As the countdown to COP30 in Belem, Brazil begins, Tanzania’s Dr Richard Muyungi, chairman of the African Group of Negotiators (AGN), outlined Africa’s ambitious climate finance demands that could define the continent’s negotiating position.
“Climate finance remains the continent’s top priority,” Dr Muyungi declared, announcing that AGN is calling for a New Collective Quantified Goal (NCQG) of at least USD 1.3 trillion per year by 2035 – a figure that dwarfs current global climate finance flows.
The demand comes with a crucial caveat: the funding must be rooted in “equity and historical responsibility” rather than mechanisms that increase African countries’ debt burdens. This represents a fundamental shift from viewing climate finance as loans to recognising it as compensation for historical emissions primarily from developed nations.
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