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Africa seeking to tap investment on climate action

AFP News Agency by AFP News Agency
September 4, 2023
in Latest, News, World
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Africa seeking to tap investment on climate action
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Kenya’s president opened a landmark African climate summit on Monday saying the continent had an “unparalleled opportunity” to benefit from action to tackle global warming.

The inaugural Africa Climate Summit in Nairobi comes ahead of a flurry of diplomatic meetings leading to the November COP28 climate summit in the oil-rich United Arab Emirates, which will likely be dominated by clashing visions for the world’s energy future.

The three-day event is billed as bringing together leaders from the 54-nation continent to define a shared vision of Africa’s green development — an ambitious aim in a politically and economically diverse region whose communities are among the most vulnerable to climate change.

“Delivering prosperity and wellbeing for Africa’s growing population without pushing the world deeper into climate disaster is not an abstract proposition, or mere wishful thinking. It is a real possibility, proven by science,” President William Ruto said in his opening address.

“The overarching theme… is the unparalleled opportunity that climate action represents for Africa,” he said.

“For a very long time we have looked at this as a problem. It is time we flipped and looked at it from the other side,” Ruto said.

“We must see in green growth not just a climate imperative but also a fountain of multi-billion-dollar economic opportunities that Africa and the world is primed to capitalise.”

Africa, he said, had the potential to be entirely energy self-sufficient through renewable resources, noting that Kenya itself aimed to be “100 percent renewable” by 2030.

Ruto has said that the international community must help unblock financing for the continent of 1.4 billion people and ease the mounting debt burden on African countries.

Joseph Nganga, Ruto’s appointee to head the summit, said the conference would demonstrate that “Africa is not just a victim but a dynamic continent with solutions for the world”.

Security has been tightened and roads closed around the summit venue in central Nairobi, where the government says 30,000 people have registered to attend the event.

Civil society groups are expected to protest near the conference against what they call its “deeply compromised agenda” and focus on rich-nation interests.

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