakes are high not only for Africa but for the entire global community.

Executive Secretary of UN Climate Change, Simon Stiell, warned that without universal action to cut emissions and build resilience, no economy will escape the impacts of global heating.

Amponsem’s final words encapsulated the spirit of Mission 2025: "Your legacy will be judged not by the promises you make but by the actions you take today. The 1.5-degree goal is not negotiable, and neither is our future."

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...