COP30 envisions Africa’s triple climate finance by 2030
NAIROBI: WHILE the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) is scheduled to take place from November 10 to 21, 2025 in Brazil, a report by African stakeholders calls for climate finance to triple the current commitment by 2030.
The stakeholders have also called for the inclusion of finance and the transfer of clean technology as obligations to be placed under the UN climate process. They are not voluntary gestures of goodwill.
In a statement on the report, Power Shift Africa Director, Mohamed Adow said the world does not need more promises, but proof that multilateral climate cooperation can still deliver for all while the COP is about implementation.
“It must also be remembered that Africa helped strengthen global climate governance in fairness, solidarity, and accountability,” he said.
He said COP30 must recognize Africa’s immense vulnerability, but also ultimately step up to its historic role of support and resilience.
“Africa is not coming to Belém empty-handed; we are bringing solutions, transformative power, and a vision of climate justice based on justice and shared prosperity. What we need now is financial support, technology support, and delivery support.”
For his part, the Campaign and Policy Leader for the Climate Action Network (CAN Africa), Dr Wafa Misrar, said African countries must be vigilant about the Permanent Tropical Forest Centre launched by Brazil.
“It aims to raise 125m US dollars to protect the world’s tropical rainforests and promises payments to countries in the Global South for every hectare of tropical forest they conserve.
The fund relies on guarantees and guarantees, meaning that developing countries end up paying interest through debt financing to implement conservation.
He said this imposes strict conditions that some forest-owning countries may not be able to meet.
“This is neither new nor fair, but another disruptive and market-based mechanism that benefits them more than the countries they claim to support.”
Amos Wemanya, Co-Leader of the Global Project, Right to Participation for People and Planet at Greenpeace, said. Africa is heading to COP30 determined to secure a new climate partnership based on equity and opportunity.
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“The continent has the transformative potential, the human talent, and the will to make the world a cleaner and more resilient economy, but we need to access the money and unleash this potential.
He also said that to finance a just transition, Africa must demand the establishment of a new system and tax justice.
However, as its revenue requirements exceed 70bn US dollars annually, only about 15bn US dollars is received each year, and the costs of losses and claims amount to about 1trillion US dollars.
