The China Mail - African climate summit seeks to showcase green power potential

USD -
AED 3.672504
AFN 64.500423
ALL 79.681969
AMD 363.314944
ANG 1.790365
AOA 916.999797
ARS 1514.270597
AUD 1.404208
AWG 1.8025
AZN 1.701959
BAM 1.703184
BBD 2.013646
BDT 122.674864
BGN 1.683441
BHD 0.37701
BIF 2995
BMD 1
BND 1.27508
BOB 9.817864
BRL 5.111203
BSD 0.999813
BTN 95.741151
BWP 13.568577
BYN 3.014404
BYR 19600
BZD 2.010772
CAD 1.40303
CDF 2310.000171
CHF 0.820645
CLF 0.024008
CLP 947.969969
CNY 6.695397
CNH 6.691605
COP 3205.21
CRC 447.264035
CUC 1
CUP 26.5
CVE 96.39991
CZK 21.209799
DJF 177.720516
DKK 6.51868
DOP 58.949908
DZD 133.645602
EGP 51.923099
ERN 15
ETB 163.266874
EUR 0.87202
FJD 2.238197
FKP 0.746662
GBP 0.74775
GEL 2.594966
GGP 0.746662
GHS 11.514966
GIP 0.746662
GMD 73.504639
GNF 8754.999955
GTQ 7.630277
GYD 209.132512
HKD 7.845115
HNL 26.838338
HRK 6.571503
HTG 130.669151
HUF 315.358498
IDR 17862
ILS 3.01405
IMP 0.746662
INR 95.71225
IQD 1309.739445
IRR 1374849.9998
ISK 120.510309
JEP 0.746662
JMD 157.569319
JOD 0.709061
JPY 157.357988
KES 129.529788
KGS 87.4495
KHR 4053.999813
KMF 430.000306
KPW 900.000318
KRW 1368.770075
KWD 0.30842
KYD 0.833134
KZT 448.570296
LAK 22430.000368
LBP 89549.999869
LKR 330.474084
LRD 172.850243
LSL 16.250188
LTL 2.95274
LVL 0.60489
LYD 6.354989
MAD 9.545995
MDL 17.560513
MGA 4363.785198
MKD 53.659579
MMK 2099.622693
MNT 3595.947098
MOP 8.079142
MRU 40.059657
MUR 47.659902
MVR 15.459986
MWK 1736.498035
MXN 17.207865
MYR 4.078898
MZN 63.900123
NAD 16.259715
NGN 1326.659854
NIO 36.79288
NOK 9.439299
NPR 153.18619
NZD 1.75111
OMR 0.3845
PAB 0.999726
PEN 3.37493
PGK 4.452592
PHP 62.751038
PKR 277.059879
PLN 3.78986
PYG 5950.431935
QAR 3.654295
RON 4.590197
RSD 102.285964
RUB 83.750725
RWF 1470.6766
SAR 3.755068
SBD 8.000512
SCR 13.941297
SDG 601.500271
SEK 9.836435
SGD 1.275801
SHP 0.747524
SLE 24.649948
SLL 20969.491881
SOS 571.358904
SRD 37.710505
STD 20697.981008
STN 21.335609
SVC 8.747562
SYP 13002.000254
SZL 16.265572
THB 33.218499
TJS 9.222905
TMT 3.51
TND 2.943779
TOP 2.40776
TRY 48.812802
TTD 6.793432
TWD 31.7591
TZS 2639.98298
UAH 44.758256
UGX 3929.235445
UYU 40.171729
UZS 11826.842692
VES 847.485098
VND 26022.5
VUV 117.918556
WST 2.750287
XAF 572.007521
XAG 0.014978
XAU 0.000229
XCD 2.70255
XCG 1.801858
XDR 0.707052
XOF 572.007521
XPF 103.856068
YER 236.550199
ZAR 16.233985
ZMK 9001.202988
ZMW 19.520776
ZWL 321.999592
SSP 5712.013969
MXV 1.950521
  • RBGPF

    -1.6900

    68.3

    -2.47%

  • BCC

    -0.0300

    75.66

    -0.04%

  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSD

    0.0900

    20.54

    +0.44%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • GSK

    0.8600

    51.08

    +1.68%

  • BCE

    -0.0700

    21.99

    -0.32%

  • NGG

    -0.1200

    76.68

    -0.16%

  • RELX

    0.0000

    33.41

    0%

  • AZN

    2.0200

    168.1

    +1.2%

  • JRI

    -0.0300

    11.52

    -0.26%

  • VOD

    0.0700

    17.02

    +0.41%

  • RYCEF

    -0.0100

    19.99

    -0.05%

  • BTI

    -0.0800

    55.75

    -0.14%

  • BP

    -1.4200

    43.16

    -3.29%

African climate summit seeks to showcase green power potential
African climate summit seeks to showcase green power potential / Photo: © AFP/File

African climate summit seeks to showcase green power potential

Kenya next week hosts a flagship climate conference designed to showcase Africa as a potential powerhouse for green energy, in the first of a flurry of big meetings ahead of crunch UN talks.

Text size:

With the world far adrift of its goal of slashing carbon emissions and communities battered by extreme weather events, the November climate summit in oil-rich United Arab Emirates will be dominated by clashing visions for energy.

Kenyan President William Ruto says he wants the first African Climate Summit, running in Nairobi from Monday to Wednesday, to help "deliver African solutions."

The goal is to transform the continent into the source of the world's revolution in green power -- but to achieve this, it needs an influx of funding and help for its debt burden.

Ruto and other African leaders have sought to show that "Africa is not a victim but a critical player in solving the world's climate crisis," said Mavis Owusu-Gyamfi of the African Center for Economic Transformation (ACET).

Africa, home to 1.2 billion people spread across 54 nations, is famously diverse, politically and economically.

Despite this, said Owusu-Gyamfi, its leaders have homed in on a set of climate priorities, from debt relief and low-carbon development to overhaul of the global financial architecture.

The hope is to generate momentum for a series of key international meetings leading up to COP28.

These include G20 negotiations in India, the UN General Assembly, and the World Bank and International Monetary Fund annual meeting in Marrakesh.

When Africa speaks "with one voice" on an issue, she said, it can be "impossible for the rest of the world to ignore."

- Green power -

The Nairobi meeting is expected to draw a number of African heads of state, EU chief Ursula von der Leyen and UN head Antonio Guterres and other leaders.

A draft version of the final declaration seen by AFP puts the spotlight on Africa's vast renewable energy potential, young workforce and natural assets.

Those include 40 percent of global reserves of cobalt, manganese, and platinum crucial for batteries and hydrogen fuel-cells.

Mohamed Adow, director of the think tank Power Shift Africa, said the conference was a chance to transform Africa into a place for making rather than extracting, and rise above rivalries between China, the United States and Europe.

"Just like we were able to leapfrog the fixed telephone line, this continent -- if it unites and uses this pivotal moment that we're now in -- we can effectively leapfrog dirty energy and become green leaders," he told AFP.

The draft declaration includes a provisional commitment to triple renewable energy potential across the continent from 20 percent in 2019 to 60 percent in 2030.

Kenya has taken the lead, with a pledge for renewables to make up 100 percent of its electricity mix by 2030.

But there are daunting challenges for a continent that is among the hardest-hit by climate impacts and where hundreds of millions of people lack access to electricity.

Despite hosting 60 percent of the world's best solar energy resources, Africa has roughly the same amount of installed capacity as Belgium, according to a commentary published last month by Ruto and the International Energy Agency chief Fatih Birol.

- 'Perspective shift' -

Charra Tesfaye Terfassa of the think tank E3G, welcomed the "perspective shift" on African development but said the continent's lack of political clout and financial weakness should not be underplayed.

Reminders of Africa's instability came this week, with a military takeover in Gabon that came little more than a month after a coup in Niger.

A clean energy transition across the world's developing nations will be crucial in order to keep alive the Paris Agreement goal of capping global warming "well below" two degrees Celsius since pre-industrial times, and 1.5C if possible.

To make that happen, the IEA says investment will need to surge to $2 trillion a year within a decade -- an eight-fold increase.

But currently only about three percent of energy investments worldwide are made in Africa.

Globally, wealthy nations have yet to meet their pledge to provide, by 2020, $100 billion a year in climate finance to poorer nations, eroding trust that polluters will help vulnerable countries least responsible for warming to tackle the challenges of climate change.

Against this unpromising background, African countries are hamstrung by a mounting debt crisis.

According to the World Bank, of nine countries that in March were in debt distress, eight were in Africa.

O.Tse--ThChM