“This declaration will serve as the basis for Africa’s common position in the global climate change process,” the text revealed, in addition to calling for urgent reform of the multilateral financial system as it attempts to secure capital for climate change mitigation and adaptation projects.
Likewise, the project calls for the creation of a new financial architecture responsive to Africa’s needs, including restructuring and debt relief, as frustration grows over the high costs of these economic resources on the continent.
The statement called on major carbon polluting countries to respect their long-term climate commitments towards poor countries, and called on world leaders to support the proposed “carbon tax” on fossil fuel trade, shipping and aviation.
The 54-nation continent is highly vulnerable to the growing impacts of climate change, but the summit focused largely on calls to unleash investment in clean energy.
“There is a new Africa and that means business,” said the President of Kenya, William Ruto, the country that has hosted the event since last Monday, which was called for for the first time by the African Union.
Ruto revealed the pledge of $23 billion in funding to “support green growth, mitigation and adaptation efforts” across the continent.
The African Climate Summit sought to formulate a common position before upcoming global conferences and discuss how to finance the continent’s environmental priorities. This event coincides with the African Climate Week organized by the United Nations.
More than 20 heads of state and government participated in the conference, including the Secretary-General of the United Nations, António Guterres, the President of the European Commission, Ursula von der Leyen, the current President of the African Union and the President of the Comoros, Razali Othmani, and leaders of international organizations. Organizations.
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