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African countries shouldn’t have to borrow money to fix climate damage they never caused – economist

As COP29 approaches, African nations urgently seek increased public finance for climate adaptation. The reliance on loans exacerbates their debt, impeding progress. Systemic biases and bureaucratic barriers hinder access to essential climate funding, demanding coordinated efforts.

Published

3 months ago

January 8, 2025

The Conversation

African people protesting on streets — Photo by Tope A. Asokere on Pexels.com

Carlos Lopes, University of Cape Town

As we approach the global annual climate change conference, COP29, the need for increased public finance from the global north to address climate adaptation in Africa has become more urgent than ever.

However, framing the finance debate solely around this need risks deepening mistrust and downplaying the scale of the challenge. The financial burden of addressing climate change, coupled with limited fiscal space, creates a precarious situation for many African countries. African countries bear no historical responsibility for causing the climate crisis. However, they rely heavily on external financing to solve climate change problems.

Unfortunately, much external climate finance comes from loans rather than grants. This only worsens Africa’s debt burden. There is also not nearly enough money being channelled to Africa to pay for climate change adaptation.

At COP29, African negotiators will undoubtedly focus on reducing dependence on debt, and improving access to finance. I’m an economist who specialises in climate change and governance, with a long background at the United Nations and the African Union. Without robust commitments from public financial institutions, Africa will continue to face the dual crises of climate vulnerability and debt.

African countries must use COP29 to tackle systemic biases that inflate risk perceptions, minimise African achievements and inflate its problems. These biases drive up borrowing costs, and worsen commodity dependence.

The climate finance gap

The African Development Bank has estimated that Africa needs between US$1.3 trillion and US$1.6 trillion in total climate financing every year between 2020 and 2030. This will enable African countries to meet their commitments to reduce greenhouse gas emissions, known as nationally determined contributions.

The Global Center for Adaptation estimates that Africa requires at least US$52.7 billion annually for adaptation every year until 2035. However, this figure could rise to US$106 billion. This is because data gaps allow for double counting of financial contributions. There is also very little transparency about the real amounts of climate finance being disbursed. Because nationally determined contributions are focused on mitigation, carbon depletion tends to be measured without accurate calculations of the amount of emissions that are captured, or carbon that is conserved.

The United Nations Development Programme says that Africa’s nationally determined contributions mean the continent needs about US$2.8 trillion by 2030 for climate mitigation. However, Africa contributes only 4% of all greenhouse gas emissions currently. It needs funds for adaptation to adjust to climate change that is already changing the lives of many, rather than for mitigation.

But only about half of the climate finance received by Africa in 2022 was for adaptation (US$4.6 billion). The rest of the climate finance addressed mitigation or a mix of both, in line with the global north’s agenda.

Worse still, 64.5% of adaptation financing came from loans, which need to be repaid. This will increase the financial strain on African nations.

Loans versus grants for climate change adaptation

Multilateral financial institutions such as the International Monetary Fund (IMF) and the World Bank, and the Organisation for Economic Co-operation and Development through their Development Assistance Committee, handed out US$8.33 billion to Africa in 2022 for climate action. But most of this – US$5.4 billion – was loans. Only US$2.9 billion was grants, with a small fraction in equity investments.

These loans come with lower-than-market rates or extended repayment terms. But they still add to Africa’s external debt, which reached US$1.12 trillion in 2022. African countries’ debt repayments are twice what they get as climate finance.

The United Nations Framework Convention on Climate Change says developed countries are responsible for financing climate adaptation in vulnerable regions. But loans that create a huge debt burden only enrich global financial institutions at the expense of African countries.

The effects of climate change are causing unprecedented floods, drought and other disasters across Africa. Yet it is becoming more difficult for African countries to access the climate finance they need to adapt to a warming world.

Why is the situation worsening?

First, access to climate finance remains a bureaucratic nightmare with complex application processes. There also needs to be more transparency in fund allocation. The recently established Loss and Damage Fund could assist. It is meant to channel money to countries worst affected by climate change to pay for the damage caused.

Second, the focus on reforming Bretton Woods institutions and development finance institutions is shifting attention away from the obligations developed countries have signed up for. This distracts developing nations from making reforms in trade, taxation and financial regulations that could drive more meaningful results.

Third, there is a lack of liquidity (access to fresh money) needed to propel investment or allow countries to bridge their budget deficits. African countries are forced to juggle paying for healthcare, education and infrastructure development with paying back debt. Some spend more on debt repayments than healthcare.

Increased tax efficiency and domestic savings, such as the savings maintained by pension funds, could be used. This should be the priority while the fight for better international conditions continues.

Fourth, the distinction between development finance and climate finance is becoming an impediment to progress. The conversation should move away from getting African countries to prioritise greenhouse gas emission reductions at the expense of other development priorities. Climate action is under-implemented and underfunded. The focus must be on excessive dependency on aid and rather promote market incentives to encourage the private sector to invest in climate adaptation in Africa.

Fifth, African negotiators must address the structural barriers that limit access to finance. For example, biased risk perceptions by credit rating agencies prevent African countries from securing finance. Restrictive prudential rules from the Bank for International Settlements intended to preserve international financial system integrity have proven unfavourable to the transformation of the African economies.

Sixth, Africa should make use of regional climate finance platforms and set up cross-border climate change adaptation projects that benefit more than one country.

This will allow Africa to pool resources, coordinate demands and make it easier to negotiate better terms for climate finance. Just energy transition partnerships create an opportunity for countries to secure renewable energy funding for the transition from fossil fuel. Success will depend on effective coordination and regional solidarity in international climate negotiations.

Seventh, African countries have strong potential to use carbon markets to finance climate initiatives, provided they have control over them. Nature-based solutions can go hand in hand with reforestation, sustainable land management or conservation, while generating carbon credits. These are additional funding opportunities for climate adaptation efforts in Africa.

This moment demands bold leadership and a united front to rewrite the rules. African countries must secure the commitments and resources at COP29 that are needed to build a sustainable future.

Carlos Lopes, Professor at the Nelson Mandela School of Public Governance, University of Cape Town

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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News

The Controversy Surrounding the Jackie Robinson Biography at the U.S. Naval Academy

The Trump administration’s push to ban Jackie Robinson’s biography from the U.S. Naval Academy Library highlights tensions over diversity narratives in education, sparking controversy and raising concerns about historical representation amid ongoing political divisiveness.

Published

14 hours ago

April 1, 2025

Rod Washington

Jackie Robinson, first baseman with the Brooklyn Dodgers, circa 1949.

In an alarming move reflecting ongoing tensions over diverse narratives in education and public discourse, the Trump administration is reportedly pushing to ban a biography of Jackie Robinson from the Nimitz Library at the U.S. Naval Academy. This follows a week of controversy sparked by the temporary removal and subsequent restoration of an article on Robinson’s Army service from the Pentagon’s website.

According to a report from The New York Times, Defense Secretary Pete Hegseth has directed the Naval Academy to review its library collection for works that embody themes of diversity, equity, and inclusion. The biography of Robinson, alongside around 900 other titles—including Martin Luther King Jr.’s autobiography and “Einstein on Race and Racism”—has been flagged for removal under this directive.

Cmdr. Tim Hawkins, a spokesman for the Naval Academy, stated, “The U.S. Naval Academy is fully committed to executing and implementing all directives outlined in executive orders issued by the president and is currently reviewing the Nimitz Library collection to ensure compliance. The Navy is carrying out these actions with utmost professionalism, efficiency, and in alignment with national security objectives.”

With Hegseth scheduled to visit the Academy soon, it remains uncertain whether these controversial titles will be removed from the library before his arrival. The issue has sparked substantial outcry, particularly in light of the administration’s recent criticism over removing articles that celebrate influential figures in U.S. history, like Robinson and the Navajo code talkers.

In a discussion prompted by ESPN’s Jeff Passan, Pentagon press secretary John Ullyot reiterated the administration’s stance against diversity initiatives, indicating that some content may have been removed inadvertently. His comments drew significant backlash, leading to a follow-up statement emphasizing “patriotism and dedication to the warfighting mission” rather than racial or ethnic identities.

Robinson, a second lieutenant in the Army from 1942 to 1944, served with the 761st Tank Battalion, the first Black tank unit to see combat in World War II. His court-martial for refusing to adhere to a racist bus policy only underscores his enduring struggle against racial injustice, paving the way for his groundbreaking success in Major League Baseball as he broke the color barrier.

The Los Angeles Dodgers, Robinson’s team for a decade, are scheduled to visit President Trump at the White House to celebrate their 2024 World Series title this April, coinciding with Jackie Robinson Day. This timing juxtaposes their celebration of his legacy against the backdrop of an administration taking steps to diminish recognition of such key figures in American history.

As this situation unfolds, it raises critical questions about the role of educational institutions, historical representation, and the importance of equitable narratives in our national dialogue. In today’s divided political landscape, the removal of influential and diverse voices from public access can serve not just as a reflection of current priorities but also as a forewarning about the future of discourse surrounding diversity and inclusion in America.

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Automotive

The Coolest Thing Made in Mississippi: Nissan Frontier

Exciting news! The Nissan Frontier has been crowned the “Coolest Thing Made in Mississippi” at the 2025 Mississippi Makers’ Challenge! Manufactured in Canton and powered by cutting-edge technology, this remarkable vehicle showcases top-notch craftsmanship and innovation. Proud to celebrate our local talent! #NissanFrontier #CoolestThing #MississippiMakers #Innovation

Published

1 day ago

March 31, 2025

Rod Washington

2025 Nissan Frontier. Image Credit: Nissan Motors

CANTON, Miss. – The Nissan Frontier has earned the prestigious title of the “Coolest Thing Made in Mississippi” by winning the 2025 Mississippi Makers’ Challenge, an event organized by the Mississippi Manufacturers Association. This accolade highlights the Frontier’s exceptional craftsmanship and innovative features that set it apart in the competitive automotive market.

Manufactured at Nissan’s state-of-the-art facility in Canton, Mississippi, the Frontier showcases the dedication and expertise of the skilled workforce in the region. Each vehicle is meticulously assembled, combining quality engineering with contemporary design to meet the needs of today’s drivers.

Powering the Frontier are robust engines built at Nissan’s powertrain plant in Decherd, Tennessee, further adding to the vehicle’s impressive performance and reliability. The collaboration between these two locations reflects Nissan’s commitment to supporting local economies while producing high-quality vehicles that American customers have come to love.

The recognition of the Nissan Frontier as the “Coolest Thing Made in Mississippi” is not just a win for Nissan; it underscores the rich manufacturing heritage of the state and the remarkable talent within its workforce. As Nissan continues to innovate and evolve, the Frontier stands as a testament to what can be achieved when craftsmanship meets cutting-edge technology.

With this accolade, the Nissan Frontier solidifies its place as a top choice for adventure enthusiasts and everyday drivers alike, proving that great things can indeed come from Mississippi.

Link to the Nissan Press Release: The Coolest Thing Made in Mississippi: Nissan Frontier

Welcome to the Consumer Corner section of STM Daily News, your ultimate destination for savvy shopping and informed decision-making! Dive into a treasure trove of insights and reviews covering everything from the hottest toys that spark joy in your little ones to the latest electronic gadgets that simplify your life. Explore our comprehensive guides on stylish home furnishings, discover smart tips for buying a home or enhancing your living space with creative improvement ideas, and get the lowdown on the best cars through our detailed auto reviews. Whether you’re making a major purchase or simply seeking inspiration, the Consumer Corner is here to empower you every step of the way—unlock the keys to becoming a smarter consumer today!

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The A Line Light-Rail Extension from Azusa to Pomona: A Significant Milestone for Public Transportation

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Healthcare Education Market – Skilling Up for Scalpels: Inside the Thriving Healthcare Education Industry

Published

2 days ago

March 30, 2025

Daily News Staff

PUNE, MAHARASHTRA, INDIA /EINPresswire.com/ — Healthcare Education Market Perspective

The Global Healthcare Education Market size was worth USD 103.64 billion in 2022 and is estimated to grow to USD 202.75 billion by 2030, with a compound annual growth rate (CAGR) of approximately 8.75% over the forecast period. The report analyzes the healthcare education market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the healthcare education market.

Healthcare Education Market Developments

• In 2023, HealthStream (US) purchased Electronic Education Documentation System, LLC (US). This acquisition will broaden Healthstream’s ecosystem by bringing a cutting-edge, cloud-based continuing education management system for healthcare organizations and delivering cutting-edge solutions in the form of Software-as-a-Service (SaaS).

• In 2022, To promote access for surgeons and benefit more patients across the US, GE Healthcare (US) and DePuy Synthes (US) worked together to make GE Healthcare’s OEC 3D Imaging System and DePuy Synthes’ extensive product line more widely available.

Get Access to Smart Book @ https://nforming.com/blog/healthcare/healthcare-education-market-analysis-report-industry-outlook-latest-development-and-forecast-to-2030/

Healthcare Education Market’s Top Driver

Increasing need for skilled healthcare workers to drive market growth

The market for healthcare education is expanding significantly due to the increasing need for skilled healthcare workers. The market for healthcare education is being significantly shaped by the growing demand for qualified healthcare workers. The demand for skilled physicians, nurses, allied health workers, and administrators who can deliver high-quality healthcare services is rising as the world’s population continues to expand and get older. The rising incidence of chronic illnesses and complicated medical disorders that need specialized care has increased this demand. Additionally, the need for healthcare professionals is growing outside conventional clinical responsibilities. The demand for non-clinical positions such as healthcare administrators, informatics experts, and others is also growing. As a result, healthcare education incorporates a variety of academic fields to produce a workforce that is well-rounded and able to meet the many demands of the healthcare sector.

Healthcare Education Market: Regional Landscape

Asia Pacific dominated the Healthcare Education market in 2022

There is a sizable and constantly expanding population in the Asia Pacific region, which generates a sizable demand for healthcare services. The demand for qualified and trained healthcare personnel grows proportionally as healthcare systems enlarge to meet this demand. Additionally, greater investments in healthcare infrastructure, including educational institutions, have been made as a result of the Asia Pacific region’s economic expansion. Governments and commercial organizations are becoming more aware of how crucial a strong healthcare education system is to the development of healthcare services.

Healthcare Education Market Top Players: Stryker (US), SAP (Germany), Adobe (US), Infor (US), Oracle (US), HealthStream (US), Symplr (US), Elsevier (Netherlands), Articulate (US), PeopleFluent (US), Fujifilm Corporation (Japan), GE Healthcare (US), Trivantis Corporation (US), Koninklijke Phillips (Netherlands), Siemens Healthineers (Germany), Coursera (US), and IBM (US).

Healthcare Education Market: Segmentation

The global healthcare education market has been segmented into provider, delivery mode, application, and end-user.

Based on universities, educational platforms, and medical simulation are segments of the global healthcare education market. The university segment to improve the business and department workers, the requirement for continuous learning in a field that is rapidly evolving, partnerships with healthcare organizations, and the emphasis on patient-centered care and interprofessional collaboration are all factors driving the growth of universities and academic institutions in the market for healthcare education solutions. The aforementioned elements help healthcare education programs grow and evolve to satisfy industry demands.

Based on delivery mode, the market is classified into classroom-based, and e-learning. In 2022, the e-learning processing category dominated the global market. Due to a variety of online learning platforms, students have access to educational resources like lectures, videos, quizzes, and other resources in a digital setting. Students can learn at their own pace and convenience in e-learning environments, which usually offer flexibility. Coursera, Blackboard, and Moodle are a few popular e-learning platforms. Because of the COVID-19 pandemic, e-learning platforms have proliferated as a medium of delivery, and this trend is anticipated to continue during the projected period. The overall revenue for Coursera in 2022 was US$523.8 million, a 26% increase over 2021, while the gross profit was US$249.5 million, a 33% increase over 2021.

Based on application, the market is classified into neurology, cardiology, and pediatrics. In 2022, the cardiology category dominated the global market. It is anticipated that factors including the increased prevalence of cardiovascular diseases (CVD), technological improvements, and online courses will raise demand for educational solutions. According to the WHO’s 2021 update, CVDs encompass illnesses like coronary heart disease, cerebrovascular disease, rheumatic heart disease, and others.

Based on end-users, the market is classified into students and physicians. In 2022, the student category dominated the global market. Student prospects have increased as a result of the growing accessibility and availability of healthcare education alternatives, notably online and remote learning options. Students can learn at their own pace, from any location, at any time, and with the help of digital tools and online platforms. This accessibility makes it easier for people from different backgrounds to enter the healthcare industry by allowing students to pursue healthcare education while juggling other responsibilities.

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Fitness Trackers Market – https://nforming.com/blog/technology/global-fitness-trackers-market-insights-top-manufacturers-analysis-trend-and-demand-forecast-to-2030/

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