A striking image contrasting lush green fields with dry, cracked earth in South Africa.
Developed nations built their economies by burning fossil fuels, causing climate change that disproportionately harms Africa, despite its minimal emissions. A report by Action Aid estimates that developed nations owe African countries $36 trillion in “climate debt.” African cities, facing rapid urbanization, need funds to adapt to climate challenges, yet only 5% of global climate finance reaches sub-Saharan Africa. Most aid comes as loans, worsening existing debt crises. With South Africa leading the G20, there’s an opportunity to push for fairer financial access and debt restructuring. Addressing climate debt is crucial for sustainable urban growth.
