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

USD -
AED 3.673042
AFN 70.194145
ALL 87.342841
AMD 389.04246
ANG 1.80229
AOA 917.000367
ARS 1111.647519
AUD 1.55885
AWG 1.8
AZN 1.70397
BAM 1.738435
BBD 2.017593
BDT 121.453999
BGN 1.73832
BHD 0.376738
BIF 2972.677596
BMD 1
BND 1.297259
BOB 6.907279
BRL 5.648504
BSD 0.999245
BTN 85.280554
BWP 13.549247
BYN 3.271247
BYR 19600
BZD 2.007197
CAD 1.39435
CDF 2872.000362
CHF 0.832049
CLF 0.024361
CLP 934.834955
CNY 7.237304
CNH 7.24022
COP 4237.5
CRC 507.174908
CUC 1
CUP 26.5
CVE 98.250394
CZK 22.179804
DJF 177.937714
DKK 6.632104
DOP 58.79426
DZD 133.028566
EGP 50.592208
ERN 15
ETB 134.071527
EUR 0.888604
FJD 2.269204
FKP 0.751681
GBP 0.751965
GEL 2.74504
GGP 0.751681
GHS 13.15039
GIP 0.751681
GMD 71.503851
GNF 8653.427518
GTQ 7.68865
GYD 209.738061
HKD 7.778675
HNL 25.959394
HRK 6.698104
HTG 130.498912
HUF 359.260388
IDR 16550.45
ILS 3.54625
IMP 0.751681
INR 85.41285
IQD 1310
IRR 42100.000352
ISK 130.610386
JEP 0.751681
JMD 158.834244
JOD 0.709304
JPY 145.377504
KES 129.503801
KGS 87.450384
KHR 4000.177707
KMF 436.503794
KPW 900.000002
KRW 1396.150383
KWD 0.306704
KYD 0.833015
KZT 515.881587
LAK 21610.000349
LBP 89600.000349
LKR 298.663609
LRD 199.848949
LSL 18.250381
LTL 2.95274
LVL 0.60489
LYD 5.476032
MAD 9.252504
MDL 17.132267
MGA 4495.979386
MKD 54.675907
MMK 2099.733149
MNT 3573.792034
MOP 8.008568
MRU 39.809854
MUR 45.710378
MVR 15.403739
MWK 1732.640277
MXN 19.43815
MYR 4.297039
MZN 63.903729
NAD 18.250377
NGN 1607.110377
NIO 36.767515
NOK 10.37227
NPR 136.448532
NZD 1.692119
OMR 0.384771
PAB 0.999604
PEN 3.641039
PGK 4.147674
PHP 55.367038
PKR 281.409214
PLN 3.761969
PYG 7988.804478
QAR 3.64075
RON 4.549804
RSD 104.183425
RUB 82.455285
RWF 1436.403216
SAR 3.750872
SBD 8.343881
SCR 14.195211
SDG 600.503676
SEK 9.712185
SGD 1.298104
SHP 0.785843
SLE 22.750371
SLL 20969.483762
SOS 571.060465
SRD 36.702504
STD 20697.981008
SVC 8.746395
SYP 13001.854971
SZL 18.166067
THB 32.960369
TJS 10.345808
TMT 3.51
TND 3.01625
TOP 2.342104
TRY 38.771315
TTD 6.790839
TWD 30.261404
TZS 2695.455151
UAH 41.510951
UGX 3658.552845
UYU 41.785367
UZS 12885.000334
VES 92.71499
VND 25978.5
VUV 121.00339
WST 2.778525
XAF 582.839753
XAG 0.03055
XAU 0.0003
XCD 2.70255
XDR 0.724866
XOF 582.839753
XPF 106.450363
YER 244.450363
ZAR 18.19765
ZMK 9001.203587
ZMW 26.305034
ZWL 321.999592
  • RBGPF

    65.2700

    65.27

    +100%

  • BCC

    -0.9600

    88.62

    -1.08%

  • RELX

    0.3486

    53.85

    +0.65%

  • SCS

    -0.0200

    10.46

    -0.19%

  • NGG

    0.5100

    70.69

    +0.72%

  • RYCEF

    0.0500

    10.55

    +0.47%

  • RIO

    0.8000

    59.98

    +1.33%

  • VOD

    0.0500

    9.3

    +0.54%

  • CMSC

    -0.0500

    22.06

    -0.23%

  • GSK

    -0.2500

    36.62

    -0.68%

  • JRI

    0.0300

    12.98

    +0.23%

  • BCE

    0.4800

    22.71

    +2.11%

  • CMSD

    0.0100

    22.34

    +0.04%

  • BTI

    -1.6600

    41.64

    -3.99%

  • BP

    1.1800

    29.77

    +3.96%

  • AZN

    0.2700

    67.57

    +0.4%

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