ADVERTISEMENT
TechEconomy
Monday, May 12, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Climate Change – Is Enough Being Done to Address the Global Threat?

Climate Change – Is Enough Being Done to Address the Global Threat?

Writer: DUNCAN MacFadyen and RENDANI NENGUDA

Techeconomy by Techeconomy
December 5, 2023
in Environment
0
Climate change and COP28
Climate change and COP28

Climate change and COP28

RelatedPosts

itel Solar Energy Opens First Customer Experience Centre in Alaba Market

itel Solar Energy Opens First Customer Experience Centre in Alaba Market

May 11, 2025

Turning Recycling Challenges into Opportunities

May 9, 2025
Duncan MacFadyen Oppenheimer
United BANK
Duncan MacFadyen is head of research, Oppenheimer Generations Research and Conservation

Oppenheimer Generations Research and Conservation (OGRC) supports a stronger, louder voice from Africa, and through its partners, has developed key programmes focussed on addressing and mitigating climate change. 

Global efforts to limit carbon emissions are falling short, developed countries have not coughed up the $100 billion promised to help developing countries meet targets, and the EU is set to impose carbon taxes that will hamstring Africa’s development ambitions.

Exactly how far countries have fallen short in meeting global climate goals and mitigating greenhouse gas emissions will be revealed by the first Global Stocktake due to be presented to delegates at COP28 in Dubai in early December.

Climate change and COP28
Climate change and COP28

In spite of these headwinds, OGRC research on ecosystem conservation, financing, carbon credits and wildlife economies will be highlighted at COP28 to show how African countries can put the brake on climate change while keeping the economy thriving.

As the world continues to heat up at an unprecedented rate, scientists grapple with trying to understand the global impact and the historical lack of decisive action. Climate has shifted temperatures and weather patterns, and although some of these changes are natural the dramatic fluctuations in temperatures and sporadic rainfall patterns are of great concern.

Scientists have persistently highlighted human activities, particularly the unbridled burning of fossil fuels such as coal, oil, and gas since the industrial revolution, as the primary drivers behind these observed changes.

“Freak weather events” – severe fires, changes in the rainfall patterns in tropical cyclones, heatwaves and flooding – have led to biodiversity loss, ecosystem degradation and mass extinctions.

These changes have damaged commercial agriculture, subsistence farming and household food security.

There is however hope. Government, business and industry are recognising that robust scientific data and recommendations from scientists are the solid base on which meaningful decisions are made.

At COP28, UAE, NGOs, politicians, scientists, youth, business, investors, civil society and frontline communities will engage in critical discussions and decision-making about global climate change.

The key themes to be addressed will include transforming climate finance by delivering on old promises, putting nature, people, lives, and livelihoods at the heart of climate action and fast-tracking the energy transition to slash emissions before 2030.

The aim is to limit the global temperature rise to below 2°C, preferably below 1.5°C, above pre-industrial levels. However, the latest Intergovernmental Panel on Climate Change (IPCC) report suggests that even with our best possible mitigation efforts, the chances of us limiting temperature rise to 1.5 degrees will not be achieved.

The Global Stocktake (GST) will provide a comprehensive assessment of progress made by countries to mitigate greenhouse gas emissions, adapt to the impacts of climate change, and provide support to developing nations in these endeavours.

Unfortunately, the developed world has fallen short of fulfilling its financial commitments of $100 billion in annual funding to assist developing countries reduce their emissions and manage the impacts of climate change.

The failure to fulfil financial commitments has further derailed the world in the ambition to reduce its emissions by 43% by 2030.

The financial commitment required to reach these reductions far outweighs what already heavily indebted developing countries require – yet undershoot the financial capacity the combined developed countries have the capacity to provide.

Yet, instead of meeting their obligations, the European Union has introduced the Carbon Border Adjustment Mechanism, a policy that imposes a carbon cost on certain imports based on the carbon emissions associated with the production of those goods.

The implications for African exports to the EU are substantial, potentially hindering the continent’s development ambitions and causing an annual GDP loss of around $31 billion.

The justification for the policy is to level the playing field for industries within the EU that are subject to strict emissions reduction requirements.

We have to question how this reasoning coming from nations that have benefited from fossil fuel use for over 250 years is justifiable, when they are yet to fulfil their commitments to ensure that we have the capacity to explore alternative greener technologies and transition from coal heavy industries to renewable energy sources.

In this context, it becomes evident that for any meaningful change to occur, Africa, where feasible, must assume a leadership role in shaping policies that not only articulate our needs but also position us advantageously in the global fight against climate change.

Recognising that climate change is a collective responsibility, Oppenheimer Generations Research and Conservation (OGRC) has committed to contributing to the global effort to combat the adverse effects of climate change. We view COP 28 as an invaluable platform to showcase the innovations and climate research done by our partners.

United BANK

Our Future Ecosystems for Africa (FEFA) programme, in collaboration with AGNES (African Group of Negotiators Expert Support) and OGRC, has recognised the need to mobilise African climate science and evidence on the continent, to feed into important discussions and provide an integrated, technical summary of the potential synergies and trade-offs between climate actions and sustainable development.

This work focuses on developing viable and pragmatic solutions to contemporary climate-related challenges, derived in collaboration with numerous other research partners, with the overarching goal of enhancing decision-making processes in relation to climate change and development on the African continent.

In line with COP28’s core theme of “investing in climate solutions by committing and investments in nature-positive projects, policies and practices, OGRC has partnered with the African Wildlife Economy Institute (AWEI) to address these aspects.

Conserving Africa’s biodiversity and the ecosystem services it provides should be central to climate change responses, given the high dependence of people on these services.

The key finding of the Africa chapter of the last IPCC report was that reduced species representation in protected areas is predicted due to climate-induced range shifts, with range shifts impeded by increasing land transformation and fencing.

African countries urgently need complementary conservation strategies to mitigate the effects of climate change on biodiversity.

Wildlife economies present one such strategy, which involves increasing the extent of conserved ecosystems and their connectivity, while also contributing to livelihoods and food security through sustainable wildlife use, including hunting, harvesting, meat, and tourism.

Our research also shows that wildlife economies have more diverse revenue streams than conventional agriculture, which builds their resilience to disturbance and change.

Wildlife economies can simultaneously contribute to climate change mitigation and adaptation in Africa through sequestering carbon while conserving biodiversity and promoting resilient livelihoods.

Another OGRC-supported programme, the African Leadership Universities (ALU), School of Wildlife Conservation, states “you can’t manage what you don’t measure”.

The key concept here is to gather consistent, comparable data on the impacts of climate change on wildlife economies across Africa.

In Africa, climate action alone is unlikely to succeed, but if combined with development in a way that wildlife is seen as a key strategic asset, it will encourage investment and finance in conservation.

OGRC has further invested in Rewild Capital, a carbon credits company. Experts from Rewild Capital use their knowledge of international carbon market dynamics and integration into global networks to reduce transaction information asymmetry and secure the best prices and terms for landowners across the continent.

Their carbon and rangeland scientists deal with the complexity of meeting international carbon standards requirements. From start to finish they take care of soil carbon measurements and analysis.

These measures ensure that Africa can lead in the mitigation of climate change, while securing livelihoods in non-forested African ecosystems.

Some of the major messages that will emerge from COP28 are on workstreams that will attract climate investment and finance, as well as assessing mitigation and adaptation response measures.

Research tells us that finance gaps across Africa are huge and that new, additional money is needed.

There is a strong feeling that new, multinational, scaled finances for long-term goals are required. So, there will be focus on securing new financial pledges, while encouraging fulfilment of old promises.

There will be a focus on adopting high level targets with clear delivery indicators, including the enhancement of adaptive capacity, with a hope of doubling finance. Negotiators will also be pushing for a clear roadmap to achieve these outcomes.

There will be a focus on developing countries and ensuring that all are supported through delivering on promises made at COP27, with a focus on compensation and provision for historical loss and damage.

*Duncan MacFadyen is head of research, and Rendani Nenguda research associate at, Oppenheimer Generations Research and Conservation.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: businesscivil societyClimate ChangeCOP28Duncan MacFadyenInvestorsNGOspoliticiansscientistsUAEYouth
Previous Post

APPLY – Deji Alli ARM Young Talent Award (DAAYTA) 2024 Call for Applications

Next Post

Why Virtual Mobile Operators Are Becoming Vital Components for Africa’s Economy

Techeconomy

Techeconomy

Related Posts

itel Solar Energy Opens First Customer Experience Centre in Alaba Market
Environment

itel Solar Energy Opens First Customer Experience Centre in Alaba Market

by Joan Aimuengheuwa
May 11, 2025
0

The Alaba store is designed to serve as a central access point for itel Solar Energy’s growing customer base

Read more
Foodstuff Store Recycle programme | recycling

Turning Recycling Challenges into Opportunities

May 9, 2025
Caleb Mutfwang | CNN Inside Africa and Agritech

CNN’s Inside Africa explores Nigerian Agritech

May 7, 2025
Renew Energy Nigeria by CADEF

CADEF Unveils ‘Renew Energy Nigeria’ Platform

April 25, 2025
Medical Equipment Waste

ADMIRe: Coalition Set to Tackle the Hidden Crisis of Medical Equipment Waste

April 24, 2025
Carbon Tax | InnoVent

Stricter Carbon Tax Regulations: InnoVent Helps Businesses Decarbonise IT at Scale

April 23, 2025
Next Post
Why Virtual Mobile Operators Are Becoming Vital Components for Africa’s Economy

Why Virtual Mobile Operators Are Becoming Vital Components for Africa's Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.