AFRICAN PRESIDENTS COMMIT TO CLIMATE CHANGE FINANCE AND GREEN GROWTH.


African Presidents have affirmed their commitment to addressing climate change finance and promoting sustainable green growth. They have formally adopted the Joint Nairobi Declaration on Climate Change and issued a compelling call to action during the Africa Climate Summit in Nairobi, Kenya, held from September 4th to 6th, 2023, in the presence of international leaders and esteemed representatives.

The Declaration sets out Africa’s position on Climate Change Finance and green Growth.

Among the items that stood out include the Acknowledgement that climate change is the single greatest challenge facing humanity and the single biggest threat to all life on Earth.

The leaders have therefore called for the Acceleration of all efforts to reduce emissions to align with goals set forth in the Paris Agreement.

“There is need to Honour the commitment to provide $100 billion in annual climate finance, as promised 14 years ago at the Copenhagen conference,uphold commitments to a fair and accelerated process of phasing down coal, and abolishment of all fossil fuel subsidies. 4. Swiftly operationalize the Loss and Damage facility agreed at COP27,” Part of the declaration reads.

The African Heads of state also expressed concern that many African countries face disproportionate burdens and risks arising from climate change-related, unpredictable weather events and patterns.

These include prolonged droughts, devastating floods, wild/forest fires, which cause massive humanitarian crisis with detrimental impacts on economies, health, education, peace and security, among other risks.

“We call for collective global action to mobilise the necessary capital for both development and climate action, echoing the statement of the Paris Summit for a New Global Financing Pact that no country should ever have to choose between development aspirations and climate action. To achieve the necessary levels of urgency, scale, and inclusivity, we consider the following elements to be indispensable,” the statement declaration explained.

They have called upon world leaders to appreciate that decarbonizing the global economy is also an opportunity to contribute to equality and shared prosperity.

Platinum Media, September 7, 2023

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