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

EUR -
AED 4.244038
AFN 72.226826
ALL 95.072238
AMD 425.779753
ANG 2.069106
AOA 1060.866808
ARS 1656.323359
AUD 1.646006
AWG 2.08302
AZN 1.960463
BAM 1.957279
BBD 2.328499
BDT 141.907211
BGN 1.929806
BHD 0.436031
BIF 3455.525599
BMD 1.155628
BND 1.488625
BOB 7.98907
BRL 5.995518
BSD 1.156093
BTN 110.140688
BWP 15.699929
BYN 3.182304
BYR 22650.310301
BZD 2.325157
CAD 1.609611
CDF 2630.209796
CHF 0.922792
CLF 0.026862
CLP 1057.214831
CNY 7.82678
CNH 7.833714
COP 4114.486648
CRC 530.200566
CUC 1.155628
CUP 30.624144
CVE 110.350279
CZK 24.176901
DJF 205.377754
DKK 7.473499
DOP 67.450959
DZD 154.36651
EGP 59.886953
ERN 17.334421
ETB 186.386121
FJD 2.565266
FKP 0.863151
GBP 0.862786
GEL 3.062267
GGP 0.863151
GHS 13.468234
GIP 0.863151
GMD 84.360903
GNF 10127.826848
GTQ 8.812658
GYD 241.873782
HKD 9.056421
HNL 30.907886
HRK 7.538512
HTG 151.214242
HUF 356.120622
IDR 20610.626746
ILS 3.430436
IMP 0.863151
INR 110.105814
IQD 1514.544238
IRR 1589190.840464
ISK 143.414383
JEP 0.863151
JMD 182.557922
JOD 0.819299
JPY 185.462704
KES 149.550107
KGS 101.058639
KHR 4652.535118
KMF 493.453266
KPW 1039.89799
KRW 1756.219521
KWD 0.357434
KYD 0.963432
KZT 563.968518
LAK 25457.343158
LBP 103527.963267
LKR 384.987521
LRD 210.409875
LSL 19.154403
LTL 3.412269
LVL 0.699028
LYD 7.38048
MAD 10.705688
MDL 20.121289
MGA 4849.663919
MKD 61.652633
MMK 2425.567564
MNT 4132.853435
MOP 9.33159
MRU 46.226724
MUR 55.319341
MVR 17.865724
MWK 2004.723241
MXN 20.0994
MYR 4.702942
MZN 73.841507
NAD 19.154403
NGN 1572.624683
NIO 42.542141
NOK 10.913607
NPR 176.2249
NZD 1.986005
OMR 0.444346
PAB 1.156078
PEN 3.93077
PGK 5.138882
PHP 70.831337
PKR 321.715424
PLN 4.250288
PYG 7140.456401
QAR 4.21523
RON 5.236845
RSD 117.370189
RUB 83.4989
RWF 1695.988657
SAR 4.338728
SBD 9.29769
SCR 15.301961
SDG 693.954989
SEK 10.957492
SGD 1.486768
SHP 0.862793
SLE 28.486416
SLL 24232.945384
SOS 660.702019
SRD 43.175438
STD 23919.167981
STN 24.518948
SVC 10.115818
SYP 127.733995
SZL 19.14955
THB 38.043264
TJS 10.815077
TMT 4.056255
TND 3.393322
TOP 2.782475
TRY 53.316983
TTD 7.846928
TWD 36.600588
TZS 3027.749073
UAH 52.094758
UGX 4352.363534
USD 1.155628
UYU 46.835384
UZS 13936.770423
VES 655.210143
VND 30416.130976
VUV 138.088641
WST 3.172193
XAF 656.455792
XAG 0.017773
XAU 0.000281
XCD 3.123142
XCG 2.083574
XDR 0.816827
XOF 656.444423
XPF 119.331742
YER 275.790517
ZAR 19.103786
ZMK 10402.042788
ZMW 20.029219
ZWL 372.111769
  • CMSC

    -0.0100

    22.3

    -0.04%

  • RBGPF

    2.0500

    60.72

    +3.38%

  • BTI

    1.1700

    61.12

    +1.91%

  • NGG

    -0.7000

    80.38

    -0.87%

  • AZN

    -4.4700

    178.96

    -2.5%

  • BP

    0.2800

    42.95

    +0.65%

  • CMSD

    0.0100

    22.29

    +0.04%

  • RIO

    -2.3600

    99.06

    -2.38%

  • GSK

    -0.0800

    51.17

    -0.16%

  • BCE

    0.1300

    24.71

    +0.53%

  • JRI

    0.1400

    12.86

    +1.09%

  • VOD

    0.3800

    15.05

    +2.52%

  • RELX

    -0.9600

    33.98

    -2.83%

  • RYCEF

    -0.2300

    16.49

    -1.39%

  • BCC

    -1.7000

    68.31

    -2.49%

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