South Africa’s climate change road map, submitted in Paris, stated that the country would not be able to achieve our intended targets if we did not receive some financial assistance. The South African delegation was also incensed by proposals that climate change funding should be limited to the least developed countries only.
Environmental Affairs Minister Edna Molewa said South Africa needed financial assistance to help the country move to a low-carbon economy.
“We are a developing nation, and we need the funds to switch,” she said. “We, as South Africa, are quite insistent that rich countries should come to the party with financing.”
How much money nations need is still unclear. Even South Africa’s financial need is quite vague. A large part of the negotiations this year, and probably next year, will be to iron out a mechanism to determine what will be needed and how to measure what is being donated.
At the Copenhagen talks in 2009, rich nations committed themselves to giving $100 billion to the fund by 2020.
“But we know that is not nearly enough,” said Rashmi Mistry, climate change adviser at Oxfam SA. “What we need going forward is the money to be scaled up.”