Building capacity to help Africa trade better

tralac Daily News


tralac Daily News

tralac Daily News

White Paper on electric vehicles released (SAnews)

Trade, Industry and Competition Minister Ebrahim Patel has released a White Paper that outlines a comprehensive electric vehicle (EV) roadmap for South Africa and the structure of a suite of policy interventions tailored to the automotive industry. “It is a product of constructive engagement with stakeholders, including within government, industry and labour, to chart a viable and sustainable transition path for the industry,” Patel said on Monday.

At a media briefing in Pretoria, Patel said the primary goal of the White Paper is to set a course to transition the auto industry from primarily producing Internal Combustion Engine (ICE) vehicles to a dual platform that includes EVs in the production and consumption mix, alongside ICE vehicles in South Africa by 2035. “This vision is aligned with the foundational objectives outlined in the SAAM, a strategic framework implemented from 2021 to shape the nation’s automotive industry,” Patel said.

Patel explained that it also aligns with changing demand in export markets and South Africa’s commitment to reducing greenhouse gases.

Creecy launches SA’s R1.5 trillion green energy transition plan (City Press)

Border authority increases staff, hours for festive season influx (The Mail & Guardian)

Extended operating hours, the deployment of 380 additional personnel and generators at South Africa’s busiest ports of entry are part of the Border Management Authority’s (BMA) strategy to deal with managing the “legitimate” movement of people and goods into the country over the festive season. During a media briefing on Sunday, BMA commissioner Michael Masiapato said that the authority and its partners had developed a comprehensive festive period plan to deal with an expected six million people who would move through the country’s ports of entry. South Africa has 72 ports of entry, 53 by land, nine seaports and 10 entries for aviation.

Ethio-Djibouti Railway freight volume surge (Ethiopian Press)

Ethio-Djibouti Railway Share Company (EDR) stated that its capacity in terms of cargo and passengers transportation has shown close to 40% annual growth. Speaking to the Ethiopian Press Agency (EPA), Company Chief Executive Officer Abdi Zenebe (PhD) said that the rail freight and passengers transportation capacity have been registering a remarkable growth of 35%-40% per annum. The CEO further remarked that the rail service has reached its transport capacity of exceeding 2 million tons of cargo, he said, adding that preparations are underway to increase the number of railway stations keeping the existing 20 ones intact.

The corporate, which commenced service five years ago, has been contributing a lot to the trade facilitation and foreign exchange reduction, EPA learnt. He said: “Currently, rail transport is playing a pivotal role in strengthening regional connectivity and stabilizing the country’s economy. Besides, capacity building activities have been putting in place with two giant Chinese contractors to boost the rail transport capacity.” “Preparations are underway to increase the capacity of the rail service from 2 million tons to 4 million,” he added.

‘Where Is Our Future’: Uganda Declares War On Used Clothing (Barron’s)

For nearly three decades, the chaotic, overcrowded Owino secondhand market in Uganda’s capital has been the cornerstone of Hadija Nakimuli’s life, helping the widowed shopkeeper build a house and raise 12 children. But a potential government ban on the sale of used clothing threatens to sever this crucial lifeline for Nakimuli and tens of thousands of vendors like her.

“Other than students, my clients include ministers (and) members of parliament who call me to deliver clothes to their air-conditioned offices,” said Joseph Barimugaya, whose stall stocks menswear. “This trade should not be tampered with. Everyone benefits, including the government, which gets taxes,” the father of four told AFP.

“Everyone is into secondhand clothes. Only few people in Uganda can afford new clothes,” said Allan Zavuga, retail manager of Think Twice, which employs 30 staff across three branches in the country. “Banning it in Uganda is doing a disservice to the population and also the country at large,” he said, pointing out the environmental cost of producing new clothing instead of reusing items. East Africa imports about an eighth of the world’s used clothing, providing jobs for some 355,000 people who earn $230 million a year, according to a 2017 study by the US government’s aid agency, USAID. But the sector has also been a longstanding sore point for governments in Africa, who say the cast-offs harm the domestic textile industry.

Rwanda Climate Finance Partnership Powers Innovative Climate Action (IMF)

The Rwanda Climate Finance Partnership, which was launched at the Paris Summit for a New Global Financing Pact, will further power innovative climate action thanks to additional contributions from the Government of Rwanda.

The Rwanda Climate Finance Partnership aims to facilitate public-private partnerships to scale-up climate finance and has been made possible by the country’s Resilience and Sustainability Facility (RSF) arrangement with the International Monetary Fund. It is expected that the IMF will disburse an additional USD 48.5 million in budget support following the approval of Rwanda’s second review of the RSF arrangement by the IMF Executive Board in mid-December. To further demonstrate commitment to its RSF-supported climate agenda, the Government of Rwanda also announced two additional reform measures supported by the RSF, related to: (i) enhanced risk analysis of State-Owned Enterprises and Public-Private Partnerships that are vulnerable to climate change, and (ii) adopting a green taxonomy adapted to Rwanda’s NDC climate action plan.

Mainstreaming Climate Change into Mozambique’s Planning is Key to Building a Resilient Economy (World Bank)

Climate change impacts could drive up to 1.6 million additional people into poverty by 2050, further compounding drivers of fragility across most of the country, notes the World Bank Country Climate and Development Report (CCDR) for Mozambique, released today. This report evaluates how climate change and global decarbonization might impact the people of Mozambique and the country’s development in the next decades and suggests ways to respond.

The report outlines four priorities to boost climate adaptation, build resilience, and foster low-carbon growth in a context of tight fiscal space: (I) adopting economy-wide measures to enhance the country’s capacity to adapt to climate change, (II) prioritizing critical infrastructure development and management, (III) protecting the most vulnerable while promoting green, resilient, and inclusive growth, and (IV) leveraging Mozambique’s energy and mineral wealth.

Trade expert credits Nigeria’s non-oil exports for trade surplus with US (Businessday NG)

Titus Olowokere, President of the US-Africa Trade Council, elaborated on Nigeria’s favourable trade balance with the US, attributing this notable shift to the surge in non-oil exports. During an exclusive interview with BusinessDay on Wednesday, Olowokere underscored the significance of this transformation in trade dynamics. In 2022, Nigeria’s exports to the US surpassed US exports to Nigeria by $5.4 billion, marking the first time in over a decade that Africa’s largest economy experienced a trade surplus.

This monumental shift signifies a remarkable evolution in their trade relationship, potentially opening new avenues for economic growth and stability. “The key driver to this shift in the balance of trade is the growth of the non-oil sector,” Olowokere said. “Before now, when oil was the mainstay of the economy, attention shifted away from the non-oil sector.” The head of the US-Africa Trade Council highlighted that the oil and gas sector’s underutilization, plagued by systemic corruption, hindered the full potential of crude oil.

Nigeria must open its market to West Africa – Okudzeto Ablakwa (MyJoyOnline)

The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has implored Nigeria to amend its import restriction policy and open its market to the rest of West Africa. He said Nigeria being the leading market in the sub-region, has a significant role to play in the intro-trade agenda being pushed, following the implementation of the African Continental Free Trade Area.

Speaking at the 2nd Volta Young Entrepreneurs Summit in Ho, the ranking Member of the Parliamentary Foreign Affairs Committee asserted that Nigeria’s stance is detrimental to the continent’s economic emancipation agenda.

“They concede that they can be more outward-looking. They have been too comfortable inward-looking, and very protective. They feel that they have the numbers, we don’t really need the others. At a time when we are talking about AfCFTA, increasing trade among ourselves, look at the tall list of items that Nigeria is protecting that even West African neighbors cannot trade with their Nigerian counterparts”, he said.

Standards excluding SMEs from export market (The Star)

Failure to understand and meet set product and service standards continues to lock out Small and Medium Enterprises from lucrative deals in intra-regional trade, according to experts. This coupled with other tariff and non-tariff barriers including lack of access to information on trade regulations, is being blamed for curtailing the small and medium businesses from participating in cross border trade.

According to the African Organisation for Standardisation (ARSO) and the East African Business Council (EABC), SMEs could also lose out in the 1.2 billion African Continental Free Trade Area (market) unless the challenges are addressed. SMEs account for up to 80 per cent of businesses in the region, creating up to 60 per cent of jobs and contributing about 50 per cent of the region’s GDP.

Small businesses have been struggling to comply measures such as sanitary standards, protection of public health, environment and phytosanitary measures and technical regulations, which not only lock them from regional markets, but also lucrative international markets mainly in the European Union. “We need to start having good agricultural practices...good manufacturing practices, before we even think of taking our products to the market,” ARSO Secretary General Hermogene Nsengimana said.

Experts to review AfCFTA-Anchored Pharma Initiative’s Pooled Procurement Mechanism and its legal instrument (UNECA)

The United Nations Economic Commission for Africa (ECA) will, on December 5 to 7, 2023, convene a three-day Expert Group Meeting (EGM) of the AfCFTA-Anchored Pharma Initiative’s pooled procurement pillar of essential Sexual, Reproduction, Maternal, Newborn, Child Health (SRMNCH) products, in Addis Ababa, Ethiopia. The meeting will focus on the technical review of a Centralized Pooled Procurement Mechanism (CPPM) and its accompanying Legal Instrument.

This high-level meeting will comprise senior governmental officials and technical experts from 10 pilot Member States – Ethiopia, Kenya, Djibouti, Eritrea, Mauritius, Madagascar, Comoros, Rwanda, Seychelles and Sudan, along with technical experts from ECA, and development partners. The meeting aims to achieve consensus on the pooled procurement framework and its legal instrument. The deliberations and decisions from the EGM will guide the roadmap for establishment of the mechanism and its legal instrument for endorsement and signature at the proposed Ministerial Meeting scheduled for the first quarter of 2024.

ECA discusses African Middle Income Countries’ challenges and solutions to accelerate sustainable growth despite obstacles (UNECA)

The ECA Office for North Africa, in partnership with the Moroccan Ministry of Foreign Affairs, African Cooperation and Expatriates, held on Tuesday, November 28 a webinar on: “Addressing Gaps and Challenges in Africa’s Middle-Income Countries.” The meeting took place in preparation for the international conference on middle-income countries scheduled in Marrakech on 5-6 February 2024 and scheduled to be jointly organized by Morocco in its capacity as Chair of the like-minded group for Middle-Income Countries, ECA and UNDP.

The webinar provided policymakers, development practitioners, and academics with a platform to share their experiences and views on two critical challenges that African Middle Income Countries (MICs) are currently facing: 1) The issue of strengthening human capital, given that the lack of human capital is a key aspect of the middle-income trap. 2) The overwhelming public debt issue

pdf Africa’s quarterly economic performance and outlook July-September 2023 (1019 KB) (UNECA)

Are debt-for-nature swaps a viable solution for addressing the triple crises of debt, climate finance and nature conservation in Africa?

Many African countries are among the world’s most vulnerable to changes in ecological and climatic conditions. Moreover, nearly all countries of the continent are currently heavily indebted. They are thus caught in a vicious cycle: debt servicing reduces the fiscal space available for investments in climate change adaptation and mitigation or to address environmental degradation. Debt-for-nature and climate swaps allow countries with valuable biodiversity to charge others for its protection and provision as a global public good. Therefore, they could attract new funds or stakeholders and even generate additional revenue for these countries. However, despite their great potential, debt-for-nature and climate swaps remain, for the moment, a niche instrument in the financial market.

Accelerating middle-income countries’ progress towards sustainable development (UN)

Middle-income countries (MICs) are those whose incomes per capita lie between the levels used to define low- and high- income countries, with thresholds established by the World Bank. As of 1 July 2023, the group comprises 108 countries with a gross national income per capita of between $1,136 and $13,845. Together, MICs account for about 30 per cent of global GDP and make up 75 per cent of the world’s population, including 60 per cent of the world’s poor.

This UN DESA policy brief reviews current and longer-term challenges of MICs to achieve sustainable development; possible pathways to emerge from these challenges; and international development support for MICs. It puts forward recommendations for policy action at the national and international levels.

Members agree on draft MC13 decision on small economies’ integration into trading system (WTO)

WTO members agreed on 1 December 2023 on a draft decision to be submitted to trade ministers for approval at the 13th Ministerial Conference (MC13) in February 2024 to help further the integration of small economies into the world trading system. Adopted at a meeting of the Committee on Trade and Development’s Dedicated Session on Small Economies, it is the first draft decision for MC13 where consensus has been forged.

Submitted by the WTO’s Group of Small, Vulnerable Economies (SVEs), the draft decision calls for WTO members to address the issue of integrating small economies into the multilateral trading system by looking into issues such as the impact of non-tariff measures on trade costs, the link between trade policies and climate change adaptation, global supply chains, e-commerce and digital ecosystems.

COP28 updates

COP28 President recaps key wins from first four days of COP28.

COP28 has mobilized over $57 billion in the first four days to support priorities across the global climate agenda, setting the pace for a new era in climate. Eight new declarations have been announced that will help transform every major system of the global economy, including the first ever declarations on food systems transformation and Major declarations were also made on renewable energy and efficiency, as well as initiatives to decarbonize heavy emitting. The COP28 Presidency is the first to actively call on parties to come forward with language on all fossil fuels for the negotiated

Visit our COP28 Resources page for more info.

AfCFTA – an opportunity to pursue climate policies: Melaku Desta (UNECA)

“As we strive to harness the potential of the AfCFTA, it is essential that we do so in a manner that safeguards our natural ecosystem, promotes renewable energy and mitigates the impact of climate change” Mr. Claver Gatete, Executive Secretary of the United Nations Economic Commission of for Africa (ECA) has said in remarks made on his behalf by Melaku Desta, Coordinator of the ECA’s Africa Trade Policy Centre (ATPC) at a COP 28 side event themed: “Africa’s Trade and Green Transition: A Continentally Coordinated Approach.”

Mr. Desta said ECA and Centre d’Etudes Prospectives et d’Informations Internationales (CEPII) conducted a study - Greening the African Continental Free Trade Area Agreement’s Implementation - with a view to shedding light on important findings regarding the implementation of the AfCFTA Agreement and parallel adoption of climate policies. It examines how the implementation of AfCFTA agreement can be aligned with green principles, renewable practices and low carbon strategies.

COP28 ushers in a new era of trade-climate synergy: AfCFTA’s Sectary-General (ZAWYA)

Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), stated that COP28 is the strongest edition in terms of representing the global trade sector. He emphasised that this is the first time the sector has been strongly represented at COP, acknowledging the importance of inclusivity in addressing climate challenges and maintaining trade that supports climate goals.

Speaking to the Emirates News Agency (WAM) on the sidelines of COP28’s fifth day, he said, “For the first time, there’s an appreciation for the link between trade, climate change, and the need for environmentally friendly trade.” He stressed the importance of integrating renewable energy into the trading system. Mene affirmed that this is a positive message for everyone as discussions about transitioning the global economy to sustainability gather pace in the coming decades. He pointed out that trade, alongside other sectors, can positively contribute to strengthening sustainability and environmental protection, highlighting various approaches to achieve this.

He mentioned that shipping and transportation can become sustainable and environmentally friendly by using either sustainable fuels or adopting electric vehicles. He noted that several African countries possess rich lithium resources, a key component in electric vehicle batteries.

African leaders urge robust financing for continent’s climate adaptation (AfDB)

Global leaders attending this year’s global climate change conference in Dubai on Friday urged a more global response to the continent’s adaptation financing needs to tackle the impact of climate change and build resilience.

Speaking during the Adaptation Finance Summit for Africa on the second day of the COP28, the leaders said climate adaptation funding, currently at 39% of all climate finance flows to Africa, must rapidly increase.

In his remarks, the President of the African Development Bank Group, Dr Akinwumi Adesina, highlighted initiatives by the institution in response to the climate adaptation needs of Africa, including the launch of a Climate Action Window to mobilise up to $14 billion to support adaptation for 37 low-income countries.

African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa (AfDB)

The African Development Bank Group has presented its planned $1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts of climate change. The facility was widely praised by the World Food Programme (WFP), development agencies, insurance companies and the private sector during a side event at COP28 in Dubai.

African Development Bank President Dr Akinwumi Adesina said the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) aims to mobilise $1 billion of concessionary financing, high-risk capital and grants to support the African insurance industry. The Facility is designed to protect farmers and countries against catastrophic weather-related events and to stimulate private sector investment in agriculture by mitigating risks.

Adesina said over 97% of farmers in Africa do not have agricultural insurance. “Their only insurance is to pray… when they plant that it will rain. Pray when they harvest that there will not be rains or pest devastation and pray when they market their crops that prices will not collapse.”

COP28 must be a ‘game changer’ for agrifood systems, FAO Director-General urges (FAO)

Agrifood systems solutions deliver triple wins for climate, people and nature, the Director-General of the Food and Agriculture Organization of the United Nations QU Dongyu told a high-level event this Saturday at the UN Climate Conference COP28 in Dubai. “We are at an important moment in COP history. We have agrifood systems at the top of COP. It is a turning point…use this COP28 to work together in relevant partnerships and make it a ‘game changer’”, he told participants urging nations to walk the talk.

Reiterating his message to world leaders at the World Climate Action Summit, Qu underscored that achieving the 2030 Agenda and the SDGs is only possible by transforming agrifood systems to be more efficient, more inclusive, more resilient and more sustainable. He added that a transformation is urgently needed taking into account that eight billion people don’t have access to healthy diets, over 700 million people are currently living in hunger, and 80% of the global rural poor depend indirectly on agrifood systems for their livelihoods.

WTO Secretariat launches trade policy toolkit at COP28 to support action on climate goals (WTO)

The WTO Secretariat on 2 December launched a 10-point set of “Trade Policy Tools for Climate Action” at the 28th United Nations Climate Change Conference (COP28) in Dubai to present governments with a toolkit to draw from in their efforts to meet global climate targets. The new publication explores how integrating the trade policy options, such as reviewing import tariffs on low-carbon solutions, into national strategies can help economies mitigate the effects of climate change and adapt to its consequences.

“In this publication, the WTO Secretariat explores 10 trade policy tools that can accelerate progress towards climate goals. Each element could be integrated into nationally determined contributions (NDCs) and national adaptation plans (NAPs) as economies look to ratchet up the ambition of their climate strategies,” Director-General Ngozi Okonjo-Iweala says.

pdf Trade Policy Tools for Climate Action (5.89 MB)

COP28: Extraction of minerals needed for green energy must be ‘sustainable and just’, says Guterres (UN News)

UN Secretary-General António Guterres on Saturday announced his plan to set up a panel aimed to ensure the move from fossil fuels towards renewable energy is just, sustainable and benefits all countries. Mr. Guterres, who has been a strong proponent of moving away from fossil fuels, told leaders of the Group of 77 Developing Countries, which includes China, that the availability and accessibility of critical energy transition minerals is crucial to reach the goals set by the 2015 Paris Agreement.

“COP28 must commit countries to triple renewables capacity, double energy efficiency, and bring clean energy to all, by 2030,” stated the UN chief, stressing that the phase out fossil fuels with a roadmap that is equitable and with a timeframe compatible with 1.5 degrees is also essential.

The green energy boom is an opportunity for commodity-rich developing countries to transform and diversify their economies. However, a lack of global guidance to manage these resources could exacerbate geopolitical risks and environmental and social challenges, including impacts on water, biodiversity, health and indigenous peoples’ rights. “The extraction of critical minerals for the clean energy revolution – from wind farms to solar panels and battery manufacturing – must be done in a sustainable, fair and just way,” the UN chief said, adding that the demand for minerals, such as copper, lithium and cobalt, is set to increase almost fourfold by 2030.

Clean energy minerals: Developing countries must add value to capitalize on demand (UNCTAD)

As the COP28 climate summit unfolds, an UNCTAD report sharpens the focus on trade in critical minerals that are essential for clean energy technologies. It examines trade flows of lithium, cobalt and graphite through global value chains for electric vehicle (EV) batteries, highlighting opportunities and challenges for resource-rich developing countries. In a net-zero emissions scenario, demand for these minerals is expected to surge – for example, 454% for lithium and 115% for cobalt from 2022 to 2030.

Developing countries, especially in Africa, which boasts 19% of global mineral reserves needed for EVs, stand to benefit from the green boom if they can process the minerals locally. The energy transition is an opportunity for mineral-rich developing countries to strengthen their emerging industries and bolster their position in global value chains, UNCTAD Secretary-General Rebeca Grynspan said at a COP28 event on critical minerals and the energy transition.

COP28: Methane pledge by the ‘giants behind the climate crisis’ falls short, says Guterres (UN News)

As the fourth day of this year’s UN climate conference got underway, the UN chief stated: “The fossil fuel industry is finally starting to wake up, but the promises made clearly fall short of what is required.” Reacting to the pledge announced on Saturday by several major oil and gas companies to reduce methane leaks from their pipelines by 2030, Mr. Guterres said it is a “step in the right direction”, but the promise failed to address a core issue, namely, eliminating emissions from fossil fuel consumption.

Methane (CH4) is a primary component of natural gas and is responsible for about a third of the planetary warming we see today. It is short-lived but is more powerful than carbon dioxide, the greenhouse gas most responsible for climate change. Without serious action, global anthropogenic methane emissions are projected to rise by up to 13 per cent between now and 2030.

pdf Bending the Curve: A Triple Win Blueprint for Global Methane Reduction (2.84 MB)

Leading international agencies form task force on net zero policy (UNCTAD)

Leading representatives from within the community of international regulators and experts have today announced their participation in a new task force with the aim of aligning global policy with net zero. Launched today at the COP28 climate conference in Dubai, United Arab Emirates and building on the work of United Nations Secretary-General’s High Level Expert Group (HLEG) on Net-Zero Emissions Commitments of Non-State Entities, the Task Force on Net Zero Policy will aim to help realize its recommendations.

The focus of the task force will be to ensure the credibility and accountability of 1.5°C-aligned net zero emissions commitments by non-state actors is underpinned with coherent policies and regulatory certainty. The announcement of the task force was made at UN Secretary-General António Guterres’s high-level meeting for non-state actors at COP28 and comes one year after the release of the HLEG’s recommendations contained in the group’s “Integrity Matters” report during last year’s COP27 in Sharm El-Sheikh, Egypt.

UNCTAD Secretary-General Rebeca Grynspan said: “The Task force on Net Zero Policy embodies our collective commitment to transforming net zero ambitions into tangible policy actions. It marks a pivotal moment in our journey towards a sustainable future, ensuring that the Integrity Matters recommendations are not just visionary statements but catalysts for real-world change.”

pdf Integrity Matters: Net Zero Commitments by businesses, financial institutions, cities and regions (6.35 MB)

African Development Bank with other multilateral development banks commit to boost collaboration on climate and development (AfDB)

Multilateral development banks attending the 2023 UN Climate Change Conference (COP 28) today affirmed their commitment to a concerted, global action, including increasing co-financing and private sector engagement to address climate change, felt acutely in Africa.

In a joint statement released in Dubai, United Arab Emirates, the banks committed to collaborating on “socially inclusive, gender-responsive and nature positive climate and development actions,” leveraging their unique expertise and networks. For impact, the MDBs will collaborate to attract private capital at scale for countries, expand the scope of reporting climate results and impact, and help countries identify priorities and investment opportunities.

pdf COP28 Multilateral Development Banks (MDB) Joint Statement (169 KB)

Enhancing access and increasing impact: the role of the multilateral climate funds (Global Environment Facility)

The need for collective, urgent, and ambitious action on climate is greater than ever before. As the results of the first global stocktake make clear, the world is not on track to meet the goals of the Paris Agreement. While progress is seen in some areas, much more is needed to reach net zero and adapt to climate impacts. A rigorous “all of economy, all of society” approach is needed across all systems and sectors.

Climate finance for developing countries plays the key role in this transition. Simplified and improved access to climate finance can allow for the more rapid deployment of urgently needed finance while also better serving local needs. The current international climate financial architecture needs to develop to keep “fit-for-purpose” to deal with the growing multiple challenges. A shift to a system-wide climate finance architecture where all actors work together and better in a more synergized and harmonious way is needed.

Measuring Climate Impact: A Draft Approach for Going from Inputs to Outcomes (World Bank)

Existing reporting of the Multilateral Development Bank (MDB) climate finance commitments does not tell the whole story. The MDBs have made significant progress in scaling up climate finance commitments. However, climate finance neither measures the results nor the outcomes of climate actions. While more climate financing may lead to better climate and development outcomes, the relationship is not necessarily one to one. There is a need for a common approach to reporting climate results that could be adopted across the MDBs, and potentially more widely across financial markets, to better signal what works and should be scaled and replicated, versus what does not and requires course correction to mobilize the financing needed to support the goals of the Paris Agreement.

pdf Measuring climate impact: A draft approach for going from inputs to outcomes (1.39 MB)

Progress with the Loss and Damage Fund is an important step in addressing climate change impact – Says ECA Chief (UNECA)

The United Nations Economic Commission for Africa (ECA) Executive Secretary Claver Gatete, has commended COP27 for setting up the Loss and Damage Fund, a process started nearly three decades ago that concluded at the start of the ongoing COP 28.

Speaking at a side event on Assessing loss and damage: methodological challenges and prospects he said, “COP28 has started positively, with the adoption of the recommendations of the Transitional Committee on Loss and Damage; The loss and damage fund, with funding pledges amounting to over $400 million dollars so far, marks the beginning of a very important era in our efforts to address climate change and its impact. The side organized by the Economic Commission for Africa (ECA) and African Union on the side lines of COP 28 in Dubai on 3 December 2023.

Quick links

Africa is finally at the climate negotiations table

UKEF joins new international alliance to help export finance reach net zero

Climate change: AI tool to harmonise global carbon trade

New climate and tax taskforce must make rich polluters pay

For the Poorest Countries, Climate Action is Development in Action

COP28: UAE and Gates foundation pledge millions to combat climate health risks


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