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| Former President J.A.Kufuor |
The United Nations Secretary General’s Special
Envoy on Climate Change and former president of Ghana –
President John Agyekum Kufuor has
admonished African financial institutions to show credibility in order to
attract international climate finance to support development in Africa.
The former president
indicated that international donors have had the challenge of identifying
credible institutions in Africa through which it could channel funds to address
the impact of climate change on the continent - due to perceived corruption leveled
against African governments.
President Kufuor therefore called
on African financial institutions to position themselves to leverage international
climate finance to support governments and local communities to fight climate
change and reduce poverty.
He was of the view that
should Africa’s financial institutions such as New Partnership for Africa
Development (NEPAD), and the African Development Bank (AfDB) continue to uphold
integrity and credibility, it will put them in a better position to mobilize
more funds to address the adverse effect of climate change in Africa.
Speaking at the Side Event
organized by African Development Bank at the African Pavilion, amidst the Twenty-first session of the Conference of the Parties , President Kufuor who is also the United Nations Secretary Generals’
Special Envoy on Climate, urged the international donor community to honor
their pledge of USD 100 Billion per year by 2020 as promised in the Copenhagen
Accord in 2009 to support development in developing and least developed
countries.
The Twenty-first session of
the Conference of the Parties (COP 21) and the eleventh session of the Meeting
of the Parties (MOP 11) serving as the meeting of the Parties to the Kyoto
Protocol of the United Nations Framework Convention on Climate Change (UNFCCC),
is underway in Paris – France.
At COP 21, it is expected
that Parties will adopt a new legally binding universal climate agreement that
would come into effect and be implemented from 2020 to as it were mitigate the
impact of climate change on vulnerable countries.
