THE INAUGURAL AFRICA CLIMATE SUMMIT TO BE HELD IN NAIROBI

The inaugural Africa Climate Summit in Nairobi is being billed as a major opportunity to push the links between clean energy and development across the continent. 

African Heads of State, United Nations (UN) leadership, Presidents and governments from different parts of the world are expected to attend.

The Summit, which would be held on 4th to 6th September, 2023, is dubbed, "Africa's opportunity to advance climate leadership and amplify its influence".

It is anticipated that Kenya, with a 100% clean energy target for 2030, will utilise the summit to showcase how renewables are fundamental to Africa’s green growth pathway.

The Africa climate summit is themed around opportunities for green growth and sustainable development. 

With anticipated deals and announceables, organisers are looking to provide market signals for investments in Africa’s vast resource endowment in clean energy, key minerals, agriculture and natural capital. 

According to a recent report on Africa’s Just Transition, the continent’s renewable energy potential is 50 times greater than the anticipated global electricity demand for the year 2040. 

The continent also has over 40% of the global reserves of key minerals for batteries and hydrogen technologies.

 To tap into this potential, scaled action that matches the extent of the climate crisis that is affecting the continent disproportionately is needed. 

With about less than 4% of historic global emissions, Africa is least responsible for the climate crisis yet the continent bears the largest burden of devastating climate impacts from extreme weather events. 

The summit host, Kenya’s President H.E Dr William Samoei Ruto has called for financial approaches to relieve countries facing significant debt distress, compounded by the economic shocks of COVID -19 and other challenges. 

He has joined the call for a global effort to raise the necessary funds for climate action which would include targeted taxes, removal of fossil fuel subsidies, and a global fossil fuel tax.

Participants would be taken through the background and overview of the Africa Climate Summit, the demands and proposed solutions that will be going on to COP28, and other global diplomacy events. 

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