Activists March Against Oil Exploitation in Nigeria and DRC
Nigerian activists and groups which includes Quest For Growth and Development Foundation, Peace Corp of Nigeria, Community Secondary School Oroworukwo and Youths of Oroworukwo Community held a peaceful march in Port Harcourt to show solidarity with the Democratic Republic of Congo (DRC) and raise awareness about the negative impacts of oil exploitation.
Comrade Smith Nwokocha, Coordinator, Quest For Growth and Development Foundation emphasized the following during the March:
The Issue:
Oil extraction in DRC has caused significant social and environmental harm, despite bringing little benefit to local communities.
The industry has led to poverty, health risks, and ecological damage.
The Demand:
Stop oil expansion in DRC and transition to cleaner, community-driven energy alternatives.
Support local communities and advocate for a just and equitable future.
The Campaign:
The “Our Land Without Oil” campaign aims to amplify the voices of grassroots communities and promote a fossil-free future.
The campaign seeks to bring attention to the issue and mobilize public support for change.
The Commandant, Rivers State Command of Peace Corp of Nigeria also reiterated how resource conflicts have been emanating in the Niger Delta region of Nigeria and of course DRC other African countries with mineral resources like oil.
Students of Community Secondary School Oroworukwo also share their thoughts on No to Oil Expansion in the Niger Delta and DRC.
The Message:
No to oil exploitation, exploration, and extraction.
Let’s work towards a more sustainable and equitable future for all.
Afrika Vuka Day is closely tied to Africa Day and it is a powerful moment of Pan-African Solidarity to demand an end to Fossil Fuels expansion across the Continent. This year in Port Harcourt, Nigeria, precisely the 22nd of May, 2025; Young community students and youngsters, over 500 of them, were so excited to be part of the Afrika Vuka Day Celebration in Port Harcourt, Nigeria, which is tied to Africa Day. It was historic for the young champions of Niger Delta region of Nigeria, as the principal (Mrs. Jubo Thompson) and other staff and teachers including some parents that were around, expressed happiness joining the Celebration. The focus was instilled on the theme: “REPower Afrika”.
Demands were made, which emphasised the need for our leaders and policymakers in Nigeria and Africa to ensure a just and fair Renewable Energy Transition, among other demands.
Comr. Smith Nwokocha stressed the importance of the theme, using Renewable Energy to power up Africa by powering countries on the Continent. For Nigerians and the teeming youths in the Niger Delta, #REPowerNigeria, means, using RE to curb the Energy deficiency or deficit in the Country, wondering how a country with so much Oil and Gas, still faced with pathetic Electricity supply/Power shortage.
A Solar Panel that charges an Android phone and other gadgets was donated to the Community School (Community Secondary School, Oroworukwo, Port Harcourt, Nigeria) for use and, more importantly, to see the need for RE and the usefulness and efficiency of Solar Power. Again, a Solar Lamp was lighted for all to see, and they appreciated the natural flow of power source (Solar). The young champions promise to take action on RE through Advocacy ad Campaigns.
Assembling of Solar lamp
Subsequently, Nwokocha introduced a Guest who spoke to the students on “Greatness that brings out the African Strength”, Dr. David Chukwueke, he pulled the young champions through seeing their values as Africans and nothing short of greatness. They have been educated to stand out as future leaders.
Lastly, Smith Nwokocha, the Coordinator, Quest For Growth and Development Foundation, appreciates Afrika Vuka Network for being a network of “Green Hope” (Repowering Africa through Renewable Energy) for the African Continent.
Joint Statement by African and European Civil Society Organizations
On the Occasion of the AU–EU Foreign Ministers Meeting, 21 May 2025
Summary for decision-makers
African and European civil society organizations urge the AU-EU Foreign Ministers Meeting to deliver a bold, equitable roadmap for climate justice, energy transition, and green industrialisation. Ministers must commit to enhanced 1.5°C-aligned NDCs, scaled-up adaptation and loss and damage support, and accelerated implementation of SDG7 and the COP28 global energy targets—tripling renewables, doubling energy efficiency, and transitioning away from fossil fuels.
We call on the AU and EU to:
commit to delivering on the Paris Agreement, SDG7, and global energy goals by scaling up renewables, doubling energy efficiency, phasing out fossil fuels, and advancing just, inclusive, and locally driven energy transitions aligned with national priorities;
commit to urgently reforming the global financial and economic systems, prioritizing fair access to funding and debt justice for African countries, implementing recommendations for debt relief, and unlocking affordable financing for clean energy projects;
commit to a fossil-free future by ending public support for fossil fuel investments, redirecting funds toward renewable energy, regulating the private sector to align with the Paris Agreement, and halting the promotion of fossil gas, including LNG as a transition fuel;
commit to significantly increasing support for adaptation and loss and damage in Africa by boosting grant-based funding for climate resilience sectors, aligning initiatives with African priorities, and ensuring predictable funding for the Loss and Damage Fund;
commit to transforming African economies through green industrialization by promoting local manufacturing, skills development, technology transfer, and fair value chain participation, ensuring Africa benefits from its natural resources, drives green jobs, and leads the global energy transition.
Full Statement
As civil society organizations from Africa and Europe, we welcome the upcoming AU-EU Foreign Ministers Meeting as a crucial opportunity to reaffirm a just and transformative partnership between our continents. We urge ministers to clearly commit to strengthening multilateralism through ambitious climate action — including enhanced efforts to achieve the 1.5°C limit of the Paris Agreement. This must involve the development and timely submission of ambitious third-generation Nationally Determined Contributions (NDCs) before the UN Summit of the Future in September, alongside scaled-up adaptation efforts, meaningful progress on addressing loss and damage, and the delivery of SDG 7: ensuring universal access to affordable, reliable, sustainable energy by 2030. Ministers must also commit to implementing the global energy targets agreed at COP28: tripling renewable energy capacity, doubling energy efficiency by 2030, and transitioning away from fossil fuels by 2050. An equitable approach to the fossil fuel phase out demands that the EU phase out coal by 2030, gas by 2035, and oil by 2040, reflecting its greater historical responsibility and capacity, while recognizing and supporting the leadership of African countries, whose energy systems already feature significant shares of renewables and who require international support to expand clean energy access without replicating fossil-dependent pathways.
We acknowledge the EU’s stated ambitions—particularly those outlined in the Global Gateway strategy—to support Africa’s green transition. However, we are concerned that this partnership is becoming overly eurocentric and export-oriented, and does not respond sufficiently to climate impacts. Africa must not remain a mere supplier of resources for Europe’s energy transition. Local value creation, resilient infrastructure, transformation of local economies, and energy access for all must be at the heart of all energy investments. Support for adaptation, particularly locally led approaches, and to address loss and damage must also be scaled up.
The AU-EU Foreign Ministers Meeting, including its roundtables on “multilateralism” and on “prosperity” are a vital opportunity to reflect on how the AU and EU can defend and strengthen international climate cooperation, and accelerate the socio-economic benefits in the intersections between energy, infrastructure, climate, and digital transformation. We call for meaningful dialogue during this session around the implementation of SDG 7 and the global energy goals, with a strong emphasis on justice, inclusion, resilience and sustainability. It is essential that these discussions move beyond extractive investment models and embrace approaches that foster African ownership, skills development, and technology transfer.
Our Expectations for the Meeting’s Communiqué:
The AU and EU must commit to delivering on the Paris Agreement, Agenda 2030/SDG7 and Global Energy Goals:
Member states of both blocks are critical signatories to the Paris Agreement, and have committed to put 1.5°C aligned NDCs on the table. Committing to deliver enhanced NDCs integrated with economy wide just transition policies and plans can ensure that decarbonization strategies create decent work, protect labour and Indigenous rights, promote gender justice, and address social and environmental impacts. The communiqué must explicitly endorse the global goals of tripling renewable energy capacity, doubling energy efficiency, and transitioning away from fossil fuels, while ensuring alignment with national and regional development priorities in Africa. The EU and AU must jointly prioritize the rapid and ambitious scaling-up of renewable energy to enable a swift transition away from fossil fuels and tackle the devastating energy poverty that continues to affect much of the African continent. This must be done in full alignment with the SDGs and the principle of a just transition. Furthermore, both the EU and AU must prioritize decentralized, community-based energy solutions that build local capacity and resilience within African societies. At the same time, energy efficiency must be recognized as a critical enabler of this transition, with the EU reducing existing energy demand: the greater the efficiency gains, the lower the demand for new energy, and the faster the phase-out of fossil fuels.
The AU and EU must highlight the importance of an urgent reform of global financial and economic systems to ensure equitable and effective climate action, prioritizing fair access to funding and debt justice for African countries:
A key precondition for the necessary investments in sustainable development and clean energy is coordinated debt relief by all creditors, especially for highly vulnerable economies. This is essential for enabling Global South countries to meet the 2030 Agenda, uphold the Paris Agreement, and fulfil human rights obligations. The EU and AU should commit to supporting and implementing recommendations from expert bodies such as the Expert Review on Debt, Nature and Climate (co-led by Kenya), the Debt Jubilee Commission, and the African Expert Panel on Cost of Capital (led by South Africa). These recommendations—though still being consolidated—already offer valuable proposals for delivering short-term debt relief. Structural reform must include a UN Framework Convention on Sovereign Debt to fix persistent flaws in the global debt architecture and ensure timely, fair crisis resolution.
Simultaneously, access to finance and renewable energy technologies remains a major barrier—particularly for African communities and small enterprises. The distorted cost of capital, with much higher interest rates in developing countries, and concentration of renewable energy technologies in developed countries hinders a just energy transition. Funding and technology transfer mechanisms must enable direct, affordable access, especially for small- and medium-scale projects. This requires more grants and concessional finance, better risk mitigation, and the removal of non-tariff trade barriers, geopolitical or commercial conditionalities. Crucially, this also requires comprehensive regulatory reforms on the ground to reduce investment risk and build investor confidence. The financial power of the European Investment Bank (EIB) and the technological capacity of the EU member states should be strategically deployed to support these reforms and to unlock greater investment in Africa’s clean energy future.
The New Collective Quantified Goal (NCQG) adopted at COP29 calls for the scaling up of financing to developing country Parties to at least USD 1.3 trillion per year by 2035 with developed countries leading on a goal of at least USD 300 billion per year. A linear pathway from the current USD 100 billion implies contributions must double by 2030 and triple by 2035. EU budget contributions should be scaled up, through a bigger external action budget governed by a 50% climate and environment spending target. Global Gateway initiatives would benefit from greater transparency, should support country and community ownership, target high risk and hard to decarbonise sectors of the economy and deliver positive development impacts to ensure additionality.
To further mobilize resources, innovative financing mechanisms must be explored—such as taxes on aviation and shipping, taxing ultra-high-net-worth individuals, and repurposing fossil fuel subsidies. The EU and AU must jointly commit to structural financial reforms, progressive taxation, and strengthening the UN’s role in global tax governance.
The EU and AU must take a clear, united stance against fossil fuel investments:
The EU must urgently end public support for fossil fuels, including support provided through development banks and export credit agencies (ECAs), and redirect them toward renewable energy, aligning with just transition principles and avoiding socially regressive impacts. Public spending, including subsidies and investments, must be explicitly prohibited from supporting fossil fuel infrastructure, including production, processing, distribution, storage, and combustion of fossil fuels. Additionally, the EU and AU should adequately regulate the private financial sector to align with the goals of the Paris Agreement. This means not only offering “green incentives” but also introducing stringent safeguards and penalties for climate-damaging activities. The EU and AU must commit to a fossil-free future, ensuring that all investments support a just and sustainable energy transition.
The continued promotion of fossil gas, including liquefied natural gas (LNG), as “transition fuels” is particularly concerning. This misrepresents gas as a path to energy security while displacing cleaner solutions and exposing countries to long-term economic and environmental harm. Large, export-oriented LNG projects in African countries—often backed by European actors—are primarily designed to serve foreign markets, while failing to expand access to affordable and reliable energy for local populations and contradicting global climate commitments. Critically, to align with their climate commitments the EU must phase out gas by 2035, meaning it will no longer import African LNG in the near future. This makes new LNG investments economically unviable, risking stranded assets and wasted resources.
The EU must significantly increase its support for adaptation and loss and damage in Africa—both within its current budget cycle and in the upcoming 2028–2035 financial framework:
This includes substantial increases in grant-based funding for critical sectors that underpin climate resilience in low- and lower-middle-income countries (LICs and LMICs), such as water, climate-resilient infrastructure, health, sanitation and hygiene, agroecology, equitable food systems, and nature-based solutions that protect and restore ecosystems.
All adaptation investments must be grounded in the Principles for Locally Led Adaptation (LLA) to ensure that resources reach the most affected communities and reflect their knowledge systems and priorities. EU-supported initiatives—such as the Global Gateway—must strengthen mainstreaming of adaptation and disaster risk reduction by aligning with African countries’ National Adaptation Plans (NAPs), NDCs, and wider development strategies. The EU must also provide increased support to African-owned and -led initiatives at local, national, and continental levels.
On the Global Goal on Adaptation (GGA), the EU must play a constructive role at COP30 by pushing for an operational framework backed by clear and equitable Means of Implementation—including finance, technology transfer, and capacity-building—so that GGA targets are not only aspirational but achievable for vulnerable countries.
In terms of loss and damage, the EU should commit new and additional resources to the Loss and Damage Fund, ensure predictable and ongoing funding, and promote direct access for affected communities. Furthermore, the EU and AU should jointly advocate for strong L&D finance in the Baku–Belém roadmap, support the establishment of a permanent L&D agenda item at COPs, and promote the launch of a UNEP-hosted Loss and Damage Gap Report as part of the WIM review process.
The EU-AU communiqué must chart a bold course for Africa’s economic transformation through green industrialization, ensuring the continent fully benefits from its natural resources and plays a central role in the global energy transition:
Africa holds many of the critical minerals needed for clean technologies, yet these are often exported unprocessed, limiting local economic development and job creation. In 2020, Africa had an export worth of $457 billion—mainly raw materials—while importing $627 billion worth of high-value goods, reinforcing a persistent trade deficit. To even out this imbalance, the EU and AU must commit to local manufacturing, skills development, technology transfer, and fair participation across the green industrial value chain. This is vital for industrial resilience, climate and economic justice, and reducing global inequality.
The development of green value chain components for the energy transition, combined with regional integration, provides promising opportunities for African green industrialisation. Partnerships like the Clean Trade and Investment Partnership (CTIP) can support these goals—but must not become tools for securing Europe’s access to raw materials at the cost of African communities. CTIP should instead advance local value creation, green jobs, and technology transfer, while prioritizing Africa’s energy and development needs.
Particular caution is needed around the growing emphasis on hydrogen. Terms like “low-carbon hydrogen,” as seen in the South Africa-EU CTIP, risk enabling fossil-based hydrogen under a misleading label. This undermines Africa’s transition and risks locking in fossil infrastructure. Hydrogen initiatives must be grounded in energy additionality, ensuring renewable power used is new and surplus, not diverted from essential local use.
All EU-AU trade and industrial initiatives must be guided by equity, sustainability, and sovereignty, enabling Africa to lead in clean energy, green manufacturing, and climate-resilient growth on its own terms.
As civil society organizations from both continents, we reaffirm our commitment to being active partners in shaping a just transition. Our voices must be heard and included in decision-making processes to ensure that the outcomes of this partnership serve people and the planet—not profit.
Signed and supported by:
Wafa Misrar, Campaigns and Policy Lead, Climate Action Network Africa
Sven Harmeling, Head of Climate, Climate Action Network Europe
Sherpard Zvigadza, Coordinator, Climate Action Network Southern African Region
Dr. Christiane Averbeck, Executive Director, Klima-Allianz Deutschland
Christoph Bals, Chief Policy Officer, Germanwatch
Dean Bhebhe, Senior Just Transitions Advisor, Power Shift Africa
Toni Hancox, Director, Legal Assistance Centre
Carin Karl Atondé, Directeur Exécutif, ONG JVE Bénin
Carin Karl Atondé, Coordonnateur, RODER Bénin
Magda Stoczkiewicz, Programme Director, Greenpeace European Unit
Malam Issa Rabiou, Coordinateur National, CONDER – NIGER
Smith Nwokocha, Coordinator, Quest For Growth and Development Foundation
Laetitia Hema, Project Manager, Centre d’études et d’expérimentations économiques et sociales de l’Afrique de l’Ouest-Association
Sena Alouka, Directeur Exécutif, ONG Jeunes Volontaires pour l’Environnement
Thousands join global rallies to demand climate finance, fossil fuel phase out during COP29
More than 150 actions held in 24 countries.
Thousands of people joined protest actions around the world today urging world leaders at the COP29 climate summit in Baku, Azerbaijan to deliver a new climate finance goal and a rapid phase out of fossil fuels. Over 150 coordinated mass actions took place in more than 30 cities and provinces in 26 countries across the world, including a mobilisation in Baku.
We will be having a rally at Ogbunabali Community today, championed by Quest For Growth and Development Foundation with support from Asian people’s Movement on Debt and Development (APMDD) , as well as Climate Action Network International (CAN Int’l) and we will mobilize youths, Community members, Women and students and also engage major Financial Institutions in the Community to ensure they stop financing Fossil Fuels Projects and ensure the Phaseout of Fossil Fuels and embrace Renewable Energy Transition Plus ensuring Climate Finance!
The rallies called on COP29 to strike a deal on a climate finance goal that would unlock trillions of funding for developing countries’ adaptation and mitigation actions and be able to transition to renewable energy systems. They specifically called for the delivery of climate finance of at least $5 trillion annually and reparations for climate debt, emphasising that the new climate finance goal should be based on the actual needs of developing countries for climate action and the just transition of communities dependent on fossil fuels.
The rallies further called for a rapid and equitable phaseout of fossil fuels and a direct transition to 100 percent renewable energy, stating that developed countries, those with the biggest historical emissions, have the responsibility to deliver a fair and funded phase out of fossil fuels, stating that developed countries have the means to mobilise trillions of dollars for urgent climate action domestically and internationally by ending fossil fuel subsidies, making big polluters pay, taxing the mega-rich, and stopping funding for war and militarism.
At COP28, governments have committed to transitioning away from fossil fuels in energy systems with developed countries taking the lead. COP29 is considered as crucial in unlocking the climate finance needed to enable a just transition away from fossil fuels. So far, most climate finance that has been delivered were loans, not grants, blocking climate action and exacerbating debt distress in many developing countries. Almost 70 percent of the $91 billion in public climate finance provided in 2022 was in the form of loans.
The 29th UNFCCC’s Conference of Parties or COP29 is taking place from November 11 – 22 in Baku, Azerbaijan. Nations negotiating at COP29 are expected to agree on a New Collective Quantified Goal (NCQG) for climate finance from the goal of $100 billion per year by 2020, a deadline which developed countries missed.
Under the Paris Agreement, governments agreed to set an ambitious new climate finance goal by 2025. The scale of finance needed is significant, according to global models from $1.55 trillion to $5.8 trillion to $13.6 trillion annually by 2030.
Climate finance is also seen as key to unlocking more ambition from countries. Early next year, countries will submit their updated Nationally Determined Contributions (NDCs), which outline climate actions to reduce national emissions and adapt to the impacts of climate change. Instead of phasing out fossil fuels, governments, in aggregate, still plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5°C.
The 2024 Global Coal Exit List (GCEL) shows that 40% of coal companies worldwide are still developing new power plants, thermal coal mines, or coal infrastructure and that 95% of the coal industry has not set a date for ending the coal business. Meanwhile, new oil and gas exploration licences issued this year in 2024 threaten to generate the highest level of emissions since those issued in 2018. The US and the UK lead wealthy countries planning fossil fuel expansion in spite of their climate commitments. Fossil fuel firms are also investing more money into developing new oil and gas sites than at any time since the adoption of the Paris Agreement in 2015.
NOTES:
In Asia, mobilizations were held in Bangladesh, India, Indonesia, Philippines, Pakistan, Malaysia, Nepal, Sri Lanka and Japan
In Africa, mobilizations were held in Democratic Republic of Congo, Kenya, Malawi, Nigeria, Uganda, Zimbabwe, Côte d’Ivoire, Ghana, Benin Republic, Burkina Faso, Sierra Leone, South Africa, Tanzania, and Rwanda
In Europe, mobilizations were held in Greece, UK, Italy
We will end the week with Climate Finance actions. We urge groups and people’s movements to flood the streets and declare the need for Climate Finance as dire and immediate. Governments of the Global North must heed the people rising, demanding at least $5 trillion per year. The constant denial of obligations is unacceptable. Adequate, public and non-debt-creating climate finance is urgently needed for mitigation, adaptation, loss and damage and a just energy transition.
OUR COMMON DEMANDS
1. Global
North governments provide at least US$5 trillion per year to the Global South
in public finance. This amount must be revised upwards regularly as needed and
be considered as merely an initial payment toward the much larger total climate
debt owed by the Global North. 2. Adequate climate finance that covers needs for
mitigation, adaptation, loss and damage and just transition 3. Climate Finance must be public and should not be
driven by profit intrinsic to private investments and corporations 4. New and additional climate finance contributions on
top of the existing financial commitments of the Global North such as ODAs,
multilateral and bilateral aids, etc. 5. Non-debt creating climate finance that will not
lead to further exacerbation of the existing debt burden of the Global South 6. Predictable climate finance that will ensure that
resources are available when and where they are needed most and avoid further
delays in implementing urgent actio 7. Climate Finance that is channelled through
democratic, transparent and accountable mechanisms and NOT via the existing or
new structures where the Global North dominates governance and designs policies
favouring their geopolitical and economic interests. 8. Global North governments to tax the polluters and profiteers and end public subsidies for fossil fuels in
orderto mobilise adequate climate finance
CLIMATE FINANCE ESCALATION CAMPAIGN 2024
BACKGROUND PAPER
for consideration of various CSO constituencies in the climate justice arena and of the wider social movement.
Why must we escalate our efforts this year?
The frequency and intensity of climate catastrophes are
skyrocketing, causing devastating economic and social impacts, especially in
the most vulnerable regions. Decades of inaction and broken promises by the
governments of the Global North have not only compounded these losses but have
also deepened the gross inequalities and injustices endured by communities,
economies, and ecosystems.
This year is a pivotal year for Climate Finance. At COP29 in
Baku, critical decisions will be made to address the soaring costs of urgent
climate action. This year presents crucial political moments that will either
propel us toward the radical transformation needed in our social, economic, and
political systems or doom us to further climate chaos. Delay is no longer an
option— we need to unite and increase pressure on all fronts to ensure decisive
action.
What is the climate debt the Global North owes to the Global South?
The Global North has an incalculable climate debt owed to
the Global South, stemming from their historical and ongoing greenhouse gas
emissions that have caused and will continue to cause massive losses and
damages. There is a historical, ethical and legal responsibility of
the Global North to repay this debt with urgency based on their fair shares, as
part of a larger historical and continuing social, economic, and ecological
debt owed to the Global South, arising from centuries of exploitation and
inequity.
What do we want?
To begin addressing this climate debt, we demand the governments of the Global North to provide at least US$5 trillion per year to the
Global South in public finance. The said amount must be revised upwards
regularly as needed, and be considered as merely an initial payment, toward the
much larger total climate debt that continues to accrue. It is important to
emphasize that the current climate debt is immense and incalculable. This payment
provides a realistic, attainable figure for governments of the Global North to
deliver as a starting point in addressing the urgent and rising climate needs
of the Global South.
What is the basis for the US$5 trillion/year ask?
Several studies suggest that the annual finance needed ranges from US$2.3 – US$10 trillion. For example, using the figure of $192 Trillion until 2050, the annual average from 2023 (when the study was released) to 2025 is over US$6.85 Trillion a year. Recognizing that the amounts are all underestimated, we forward the demand that the Global North collectively deliver US$5 trillion annually as climate debt. This figure does not include the necessary and
appropriate investments that the private sector must provide as part of their responsibility.
Is US$5 trillion per year attainable?
The Global North’s claim of insufficient resources for
development and climate finance is fundamentally flawed and disingenuous. During the COVID-19 pandemic, these governments mobilized an astounding US$16 trillion in fiscal stimulus to support their economies. Additionally, the
G7 spent over US$1 trillion annually funding wars and conflicts globally. This clearly demonstrates that the resources exist—they are just being allocated based on political will and priorities. If trillions can be found for pandemic relief and military expenditures, the same financial commitment must be made to
address the existential threat of climate change.
Is the US$5 trillion the number we demand for New Collective Quantified Goal (NCQG)?
No. The US$5 trillion per year is an initial payment towards
the climate debt owed to the Global South and serves as a critical barometer for discussions on the scale of the new collective quantified goal (NCQG) on
climate finance. The climate debt is the moral framing for the new climate
finance goal, which has to be needs-based, with a core of public grant-based finance.
What kind of Climate Finance do we need?
In light of the NCQG discussions, it is important to
emphasize that the delivery of Climate Finance, as part of the payment for
climate debt, must be:
✅PUBLIC and should not be driven by profit intrinsic to private investments and corporations
✅NEW & ADDITIONAL to existing financial commitments of the Global North such as ODAs, multilateral and bilateral aids, etc
✅NON-DEBT CREATING and must not lead to the further exacerbation of the existing debt burden of the Global South
✅ADEQUATE & PREDICTABLE to ensure that resources are available when and where they are needed most and avoid further delays in implementing urgent action
✅COVERS NEEDS FOR MITIGATION, ADAPTATION, LOSS & DAMAGE, AND JUST TRANSITION
✅CHANNELED THROUGH DEMOCRATIC, TRANSPARENT AND ACCOUNTABLE MECHANISMS and NOT via the existing or new structures where the Global North dominates governance and designs policies favouring their geopolitical and economic interests.
When do we want to raise this?
We suggest (digitally) launching this piece of the global #PayUp campaign around the Heads of Delegation retreat happening in Baku, from July 25 to 28. We see this as a good opportunity to raise the bar of ambition high and enshrine the negotiations around the future climate finance goal in this moral framing and reflect the responsibility of the Global North to pay its climate debt to the Global South. This milestone of the Finance Escalation
is aimed to be complemented by various other moments of action and campaigns, including a Global Day of Action in September during the period of the UNGA and the Summit of the Future.
In Nigeria, Smith Nwokocha, Coordinator, of Quest For Growth
and Development Foundation will be hosting an in-person Community Event (Townhall Engagement) at Oroworukwu Community Phalga LGA Port Harcourt, Rivers State, Niger Delta, Nigeria on Friday the 20th of September, 2024.
PHwakawaka 