Technical Advisor at the Ministry of Finance, a key collaborator with the newly established Climate Finance Division, Abena Takyiwaa Asamoah-Okyere, has underscored the urgent need for developed nations to significantly increase financing for climate resilience in developing countries, which are already bearing the brunt of climate change’s devastating impacts.
In her interview with Danish television, Abena Asamoah-Okyere shared her independent perspective on the responsibilities of wealthier nations to help those most affected by climate impacts, particularly in terms of financial support for adaptation.
She argued that developed nations, having reaped economic benefits from fossil-fueled industrialization that caused global warming, have a moral responsibility to fund adaptation initiatives.
These include climate-resilient infrastructure, sustainable agriculture featuring drought-, heat-, and disease-resistant crop varieties suited to changing climates, and nature-based cooling solutions to address rising temperatures in urban areas.
“When things go wrong in the economies of developing countries, there is a direct and …