Africa Faces Steep Costs as Temperatures Soar, Says WMO 

A general view of flood water in South Tokar, Red Sea State, Sudan, August 28, 2024. (Reuters)
A general view of flood water in South Tokar, Red Sea State, Sudan, August 28, 2024. (Reuters)
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Africa Faces Steep Costs as Temperatures Soar, Says WMO 

A general view of flood water in South Tokar, Red Sea State, Sudan, August 28, 2024. (Reuters)
A general view of flood water in South Tokar, Red Sea State, Sudan, August 28, 2024. (Reuters)

Africa faces an increasingly heavy toll from climate change with many countries having to spend up to 9% of their budgets battling climate extremes, a World Meteorological Organization (WMO) report said on Monday.

Despite producing far lower greenhouse gas emissions than other continents, Africa's temperatures have risen more rapidly than the global average.

African countries are now losing on average 2%–5% of gross domestic product responding to deadly heatwaves, heavy rains, floods, cyclones, and prolonged droughts, said the WMO's State of the Climate in Africa 2023 report.

For sub-Saharan Africa, adapting to the changing climate will cost an estimated $30-50 billion per year over the next decade, it said, urging countries to invest in state meteorological and hydrological services and to speed up the implementation of early warning systems to save lives.

The warning comes as African countries mull how to use this year's UN COP meetings to secure a bigger share of global climate financing.

The 54-nation continent has been attracting more funds for climate mitigation and adaptation projects in recent years, but it still gets less than 1% of annual global climate financing, government officials said earlier in August.



Türkiye's Botas Buying 4 bcm of LNG from Shell in 10-year Deal

The logo of a Shell gas station is pictured in Ulm, Germany, April 6, 2017. REUTERS/Michaela Rehle
The logo of a Shell gas station is pictured in Ulm, Germany, April 6, 2017. REUTERS/Michaela Rehle
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Türkiye's Botas Buying 4 bcm of LNG from Shell in 10-year Deal

The logo of a Shell gas station is pictured in Ulm, Germany, April 6, 2017. REUTERS/Michaela Rehle
The logo of a Shell gas station is pictured in Ulm, Germany, April 6, 2017. REUTERS/Michaela Rehle

Turkish state energy company Botas and British oil major Shell signed a 10-year LNG agreement on Monday, the Turkish Energy Minister Alparslan Bayraktar said.

"A total of 40 LNG cargoes of approximately 4 billion cubic meters will be delivered annually for a period covering 10 years starting from 2027," Bayraktar said, Reuters reported.

"This agreement ... provides additional regional and global trade opportunities with the options of receiving (LNG) from the filling port and unloading to European terminals."

Speaking in the ceremony, Bayraktar said the deal has strengthened Turkey's prospects of becoming a natural gas centre and its role in playing a part in Europe's supply security.

Botas signed a 10-year LNG agreement with ExxonMobil in May, under which Botas will purchase up to 2.5 million tons of LNG per year from the US company.

Türkiye meets almost all of its consumption needs with imported gas and brought in 14.3 billion cubic metres (bcm), or 28.3% of the 50.5 bcm that it consumed last year, in the form of LNG.

Türkiye has the supply flexibility to a large part of national consumption needs with liquefied gas instead of pipeline gas if needed, with a gasification capacity of approximately 0.16 bcm per day, according to Reuters calculations.