{"id":104608,"date":"2025-04-19T10:24:52","date_gmt":"2025-04-19T07:24:52","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=104608"},"modified":"2025-04-19T10:24:52","modified_gmt":"2025-04-19T07:24:52","slug":"pacja-unveils-global-push-for-climate-economic-justice","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2025\/04\/pacja-unveils-global-push-for-climate-economic-justice\/","title":{"rendered":"PACJA unveils global push for climate, economic justice"},"content":{"rendered":"<p><strong>NAIROBI, Kenya, Apr 18 &#8211; The Pan-African Climate Justice Alliance (PACJA) has launched the African chapter of a global campaign challenging exploitative financial systems blamed for worsening poverty and deepening climate vulnerability across the continent.<\/strong><\/p>\n<p>Speaking in Nairobi, PACJA Executive Director Mithika Mwenda described Africa\u2019s debt crisis as a humanitarian emergency and criticized international climate finance frameworks for failing to address the scale of the crisis.<\/p>\n<p>\u201cWe cannot build a just and sustainable world on the foundation of unjust debt and exploitative financial systems,\u201d said Mwenda.<\/p>\n<p>\u201cPledging billions at COP29 when trillions are needed is not climate leadership\u2014it\u2019s climate negligence.\u201d<\/p>\n<p>Mwenda decried climate financing models that rely heavily on loans instead of grants, warning that such mechanisms increase debt burdens on already struggling economies.<\/p>\n<p>The campaign specifically targets policies and loan conditions imposed by multilateral lenders such as the International Monetary Fund (IMF) and the World Bank\u2014institutions accused of enforcing austerity, shrinking public services, and reinforcing systemic poverty.<\/p>\n<p>\u201cThese policies hurt women first,\u201d campaigners said, pointing to the disproportionate impact of service cuts on access to healthcare, education, and social protections for women and children.<\/p>\n<p>ActionAid\u2019s Regional Climate Justice Advisor Sheila Apiny echoed these sentiments, calling for deep structural reforms.<\/p>\n<p>\u201cFor 40 years, Africa has borne the burden of neoliberal economic policies disguised as adjustment and reform,\u201d she said.<\/p>\n<p>The campaign is also taking aim at global tax injustice, arguing that while citizens are burdened with taxes, wealthy individuals and multinational corporations continue to exploit loopholes and avoid contributing to the public good.<\/p>\n<p>Despite bearing the brunt of climate impacts, African nations remain at the mercy of global systems that favor the wealthiest 1 percent\u2014who not only contribute significantly to climate change but also dominate policy spaces and institutions.<\/p>\n<p>Mwenda further warned that Africa\u2019s vast deposits of critical minerals\u2014central to the green energy transition\u2014risk becoming a new frontier of resource exploitation unless equity and sustainability are prioritized.<\/p>\n<p>The campaign aligns with the African Union\u2019s 2025 theme on justice and reparations and coincides with the 80th anniversary of the Bretton Woods institutions, whose global financial influence is under growing scrutiny.<\/p>\n<p>Jackson Braganza, Executive Director of the African Forum and Network on Debt and Development (AFRODAD), called out the inherent conflict of interest within multilateral lenders.<\/p>\n<p>\u201cThese institutions remain primarily accountable to creditors and funders, not the countries they claim to support,\u201d he said.<\/p>\n<p>As part of its global push, PACJA will leverage key international events in 2025\u2014including the World Social Summit in Qatar, the Financing for Development Conference in Spain, and COP30 in Brazil\u2014to amplify its demands.<\/p>\n<p>These include debt cancellation, a permanent end to austerity measures, increased public investment, and climate finance approaches that prioritize justice and equity over debt accumulation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, Apr 18 &#8211; The Pan-African Climate Justice Alliance (PACJA) has launched the African chapter of a global campaign challenging exploitative financial systems blamed for worsening poverty and deepening climate vulnerability across the continent. Speaking in Nairobi, PACJA Executive Director Mithika Mwenda described Africa\u2019s debt crisis as a humanitarian emergency and criticized international climate [&hellip;]<\/p>\n","protected":false},"author":12320,"featured_media":104609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[687],"tags":[6841,744,934,22759,22760,5520,7521],"coauthors":[700],"class_list":["post-104608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-stories","tag-climate","tag-economic","tag-featured","tag-global-push","tag-justice","tag-pacja","tag-unveils"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PACJA unveils global push for climate, economic justice - Capital Business<\/title>\n<meta name=\"description\" content=\"NAIROBI, Kenya, Apr 18 - The 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