African nations call for more climate financing before start of Cop27 summit – The National

African nations call for more climate financing before start of Cop27 summit – The National

African ministers who met in Cairo two months before the start of the Cop27 climate summit have called for a sharp expansion of climate financing for their continent while pushing back against an abrupt move away from fossil fuels.

Egypt, an oil and gas producer considered highly vulnerable to climate change, has positioned itself as a champion for African interests as it prepares to host the summit in Sharm El Sheikh in November.

A communique released on Friday — after a three-day forum for finance, economy and environment ministers — said Africa benefitted from less than 5.5 per cent of global climate financing despite having a low carbon footprint and suffering disproportionately from climate change.