Climate Finance and Carbon Pricing in the Context of Africa’s Continental Free Trade Area

February 8, 2021 Modern Ghana 0 Comments

Due to the ongoing alarming climate changes experienced worldwide through temperature changes, precipitation and wind patterns since mid-20th century till now, many initiatives have been adopted and implemented in efforts to sustain the environment, the people and the economies, by all stakeholders. This is led by international institutions like the United Nations, the World Bank and many others. The Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC) adopted in 2015 in Paris and ratified by 190 countries is one of those initiatives. It was hatched at the 21st Conference of the Parties (COP21). It aims to reduce the emission of greenhouse gas (GHG) to the levels that would prevent the global temperature from rising to more than 2°C above the pre-industrial temperature and to build resilience to climate change. Read More.

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