Country may be condemned to poverty if countries cut funding to gas projects – Tony Blair

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Mozambique: Country may be condemned to poverty if countries cut funding to gas projects – Tony Blair | Lusa report
Mozambique: Country may be condemned to poverty if countries cut funding to gas projects – Tony Blair | Lusa report

Africa-PressMozambique. Former British Prime Minister Tony Blair has warned developed countries that they risk condemning countries like Mozambique to poverty if they cut funding to all fossil fuel exploitation projects because of environmental concerns.

In a foreword to a report entitled “A Just Transition for Africa: Championing a Fair and Prosperous Pathway to Net Zero“, Blair warned of the consequences of ending funding for energy produced from natural gas.

If high-income countries (HICs)” attempt to limit development opportunities – for example, by ceasing funding for energy generated by gas, without making provisions for equally affordable alternatives – they risk condemning countries to continuing poverty and food insecurity. ”

An unintended effect could be African countries resorting to funding from “alternative finance partners, who could turn a blind eye to damaging environmental impacts.”

” Global climate action and the approach to net zero in Africa often fail to take into account the urgent need to develop and industrialise across much of the continent.,” he laments.

Blair argues that HICs should not only take on the lion’s share of greenhouse gas reductions to combat global warming, but also significantly increase funding associated with adapting and protecting developing countries from the impact of climate change.

Mozambique is highlighted in the study published on Thursday by the Tony Blair Institute for World Transformation as a flagship case, as the natural gas reserves in the north of the country represent potential for the country’s economic and social development.

While some of the natural gas extracted, which is not expected to happen until 2026, will be destined for domestic consumption, they note, most of it will be exported and will help other countries rely less on more polluting energy sources such as coal and oil.

“Harnessing the transformative power of gas is a development imperative that serves people, prosperity and the planet, while recognising the legitimate aspirations of Mozambicans”.

The report is published less than a month before the COP26 climate conference in Glasgow between 31 October and 12 November.

The conference will seek to put into practice the commitments of the Paris Agreement, reached in 2015, to limit global warming below two degrees Celsius, preferably to 1.5 degrees Celsius.

More than 120 world leaders are expected at a high-level meeting in the early days of COP26, which is expected to bring together some 25,000 participants, including politicians, activists, experts and national negotiators.

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