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

EUR -
AED 4.31146
AFN 77.552815
ALL 96.490006
AMD 447.387397
ANG 2.1015
AOA 1076.545647
ARS 1686.460724
AUD 1.760602
AWG 2.116111
AZN 1.99315
BAM 1.95662
BBD 2.360179
BDT 143.199982
BGN 1.956637
BHD 0.442544
BIF 3463.35069
BMD 1.173987
BND 1.515741
BOB 8.097392
BRL 6.345873
BSD 1.171786
BTN 105.771304
BWP 16.540858
BYN 3.43814
BYR 23010.14023
BZD 2.356777
CAD 1.616715
CDF 2623.86079
CHF 0.932964
CLF 0.02736
CLP 1073.317806
CNY 8.286057
CNH 8.278702
COP 4464.965093
CRC 583.546915
CUC 1.173987
CUP 31.110649
CVE 110.311206
CZK 24.201973
DJF 208.666515
DKK 7.469115
DOP 75.041752
DZD 152.174529
EGP 55.805107
ERN 17.609801
ETB 182.47371
FJD 2.66706
FKP 0.874416
GBP 0.876262
GEL 3.169235
GGP 0.874416
GHS 13.452635
GIP 0.874416
GMD 85.700954
GNF 10192.269224
GTQ 8.974759
GYD 245.122674
HKD 9.137837
HNL 30.851054
HRK 7.535468
HTG 153.462974
HUF 382.616951
IDR 19524.690979
ILS 3.759816
IMP 0.874416
INR 106.058551
IQD 1535.042982
IRR 49436.581934
ISK 148.204435
JEP 0.874416
JMD 187.737838
JOD 0.832368
JPY 182.800889
KES 151.11573
KGS 102.665441
KHR 4690.944912
KMF 493.074524
KPW 1056.583646
KRW 1729.94575
KWD 0.360027
KYD 0.976509
KZT 610.165579
LAK 25415.645822
LBP 104936.154484
LKR 362.38179
LRD 206.826633
LSL 19.845112
LTL 3.466477
LVL 0.710133
LYD 6.364639
MAD 10.779015
MDL 19.956359
MGA 5197.154791
MKD 61.561122
MMK 2465.687013
MNT 4164.573128
MOP 9.392234
MRU 46.451655
MUR 53.909635
MVR 18.090815
MWK 2031.942463
MXN 21.162074
MYR 4.804542
MZN 75.011046
NAD 19.845112
NGN 1701.552826
NIO 43.118061
NOK 11.81033
NPR 169.234608
NZD 2.018902
OMR 0.451397
PAB 1.171791
PEN 3.949454
PGK 4.972061
PHP 69.293982
PKR 329.571844
PLN 4.22215
PYG 8008.320328
QAR 4.270789
RON 5.091231
RSD 117.392861
RUB 93.000534
RWF 1705.607162
SAR 4.405546
SBD 9.662606
SCR 16.594891
SDG 706.148212
SEK 10.862781
SGD 1.515406
SHP 0.880794
SLE 28.293557
SLL 24617.912895
SOS 668.477157
SRD 45.301212
STD 24299.155382
STN 24.510162
SVC 10.253295
SYP 12982.392397
SZL 19.839226
THB 37.168443
TJS 10.804126
TMT 4.108954
TND 3.435839
TOP 2.826678
TRY 50.121365
TTD 7.952331
TWD 36.617932
TZS 2887.993286
UAH 49.462107
UGX 4166.74532
USD 1.173987
UYU 46.139326
UZS 14085.900144
VES 310.795223
VND 30885.243326
VUV 142.623146
WST 3.268316
XAF 656.229079
XAG 0.018394
XAU 0.000274
XCD 3.172758
XCG 2.111885
XDR 0.816138
XOF 656.229079
XPF 119.331742
YER 279.84908
ZAR 19.778131
ZMK 10567.290561
ZMW 26.864138
ZWL 378.023253
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    81.17

    0%

  • BCC

    -0.7500

    76.26

    -0.98%

  • CMSD

    0.1200

    23.4

    +0.51%

  • CMSC

    0.1300

    23.43

    +0.55%

  • NGG

    0.0500

    74.69

    +0.07%

  • GSK

    0.4700

    48.88

    +0.96%

  • BCE

    0.2100

    23.4

    +0.9%

  • BTI

    -0.3900

    58.37

    -0.67%

  • RIO

    0.5000

    76.74

    +0.65%

  • RYCEF

    -0.1000

    14.64

    -0.68%

  • JRI

    0.0000

    13.72

    0%

  • VOD

    -0.0200

    12.54

    -0.16%

  • RELX

    0.2000

    40.28

    +0.5%

  • AZN

    -1.2200

    90.29

    -1.35%

  • BP

    -0.3500

    35.53

    -0.99%

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