Two months before the start of COP29 in Baku, at which a new climate financing system is to be adopted, new data highlights the economic impact of the climate crisis on African countries. According to a new report by the World Meteorological Organization (WMO), countries are already losing between two and five percent of their gross domestic product on average due to the consequences of climate change. Many of these countries already struggle with high debt levels and have little access to the international financial market. Moreover, African countries have hardly benefited from the oil boom of recent years, which could have reduced the burden on their budgets.