African states to use threat of fossil fuels to get EU climate finance

Euractiv | Aug 25, 2022 at 5:40 PM
  • Ahead of the COP27 summit scheduled for November, there are fears African governments will use the threat of exploiting fossil fuel reserves to push European nations to keep their promises on climate change, investments and infrastructure.
  • Instead, they recommend an “increase in Africa oil production … refining of African oil in African refineries, and pan-African storage and distribution infrastructure” and the “acceleration of ‘regional gas and electricity projects”.
  • Most of the African Nationally Determined Contributions (NDCs) to curb emissions and temperature rises contain mitigation and adaptation targets conditional on receiving international financial, technical and capacity-building support.