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Next Africa: Oil Resource Curse Clouds Climate Change Debate

Bloomberg · Antony Sguazzin · last updated

As the next COP climate summit approaches, African nations from Senegal to South Africa are clamoring for the right to develop fossil fuel assets — but the world’s richest nations are urging them to put environmental concerns first.

 

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Related Knowledge Center: Climate diplomacy: COP 27

State of Play

The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.

But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.

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