The China Mail - African leaders seek united front to press green growth goals

USD -
AED 3.672504
AFN 63.502065
ALL 83.129935
AMD 367.929695
ANG 1.790403
AOA 917.510825
ARS 1479.001976
AUD 1.449171
AWG 1.80125
AZN 1.703002
BAM 1.724577
BBD 2.013888
BDT 122.992813
BGN 1.69088
BHD 0.377147
BIF 2984.81535
BMD 1
BND 1.298984
BOB 6.909809
BRL 5.212501
BSD 0.999934
BTN 94.624111
BWP 13.680173
BYN 2.818068
BYR 19600
BZD 2.01104
CAD 1.42306
CDF 2269.000078
CHF 0.812397
CLF 0.023341
CLP 918.649878
CNY 6.7905
CNH 6.81377
COP 3446.19
CRC 455.186766
CUC 1
CUP 26.5
CVE 97.22259
CZK 21.3314
DJF 177.720414
DKK 6.5809
DOP 58.613453
DZD 133.491532
EGP 49.606497
ERN 15
ETB 158.649909
EUR 0.880397
FJD 2.26715
FKP 0.758197
GBP 0.75975
GEL 2.640017
GGP 0.758197
GHS 11.199781
GIP 0.758197
GMD 72.495399
GNF 8761.518452
GTQ 7.627362
GYD 209.162776
HKD 7.839898
HNL 26.7202
HRK 6.633503
HTG 130.744947
HUF 313.043501
IDR 17967
ILS 2.987899
IMP 0.758197
INR 94.47035
IQD 1310
IRR 1375050.00053
ISK 126.949859
JEP 0.758197
JMD 157.488647
JOD 0.708979
JPY 161.762995
KES 129.529453
KGS 87.450149
KHR 4017.494974
KMF 433.999843
KPW 900.00035
KRW 1542.304285
KWD 0.30949
KYD 0.833297
KZT 486.623047
LAK 22065.000091
LBP 89549.999851
LKR 337.341005
LRD 182.250303
LSL 16.590249
LTL 2.95274
LVL 0.60489
LYD 6.405016
MAD 9.415501
MDL 17.709096
MGA 4224.999805
MKD 54.277663
MMK 2099.539901
MNT 3580.066416
MOP 8.076099
MRU 40.069821
MUR 48.210313
MVR 15.449856
MWK 1736.999969
MXN 17.60321
MYR 4.137983
MZN 63.909993
NAD 16.589831
NGN 1373.859715
NIO 36.610486
NOK 9.83597
NPR 151.394749
NZD 1.770852
OMR 0.384501
PAB 0.999965
PEN 3.421971
PGK 4.38325
PHP 61.409505
PKR 278.049549
PLN 3.77355
PYG 6099.351442
QAR 3.644965
RON 4.609596
RSD 103.362977
RUB 74.875012
RWF 1466
SAR 3.741267
SBD 8.051953
SCR 14.699001
SDG 599.999684
SEK 9.74879
SGD 1.297495
SHP 0.746601
SLE 24.803112
SLL 20969.503664
SOS 571.501729
SRD 37.459634
STD 20697.981008
STN 21.675
SVC 8.749173
SYP 110.532098
SZL 16.590069
THB 33.430162
TJS 9.284423
TMT 3.5
TND 2.937498
TOP 2.40776
TRY 46.49367
TTD 6.780184
TWD 31.815897
TZS 2620.57021
UAH 44.88455
UGX 3689.350352
UYU 39.918699
UZS 12015.000302
VES 620.752985
VND 26335
VUV 118.798432
WST 2.761642
XAF 578.424923
XAG 0.017413
XAU 0.00025
XCD 2.70255
XCG 1.802141
XDR 0.716966
XOF 573.000468
XPF 105.498209
YER 238.624983
ZAR 16.558699
ZMK 9001.197731
ZMW 18.024056
ZWL 321.999592
  • RBGPF

    0.9600

    61.3

    +1.57%

  • RYCEF

    -0.4700

    18.16

    -2.59%

  • CMSC

    -0.0450

    22.065

    -0.2%

  • CMSD

    0.0600

    22.02

    +0.27%

  • RIO

    -1.5500

    94.03

    -1.65%

  • RELX

    -0.0600

    31.15

    -0.19%

  • BCE

    0.1600

    23.2

    +0.69%

  • AZN

    2.0000

    183.02

    +1.09%

  • GSK

    -0.9800

    51.09

    -1.92%

  • BCC

    5.8600

    77.66

    +7.55%

  • VOD

    -0.2400

    13.81

    -1.74%

  • NGG

    1.2600

    82.83

    +1.52%

  • BP

    -1.4700

    37.86

    -3.88%

  • BTI

    0.6500

    61.39

    +1.06%

  • JRI

    -0.0600

    12.57

    -0.48%

African leaders seek united front to press green growth goals
African leaders seek united front to press green growth goals / Photo: © AFP/File

African leaders seek united front to press green growth goals

Landmark African climate talks are set to wrap up Wednesday with leaders seeking a united voice to highlight the continent's green growth potential provided the world steps up help for funding and debt.

Text size:

Africa is acutely vulnerable to the growing impacts of climate change, yet Kenyan President William Ruto has fought for a narrative shift at the conference, focusing on accelerating the region's clean energy transition.

A final declaration from the Africa Climate Summit in Nairobi is expected to call on the international community to help achieve that goal by easing the continent's crushing debt burden and reforming the global financial system to unblock investment.

Leaders will also demand that rich carbon polluters honour long-standing climate pledges for poorer nations.

Analysts say unity could generate momentum for a series of key gatherings leading to a crunch UN climate summit starting in November, including the G20 meeting this weekend.

But consensus is challenging across the diverse continent of 1.4 billion people, where some governments are championing a renewable-powered future while others defend their reserves of fossil fuels.

Competing visions of the world's energy future are likely to play out at the COP28 talks in the oil-rich United Arab Emirates, where the world will take stock of the as-yet-inadequate efforts to slash planet-heating emissions.

- African potential -

Speaking to his counterparts on Tuesday at the Nairobi talks, Ruto said African leaders were envisioning a "future where Africa finally steps into the stage as an economic and industrial power, an effective and positive actor on a global arena".

Ruto says Africa is well placed to take advantage of the need to move away from carbon-spewing fossil fuels, boasting a young population, vast renewable potential and natural resources.

This includes around 40 percent of global reserves of cobalt, manganese, and platinum crucial for batteries and hydrogen fuel cells.

Kenya has become a leader on renewables, pledging that they will make up 100 percent of its electricity mix by 2030.

Efforts at the summit to up investment in renewables were given a boost on Tuesday, with the UAE pledging $4.5 billion to accelerate Africa's switch to clean energy.

But there are daunting challenges for a continent where hundreds of millions lack access to electricity.

The International Energy Agency (IEA) has said Africa hosts 60 percent of the world's best solar energy resources. But it currently lures only three percent of energy investments.

- Global overhaul -

African countries facing mounting debt costs and a dearth of funds have called for a complete overhaul of the global financial architecture, adding to pressure on the International Monetary Fund (IMF) and World Bank to unlock investment and climate finance.

Africa is among the hardest-hit by climate impacts and countries are pressing the world's wealthy polluters to make good on their pledge to provide $100 billion a year for clean energy and to help them brace for climate impacts.

Vulnerable nations least responsible for warming have won recognition for the need to have separate funding to help them cope with the effects of the heatwaves, droughts and floods already battering communities across the world.

In a report released this week Oxfam said the devastating drought that has gripped Ethiopia, Kenya and Somalia -- which scientists say has been made more severe by climate change -- as well as floods in South Sudan, have caused losses of between $15 billion and $30 billion in the two years to 2022, or around two to four percent of the region's GDP.

It estimated that between 2021 and 2023 the four countries lost about $7.4 billion in livestock alone.

"Millions of already struggling people saw their animals die and lost their ability to grow, sell or eat nutritious food, plunging them into even greater poverty and hunger," the report said.

H.Ng--ThChM