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

USD -
AED 3.673035
AFN 71.737248
ALL 85.950658
AMD 390.129743
ANG 1.80229
AOA 911.99979
ARS 1086.981095
AUD 1.56445
AWG 1.8
AZN 1.697365
BAM 1.702302
BBD 2.018948
BDT 121.497239
BGN 1.702965
BHD 0.376854
BIF 2973.327009
BMD 1
BND 1.3076
BOB 6.909637
BRL 5.752102
BSD 0.999987
BTN 85.137752
BWP 13.660834
BYN 3.269781
BYR 19600
BZD 2.008591
CAD 1.38258
CDF 2877.000257
CHF 0.813399
CLF 0.024916
CLP 956.139469
CNY 7.29747
CNH 7.312445
COP 4283.16
CRC 502.735189
CUC 1
CUP 26.5
CVE 95.973157
CZK 21.8532
DJF 178.054353
DKK 6.50074
DOP 59.734619
DZD 132.005042
EGP 51.004145
ERN 15
ETB 133.411258
EUR 0.87084
FJD 2.252297
FKP 0.747304
GBP 0.747325
GEL 2.744984
GGP 0.747304
GHS 15.447544
GIP 0.747304
GMD 71.486468
GNF 8657.733601
GTQ 7.70292
GYD 209.769577
HKD 7.757855
HNL 25.922718
HRK 6.563402
HTG 130.792966
HUF 355.642501
IDR 16854.55
ILS 3.69804
IMP 0.747304
INR 85.141397
IQD 1309.931544
IRR 42125.000341
ISK 126.180135
JEP 0.747304
JMD 158.488661
JOD 0.709401
JPY 140.780503
KES 129.750119
KGS 86.874985
KHR 4003.568398
KMF 433.501311
KPW 900.060306
KRW 1424.779993
KWD 0.30578
KYD 0.833264
KZT 518.59363
LAK 21592.100854
LBP 89590.286995
LKR 299.882933
LRD 199.978241
LSL 18.63976
LTL 2.95274
LVL 0.60489
LYD 5.434693
MAD 9.21687
MDL 17.104112
MGA 4445.662911
MKD 53.571973
MMK 2099.542767
MNT 3539.927763
MOP 7.989364
MRU 39.617378
MUR 44.509965
MVR 15.396053
MWK 1733.911855
MXN 19.619405
MYR 4.391498
MZN 63.905033
NAD 18.63976
NGN 1603.849508
NIO 36.799937
NOK 10.323215
NPR 136.228529
NZD 1.666931
OMR 0.385013
PAB 0.999839
PEN 3.706018
PGK 4.136947
PHP 56.484501
PKR 280.684124
PLN 3.734649
PYG 8004.943795
QAR 3.645178
RON 4.334103
RSD 102.044102
RUB 81.600031
RWF 1440.663583
SAR 3.75104
SBD 8.326764
SCR 14.2173
SDG 600.506014
SEK 9.477104
SGD 1.308739
SHP 0.785843
SLE 22.774977
SLL 20969.483762
SOS 571.495716
SRD 36.859019
STD 20697.981008
SVC 8.749124
SYP 13001.950927
SZL 18.625399
THB 33.322496
TJS 10.649439
TMT 3.5
TND 2.960793
TOP 2.3421
TRY 38.25788
TTD 6.791625
TWD 32.509008
TZS 2685.000061
UAH 41.584451
UGX 3659.974846
UYU 42.222445
UZS 12908.700818
VES 80.85863
VND 25909
VUV 120.379945
WST 2.787305
XAF 570.906243
XAG 0.030402
XAU 0.000292
XCD 2.70255
XDR 0.709959
XOF 570.936057
XPF 103.802283
YER 245.250285
ZAR 18.60613
ZMK 9001.198139
ZMW 28.472334
ZWL 321.999592
  • CMSC

    0.1900

    21.9

    +0.87%

  • BCC

    1.0550

    91.855

    +1.15%

  • SCS

    0.0650

    9.485

    +0.69%

  • RBGPF

    0.1400

    63.59

    +0.22%

  • CMSD

    0.1600

    21.98

    +0.73%

  • JRI

    0.2710

    12.401

    +2.19%

  • BCE

    0.0100

    22.39

    +0.04%

  • NGG

    1.1700

    74.07

    +1.58%

  • RELX

    0.7050

    52.775

    +1.34%

  • BTI

    0.3450

    42.895

    +0.8%

  • AZN

    1.0200

    67.92

    +1.5%

  • BP

    0.7800

    28.86

    +2.7%

  • RIO

    1.0800

    59.55

    +1.81%

  • VOD

    0.3190

    9.549

    +3.34%

  • GSK

    0.2050

    36.655

    +0.56%

  • RYCEF

    0.3100

    9.6

    +3.23%

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