mmegi

Climate vulnerability, underfunding could undo economic gains

Seeking partnerships: Serame says the country needs external partners to help fund climate resilience programmes PIC: KENNEDY RAMOKONE
Seeking partnerships: Serame says the country needs external partners to help fund climate resilience programmes PIC: KENNEDY RAMOKONE

DUBAI: Overlooking Botswana’s climate vulnerability and needs could be detrimental to the country’s adaptation plans as well as its overall economic status, Finance Minister Peggy Serame has told the COP28 meeting.

Addressing a United Nations Environment-themed session entitled 'Unleashing Climate Resilient Infrastructure Investments', yesterday afternoon at COP28, Serame stressed that Botswana’s classification as an upper middle-income country was constraining the semi-arid nation’s access to climate-related financial assistance.

“Climate finance is very important for climate resilient infrastructure,” she said. “When it comes to financing, Botswana’s classification as a high-income country comes at a cost. “There is a need to critically look at the needs, risks, and vulnerabilities because if we are not assisted Botswana might slip back.”

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up