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Release Date:
12 septembre, 2024
The African sustainable development context suggests that in the transitions to low-emission, and climateresilient development, global trade policies and finance flows should contribute to the reduction of structural, socio-economic, and technological inequalities between developed and developing countries as the present day structural inequalities cannot deliver a ‘just transition’.
The needs of African countries from a quantum of finance perspective are considerable, while the conditions of raising finance and borrowing risk leading to a transition that deepens indebtedness. Hence at the center of fair transitions, effective interventions should include the restructuring of the global finance system.