The Japan Times - African climate summit seeks to showcase green power potential

EUR -
AED 4.262515
AFN 76.6038
ALL 92.003154
AMD 422.850422
ANG 2.077326
AOA 1065.483848
ARS 1756.602749
AUD 1.616988
AWG 2.090635
AZN 1.973275
BAM 1.949071
BBD 2.338148
BDT 143.107158
BGN 1.968901
BHD 0.437693
BIF 3464.169865
BMD 1.160658
BND 1.475425
BOB 13.612122
BRL 6.04087
BSD 1.160902
BTN 110.667875
BWP 15.555429
BYN 3.501173
BYR 22748.893868
BZD 2.334859
CAD 1.612102
CDF 2640.49643
CHF 0.937736
CLF 0.027389
CLP 1078.169398
CNY 7.799506
CNH 7.80695
COP 3704.019005
CRC 523.895773
CUC 1.160658
CUP 30.757433
CVE 109.884207
CZK 24.137393
DJF 206.728056
DKK 7.475049
DOP 68.155282
DZD 154.726164
EGP 58.288819
ERN 17.409868
ETB 189.626751
FJD 2.549327
FKP 0.853511
GBP 0.855747
GEL 3.028943
GGP 0.853511
GHS 13.002222
GIP 0.853511
GMD 85.888502
GNF 10204.6368
GTQ 8.861482
GYD 242.883542
HKD 9.099621
HNL 31.140488
HRK 7.529534
HTG 151.876956
HUF 365.214336
IDR 20597.266345
ILS 3.454353
IMP 0.853511
INR 110.895809
IQD 1520.849296
IRR 1595440.281313
ISK 140.552132
JEP 0.853511
JMD 184.014693
JOD 0.822883
JPY 185.630398
KES 150.17715
KGS 101.499864
KHR 4697.841503
KMF 490.958178
KPW 1044.592406
KRW 1598.98612
KWD 0.35848
KYD 0.967468
KZT 537.99721
LAK 26034.341229
LBP 103959.876164
LKR 380.718855
LRD 210.126353
LSL 18.571941
LTL 3.427121
LVL 0.70207
LYD 7.357661
MAD 10.726766
MDL 20.071875
MGA 5007.753969
MKD 61.308861
MMK 2437.116864
MNT 4176.949491
MOP 9.374715
MRU 46.704157
MUR 54.399885
MVR 17.932198
MWK 2013.067267
MXN 19.76685
MYR 4.672924
MZN 74.138552
NAD 18.571781
NGN 1554.96821
NIO 42.722868
NOK 10.877935
NPR 177.068201
NZD 1.958563
OMR 0.446245
PAB 1.160902
PEN 3.890103
PGK 5.148226
PHP 72.390513
PKR 322.066745
PLN 4.340222
PYG 6879.308586
QAR 4.231826
RON 5.257554
RSD 117.375003
RUB 99.991531
RWF 1706.522964
SAR 4.355035
SBD 9.285554
SCR 16.034832
SDG 698.139854
SEK 11.120054
SGD 1.4784
SHP 0.859892
SLE 28.609926
SLL 24338.413897
SOS 663.415287
SRD 43.803021
STD 24023.274145
STN 24.415915
SVC 10.157799
SYP 15090.873262
SZL 18.558088
THB 38.363198
TJS 10.738418
TMT 4.062302
TND 3.386209
TOP 2.794586
TRY 55.997212
TTD 7.878866
TWD 36.720315
TZS 3069.943536
UAH 51.725365
UGX 4376.926454
USD 1.160658
UYU 46.749003
UZS 13718.754454
VES 917.705586
VND 30261.251805
VUV 137.004954
WST 3.145328
XAF 653.708532
XAG 0.016652
XAU 0.000254
XCD 3.136736
XCG 2.092294
XDR 0.820645
XOF 653.705725
XPF 119.331742
YER 274.493731
ZAR 18.693097
ZMK 10447.312546
ZMW 21.970337
ZWL 373.731354
  • BCC

    -0.9250

    77.845

    -1.19%

  • CMSD

    -0.0200

    21.16

    -0.09%

  • JRI

    -0.0630

    12.337

    -0.51%

  • CMSC

    0.0020

    21.312

    +0.01%

  • BCE

    -0.0950

    23.305

    -0.41%

  • GSK

    -0.0500

    50.22

    -0.1%

  • BTI

    -0.2250

    56.055

    -0.4%

  • RIO

    -1.4500

    103.33

    -1.4%

  • AZN

    -3.1400

    161.38

    -1.95%

  • NGG

    -0.0200

    79.41

    -0.03%

  • RBGPF

    -0.4400

    70.69

    -0.62%

  • RYCEF

    -0.0500

    20.7

    -0.24%

  • RELX

    0.0900

    36.39

    +0.25%

  • VOD

    0.0850

    15.965

    +0.53%

  • BP

    -0.3750

    41.965

    -0.89%

African climate summit seeks to showcase green power potential
African climate summit seeks to showcase green power potential / Photo: Emmet LIVINGSTONE - 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.

M.Ito--JT