Zürcher Nachrichten - African leaders seek united front to press green growth goals

EUR -
AED 4.305996
AFN 77.378996
ALL 96.429976
AMD 447.272622
ANG 2.099071
AOA 1075.092311
ARS 1700.317745
AUD 1.772847
AWG 2.110323
AZN 1.984833
BAM 1.957456
BBD 2.362749
BDT 143.46441
BGN 1.956785
BHD 0.442021
BIF 3476.171008
BMD 1.172402
BND 1.514581
BOB 8.106168
BRL 6.475059
BSD 1.173117
BTN 105.841784
BWP 15.502576
BYN 3.441885
BYR 22979.073104
BZD 2.359386
CAD 1.615224
CDF 2654.31743
CHF 0.931262
CLF 0.02723
CLP 1068.221694
CNY 8.255173
CNH 8.246592
COP 4529.82013
CRC 584.506875
CUC 1.172402
CUP 31.068645
CVE 110.734017
CZK 24.354476
DJF 208.358669
DKK 7.471446
DOP 73.333545
DZD 152.065704
EGP 55.710651
ERN 17.586025
ETB 181.930301
FJD 2.686852
FKP 0.875634
GBP 0.876088
GEL 3.153955
GGP 0.875634
GHS 13.511983
GIP 0.875634
GMD 86.165707
GNF 10182.30863
GTQ 8.984791
GYD 245.437026
HKD 9.122165
HNL 30.69323
HRK 7.533966
HTG 153.643237
HUF 387.71447
IDR 19575.708241
ILS 3.762008
IMP 0.875634
INR 105.818396
IQD 1535.846213
IRR 49387.421137
ISK 147.613305
JEP 0.875634
JMD 187.702773
JOD 0.831252
JPY 182.488988
KES 151.121331
KGS 102.526223
KHR 4701.330347
KMF 493.580931
KPW 1055.154485
KRW 1731.157173
KWD 0.359807
KYD 0.977527
KZT 605.251959
LAK 25389.530667
LBP 104988.571378
LKR 362.957011
LRD 207.995533
LSL 19.620151
LTL 3.461797
LVL 0.709174
LYD 6.354385
MAD 10.75675
MDL 19.783734
MGA 5308.634704
MKD 61.571894
MMK 2462.110428
MNT 4159.215563
MOP 9.402514
MRU 46.615036
MUR 53.977413
MVR 18.125323
MWK 2037.634391
MXN 21.099092
MYR 4.79336
MZN 74.928369
NAD 19.625962
NGN 1709.220848
NIO 43.026402
NOK 11.904227
NPR 169.343241
NZD 2.030395
OMR 0.45069
PAB 1.173137
PEN 3.946341
PGK 4.981827
PHP 68.691212
PKR 328.565595
PLN 4.203084
PYG 7831.791611
QAR 4.268945
RON 5.091041
RSD 117.432755
RUB 93.706335
RWF 1702.327252
SAR 4.397469
SBD 9.543487
SCR 17.349959
SDG 705.205169
SEK 10.878874
SGD 1.512621
SHP 0.879605
SLE 28.253955
SLL 24584.681513
SOS 670.026432
SRD 45.346176
STD 24266.347892
STN 24.854916
SVC 10.264902
SYP 12964.84622
SZL 19.62574
THB 36.825376
TJS 10.83368
TMT 4.11513
TND 3.405238
TOP 2.822862
TRY 50.186178
TTD 7.959937
TWD 36.964771
TZS 2919.280551
UAH 49.548468
UGX 4190.634054
USD 1.172402
UYU 45.969864
UZS 14098.130434
VES 327.350262
VND 30863.474462
VUV 142.297798
WST 3.264804
XAF 656.512318
XAG 0.017875
XAU 0.000271
XCD 3.168474
XCG 2.114188
XDR 0.814748
XOF 654.200333
XPF 119.331742
YER 279.559334
ZAR 19.618272
ZMK 10553.017918
ZMW 26.688599
ZWL 377.512866
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -1.7900

    80.22

    -2.23%

  • BCC

    1.4100

    77.7

    +1.81%

  • CMSC

    0.0300

    23.29

    +0.13%

  • CMSD

    0.0000

    23.28

    0%

  • BTI

    -0.1300

    57.04

    -0.23%

  • RIO

    0.4400

    77.63

    +0.57%

  • BCE

    -0.3000

    22.85

    -1.31%

  • BP

    -1.1600

    33.31

    -3.48%

  • NGG

    -0.7700

    76.39

    -1.01%

  • JRI

    0.0000

    13.43

    0%

  • GSK

    -0.4200

    48.29

    -0.87%

  • RELX

    0.0900

    40.65

    +0.22%

  • RYCEF

    0.6300

    15.4

    +4.09%

  • AZN

    0.7500

    90.61

    +0.83%

  • VOD

    -0.0100

    12.8

    -0.08%

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.L.Marti--NZN