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G20:What should the South African Presidency do Differently to Secure a better Climate Financing Deal?

Simon Osuji by Simon Osuji
December 14, 2024
in Business
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G20:What should the South African Presidency do Differently to Secure a better Climate Financing Deal?
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South Africa’s leadership can aim to better connect existing sources of development and climate finance to the real socioeconomic and climate challenges faced by global south governments and citizens. South Africa’s commitment to ambitious energy transition and green development plans and quality of finance can inform proposals to push for more coordination of international donors to finance government-led climate transition agendas. Country platforms such as just energy transition partnerships – platforms through which developed nations assist developing ones with climate finance – offer the promise of making use of concessional finance and national planning to overcome countries’ political economy challenges. This makes it possible for governments to pursue ambitious projects while ensuring alignment with national needs and priorities. 

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