Rwanda is stepping up its call for a bold new global climate finance framework as world leaders gather in Azerbaijan for COP29. The East African nation wants funding for loss and damage – think hurricanes wiping out villages or droughts destroying crops – to get equal billing with traditional climate action pillars like reducing emissions and adapting to changes. 🌪️💸
‘You can’t rebuild stronger communities without reliable cash flow,’ Rwanda’s Environment Ministry stressed, highlighting how climate-vulnerable countries often get stuck in a disaster-recovery debt loop. Their game plan? Push wealthy nations to lock in long-term funding that’s more grant-based and less loan-heavy. 💡
But here’s the kicker: Rwanda’s also fighting for radical transparency. Imagine a climate finance version of ‘show your receipts’ – clear tracking of who’s pledging what, and where the money actually goes. 📊✨
The timing couldn’t be sharper. COP29’s main mission? Forging a post-$100 billion climate finance deal as the old 2009 target expires. President Paul Kagame put it bluntly: ‘Funding shouldn’t become another crisis for those already drowning in climate chaos.’ 🌐⚖️
