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I thank the
In that context, it is clear that we need a breakthrough on adaptation. I would like to highlight five imperatives for that to be possible.
First, I have asked all
Second, I am calling on all Governments and businesses to integrate climate risks into policies and investment decisions, including budget and procurement. Developing countries must be furnished with the tools and means to achieve this. Accurate and up-to-date risk information is the critical first step for effective risk management.
Third, we must scale up catastrophe-triggered financial instruments, such as risk pooling mechanisms. The Africa Risk Capacity merits more investment.
Fourth, bilateral and multilateral partners must scale up support to regional adaptation and resilience initiatives, such as the Great Green Wall Initiative and the Sahel and Congo Basin Commissions.
Fifth and finally, I ask that by
African countries continue to contribute little to global emissions, so deep is the continent's energy poverty. Yet
The COVID-19 pandemic has reminded us that we cannot afford to ignore known risks. We need large-scale, risk-informed, preventive and systematic adaptation efforts to protect people and communities, and to build a high-resilience future.
Yet, one in three people are not adequately covered by early warning systems. Global coverage, along with sustainable infrastructure and other steps, can give the world a double dividend — avoiding future losses and generating economic gains.
I continue to call on the Group of 20 (
I am also urging all countries to align their COVID-19 recovery packages with the
The current model is not delivering. Market dynamics have changed profoundly. In 2020, funding for renewables and energy efficiency was four times greater than for fossil energy. Renewable energy solutions employ more than 10,000 formal workers in
The old models of development and energy use have failed to provide universal energy access to Africans. Hundreds of millions of people still struggle every day because they lack reliable and affordable access to electricity or are cooking with polluting and harmful fuels.
We can provide universal access to energy in
A just energy transition for
But we face a major finance gap. Fourteen per cent of the world's population lives in sub-Saharan Africa, yet only 3 per cent of global climate finance flows into the region. The
Developed countries and main financers must ensure a swift shift of the billions needed to support African green investments, increase resilience and create the conditions for scaled-up private finance. The private sector must step up and get organized to provide immediate, concrete solutions to Governments. Local authorities can work with unions and community leaders on reskilling and social security nets.
African nations can lead the way by embedding ambitious adaptation and mitigation plans in their updated nationally determined contributions. But first they need to regain their fiscal autonomy.
At the High-Level Event on Debt and Liquidity convened last week, I reiterated my call for an extended moratorium on debt payments, targeted debt relief or cancellation where appropriate and reform of the international debt architecture. We need to make sure that the special drawing rights already made available by some countries, or that are soon to be issued, will be applied, providing effective support to the African continent's sustainable and inclusive recovery.
As the continent that has contributed least to the climate crisis,
You can count on my full mobilization. The