By Abbas Nazil
World leaders convened in Baku, Azerbaijan, for the 29th Conference of Parties (COP29) on Climate Change in November 2024, where the urgent global need to combat climate change took center stage.
Despite two weeks of heated negotiations on carbon reduction targets, greenhouse gas emissions, and climate adaptation financing, developing nations, including Nigeria, left the summit with familiar concerns over unfulfilled promises of financial support and technology transfer.
The conference reiterated commitments to the Paris Agreement and saw pledges of financial support by developed nations, but for many in the Global South, these pledges echoed past promises that remain largely unmet.
Notably, the $100 billion annual climate finance for developing countries, a cornerstone pledge made over a decade ago, has yet to materialize fully.
This persistent failure has left nations struggling to combat the escalating impacts of climate change without the necessary resources.
Africa, which contributes less than 4 percent of global carbon emissions, bears a disproportionate brunt of the crisis.
The Sahel region and other parts of the continent have been ravaged by unprecedented flooding, drought, desertification, and erratic weather patterns, all of which threaten agriculture and livelihoods.
In Nigeria, several states, including Adamawa, Akwa Ibom, Bauchi, Delta, and Borno, faced devastating floods in 2024.
Farmlands and entire communities were submerged, displacing thousands and exacerbating food insecurity.
Experts estimate that Nigeria requires approximately six mega dams and about 3 percent of its GDP to mitigate the recurring flood disasters.
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Despite receiving billions of naira for disaster preparedness earlier in the year, state governments were overwhelmed by the scale of the flooding, prompting President Bola Tinubu to establish a technical committee to assess the integrity of the nation’s dams and recommend long-term solutions.
While the Global South grapples with these challenges, the lack of robust financing mechanisms continues to hinder meaningful adaptation efforts.
For nations like Nigeria, transitioning to green energy infrastructure comes with astronomical costs that are unattainable without external support.
The emphasis on achieving “net-zero” emissions targets, though significant, has drawn criticism for being overly ambitious and detached from the realities of developing nations, where basic infrastructure needs remain unmet.
The conference did see progress in some areas, such as carbon market mechanisms, but these advancements offer little solace to countries confronting the immediate and tangible impacts of climate change.
In the absence of tangible financial support and actionable commitments from the Global North, many in the Global South remain skeptical of the real intentions behind the lofty goals set at COP29.
Developing nations, particularly in Africa, continue to call for the fulfillment of financial commitments to bridge the gap between rhetoric and action.
The repeated cycle of unkept promises not only undermines trust but also jeopardizes the collective global effort to curb climate change.
For countries like Nigeria, the need for genuine, actionable support is more urgent than ever to safeguard lives, livelihoods, and the environment.
As the world grapples with the escalating climate crisis, leaders from the Global South demand more than words.
They seek a transformation of pledges into concrete actions that can truly drive global development and secure a sustainable future for all.
