In Tanzania

2 months ago | africanarguments.org | In Tanzania |Erick Kabendera

2025 could be a milestone on climate finance, providing the much-needed and much-overdue funds for the world’s most climate vulnerable. The unique opportunity to make this happen is rapidly approaching at the UN’s International Maritime Organization (IMO) as governments finalise negotiations on a global carbon price on the 1 billion tonnes of annual emissions from international shipping.

2 months ago | finance.einnews.com | In Tanzania |Erick Kabendera

If done justly and equitably, a shipping levy – to be finalised in April – could provide a lifeline for urgent climate action. The world’s leading economists believe a $150-300 levy is the best way to deliver an energy transition at a low cost while generating revenues to promote economic equality. Credit: Andrew Bone. 2025 could be a milestone on climate finance, providing the much-needed and much-overdue funds for the world’s most climate vulnerable.