The Japan Times - African leaders seek united front to press green growth goals

EUR -
AED 4.240541
AFN 72.158911
ALL 95.304313
AMD 425.375704
ANG 2.067088
AOA 1059.832402
ARS 1664.7973
AUD 1.642717
AWG 2.080988
AZN 1.968207
BAM 1.951635
BBD 2.324459
BDT 141.868459
BGN 1.927924
BHD 0.435358
BIF 3447.340318
BMD 1.154501
BND 1.483846
BOB 7.975049
BRL 5.990591
BSD 1.154047
BTN 110.049091
BWP 15.610819
BYN 3.187625
BYR 22628.22178
BZD 2.321166
CAD 1.610587
CDF 2627.644264
CHF 0.922104
CLF 0.026893
CLP 1058.44555
CNY 7.819148
CNH 7.825976
COP 4129.396485
CRC 532.568028
CUC 1.154501
CUP 30.594279
CVE 110.428292
CZK 24.162903
DJF 205.178601
DKK 7.47405
DOP 67.249929
DZD 154.325617
EGP 59.710727
ERN 17.317517
ETB 182.670883
FJD 2.562185
FKP 0.864939
GBP 0.863393
GEL 3.059266
GGP 0.864939
GHS 13.519288
GIP 0.864939
GMD 84.278477
GNF 10133.634936
GTQ 8.797301
GYD 241.456784
HKD 9.048229
HNL 30.779149
HRK 7.535079
HTG 150.899264
HUF 355.955357
IDR 20641.325367
ILS 3.400652
IMP 0.864939
INR 110.353013
IQD 1512.396456
IRR 1587641.065839
ISK 143.386226
JEP 0.864939
JMD 182.241069
JOD 0.81854
JPY 185.130057
KES 149.346122
KGS 100.960771
KHR 4632.44326
KMF 492.972321
KPW 1038.883885
KRW 1761.179684
KWD 0.357075
KYD 0.961756
KZT 563.56215
LAK 25401.919878
LBP 103385.574505
LKR 389.512093
LRD 210.696249
LSL 19.072203
LTL 3.408941
LVL 0.698346
LYD 7.354046
MAD 10.687152
MDL 20.069343
MGA 4854.677272
MKD 61.653871
MMK 2423.497754
MNT 4131.587691
MOP 9.3153
MRU 46.324395
MUR 55.289178
MVR 17.848318
MWK 2004.213693
MXN 20.132826
MYR 4.689349
MZN 73.781799
NAD 19.060809
NGN 1570.121855
NIO 42.289462
NOK 10.982196
NPR 176.078745
NZD 1.984702
OMR 0.443931
PAB 1.154147
PEN 3.960805
PGK 5.056427
PHP 70.994889
PKR 321.35543
PLN 4.242272
PYG 7107.692102
QAR 4.208732
RON 5.236822
RSD 117.37702
RUB 83.09944
RWF 1687.880625
SAR 4.335034
SBD 9.288623
SCR 15.537236
SDG 693.28319
SEK 10.930009
SGD 1.485197
SHP 0.861952
SLE 28.458136
SLL 24209.313482
SOS 659.789127
SRD 43.263757
STD 23895.842073
STN 24.764049
SVC 10.098536
SYP 127.60943
SZL 19.072648
THB 37.971985
TJS 10.767713
TMT 4.052299
TND 3.358155
TOP 2.779761
TRY 53.210032
TTD 7.828361
TWD 36.458909
TZS 3013.245575
UAH 51.845054
UGX 4353.746125
USD 1.154501
UYU 46.720695
UZS 13882.875494
VES 654.571184
VND 30398.014258
VUV 137.714246
WST 3.170667
XAF 654.565722
XAG 0.017661
XAU 0.000271
XCD 3.120097
XCG 2.079979
XDR 0.817855
XOF 657.484903
XPF 119.331742
YER 275.521999
ZAR 19.130665
ZMK 10391.889075
ZMW 20.497433
ZWL 371.748887
  • RBGPF

    1.4900

    61.5

    +2.42%

  • CMSC

    -0.0500

    22.31

    -0.22%

  • JRI

    0.2600

    12.72

    +2.04%

  • BCC

    2.0400

    70.01

    +2.91%

  • VOD

    -0.1400

    14.67

    -0.95%

  • RYCEF

    -0.1500

    16.37

    -0.92%

  • BCE

    0.4000

    24.58

    +1.63%

  • RELX

    0.4200

    34.94

    +1.2%

  • RIO

    0.4900

    101.42

    +0.48%

  • CMSD

    -0.1300

    22.28

    -0.58%

  • BTI

    0.2600

    59.95

    +0.43%

  • AZN

    1.8800

    183.43

    +1.02%

  • BP

    -1.0500

    42.67

    -2.46%

  • NGG

    0.9100

    81.08

    +1.12%

  • GSK

    0.6100

    51.25

    +1.19%

African leaders seek united front to press green growth goals
African leaders seek united front to press green growth goals / Photo: TONY KARUMBA - 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.

T.Shimizu--JT