EconomyWorld

Africa holds its inaugural G20 summit, urging wealthier nations to take greater action against climate emergencies.

Share
Share

South Africa is poised to host the inaugural G20 summit on African soil in Johannesburg this weekend, marking a significant milestone for the continent. The summit’s primary focus will be the disproportionate impact of climate change on developing nations and the urgent need for increased support from wealthier countries and international financial institutions.

In the township of Alexandra, efforts are being made to combat the adverse effects of climate change, exemplified by the work of the Alexandra Water Warriors. These volunteers engage in initiatives like planting native trees to alleviate urban heat and recycling trash from the Jukskei River, showcasing grassroots resilience in confronting environmental challenges.

  Ethiopia’s Hayli Gubbi Volcano Erupts After 10,000 Years; Large Ash Cloud Moves Toward India

Despite such local initiatives, South Africa grapples with severe climate-induced disasters. Floods in the Eastern Cape in June resulted in over 100 deaths, a tragedy exacerbated by inadequate housing and crumbling infrastructure. An Amnesty International report highlights that around 5 million people living in informal settlements lack essential services, increasing their vulnerability to climate-related disasters.

The upcoming summit aims to address these pressing challenges, with South Africa calling on developed nations to honor their climate financing commitments. Although agreements have been made in the past, funding levels remain woefully inadequate to tackle the significant financial need for combating climate change. Furthermore, the absence of the United States from the summit, due to diplomatic tensions, may complicate consensus-building efforts.

  Pope Leo XIV denounces violence in African country following hospital assault.

Additionally, the G20 summit will discuss debt relief for developing nations, with recommendations for new debt refinancing initiatives. Experts advocate collaboration between the G20 and the International Monetary Fund to provide more affordable financial solutions, such as debt swaps, to alleviate the burdens faced by low-income countries.

Overall, the Johannesburg summit serves as a crucial platform for advocating equitable solutions to the global challenges of climate change and economic disparities.

Share
Written by
QncNews

Covering Entertainment, Politics, World News, Sport News, Crimes, Conflict, Metro, Economy & Business News

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
World

Ethiopia’s Hayli Gubbi Volcano Erupts After 10,000 Years; Large Ash Cloud Moves Toward India

Ethiopia’s Hayli Gubbi volcano erupted after being dormant for over 10,000 years,...

World

U.S. Declares Select Muslim Brotherhood Factions as Global Terror Threats

On Monday, President Donald Trump formally labeled specific branches of the Muslim...

Economy

AWS and Humain to Place 150,000 AI Chips in Riyadh “AI Zone

Amazon Web Services (AWS) and Saudi partner Humain will install about 150,000...

Economy

Verizon and AWS Link Fiber and Cloud to Bring AI Tools to Small Firms

Verizon Business and Amazon Web Services (AWS) have formed a new deal...