Dubai Telegraph - African climate summit seeks to showcase green power potential

EUR -
AED 4.193409
AFN 71.936261
ALL 94.313517
AMD 420.265722
ANG 2.044352
AOA 1047.066868
ARS 1689.072446
AUD 1.659662
AWG 2.056738
AZN 1.945481
BAM 1.958174
BBD 2.299788
BDT 140.730617
BGN 1.930714
BHD 0.430513
BIF 3396.988644
BMD 1.141839
BND 1.476978
BOB 7.907414
BRL 5.927742
BSD 1.141884
BTN 107.892443
BWP 15.517473
BYN 3.311486
BYR 22380.050817
BZD 2.296464
CAD 1.622442
CDF 2589.120289
CHF 0.923411
CLF 0.026737
CLP 1052.308099
CNY 7.762395
CNH 7.765695
COP 3935.109456
CRC 517.923377
CUC 1.141839
CUP 30.258742
CVE 110.39836
CZK 24.263572
DJF 203.332061
DKK 7.474417
DOP 67.901727
DZD 152.241244
EGP 56.290733
ERN 17.12759
ETB 184.085649
FJD 2.567711
FKP 0.865351
GBP 0.862115
GEL 3.020169
GGP 0.865351
GHS 12.914374
GIP 0.865351
GMD 83.354533
GNF 10010.092064
GTQ 8.711485
GYD 238.844337
HKD 8.955212
HNL 30.55778
HRK 7.534429
HTG 149.239626
HUF 354.896792
IDR 20413.803496
ILS 3.411302
IMP 0.865351
INR 107.964733
IQD 1495.800358
IRR 1570314.535312
ISK 143.803363
JEP 0.865351
JMD 179.797981
JOD 0.809586
JPY 184.907748
KES 147.869387
KGS 99.854174
KHR 4591.5264
KMF 495.557874
KPW 1027.655794
KRW 1762.782919
KWD 0.353502
KYD 0.951533
KZT 554.399998
LAK 25609.8242
LBP 102250.125882
LKR 383.942116
LRD 207.807389
LSL 18.760981
LTL 3.371555
LVL 0.690687
LYD 7.335862
MAD 10.700273
MDL 20.182026
MGA 4858.84815
MKD 61.634438
MMK 2397.462543
MNT 4087.701951
MOP 9.223981
MRU 45.571249
MUR 53.940134
MVR 17.641444
MWK 1979.957083
MXN 20.014748
MYR 4.648392
MZN 72.96563
NAD 18.761145
NGN 1577.838644
NIO 42.020576
NOK 11.338818
NPR 172.629779
NZD 2.023231
OMR 0.439035
PAB 1.141859
PEN 3.899293
PGK 5.013078
PHP 69.912559
PKR 317.516265
PLN 4.289605
PYG 6953.430104
QAR 4.162246
RON 5.242754
RSD 117.385642
RUB 88.243753
RWF 1676.195463
SAR 4.289363
SBD 9.194036
SCR 15.889801
SDG 685.104142
SEK 11.113739
SGD 1.477066
SHP 0.852498
SLE 28.318388
SLL 23943.80396
SOS 652.585457
SRD 42.812695
STD 23633.768713
STN 24.529739
SVC 9.991069
SYP 126.209896
SZL 18.756576
THB 38.008402
TJS 10.584701
TMT 3.996438
TND 3.3822
TOP 2.749276
TRY 53.256638
TTD 7.762343
TWD 36.406978
TZS 2997.331628
UAH 51.246329
UGX 4185.073842
USD 1.141839
UYU 45.945703
UZS 13761.684201
VES 708.800171
VND 30018.955918
VUV 136.083591
WST 3.175321
XAF 656.747467
XAG 0.019725
XAU 0.000284
XCD 3.085878
XCG 2.057877
XDR 0.817981
XOF 656.750346
XPF 119.331742
YER 272.471391
ZAR 18.766358
ZMK 10277.916815
ZMW 20.67261
ZWL 367.671798
  • CMSC

    0.0900

    22.02

    +0.41%

  • CMSD

    0.0400

    21.81

    +0.18%

  • GSK

    -0.0900

    52.41

    -0.17%

  • AZN

    1.0450

    189.455

    +0.55%

  • BTI

    -0.2700

    62.49

    -0.43%

  • BCE

    -0.6600

    22.26

    -2.96%

  • BP

    0.4300

    37.56

    +1.14%

  • RBGPF

    0.2000

    61.5

    +0.33%

  • NGG

    0.6250

    83.635

    +0.75%

  • RYCEF

    0.0500

    18.8

    +0.27%

  • RELX

    -0.1100

    31.23

    -0.35%

  • BCC

    -2.4000

    78.62

    -3.05%

  • VOD

    -0.1600

    13.73

    -1.17%

  • RIO

    0.2900

    94.03

    +0.31%

  • JRI

    0.1200

    12.91

    +0.93%

African climate summit seeks to showcase green power potential
African climate summit seeks to showcase green power potential / Photo: Emmet LIVINGSTONE - AFP/File

African climate summit seeks to showcase green power potential

Kenya next week hosts a flagship climate conference designed to showcase Africa as a potential powerhouse for green energy, in the first of a flurry of big meetings ahead of crunch UN talks.

Text size:

With the world far adrift of its goal of slashing carbon emissions and communities battered by extreme weather events, the November climate summit in oil-rich United Arab Emirates will be dominated by clashing visions for energy.

Kenyan President William Ruto says he wants the first African Climate Summit, running in Nairobi from Monday to Wednesday, to help "deliver African solutions."

The goal is to transform the continent into the source of the world's revolution in green power -- but to achieve this, it needs an influx of funding and help for its debt burden.

Ruto and other African leaders have sought to show that "Africa is not a victim but a critical player in solving the world's climate crisis," said Mavis Owusu-Gyamfi of the African Center for Economic Transformation (ACET).

Africa, home to 1.2 billion people spread across 54 nations, is famously diverse, politically and economically.

Despite this, said Owusu-Gyamfi, its leaders have homed in on a set of climate priorities, from debt relief and low-carbon development to overhaul of the global financial architecture.

The hope is to generate momentum for a series of key international meetings leading up to COP28.

These include G20 negotiations in India, the UN General Assembly, and the World Bank and International Monetary Fund annual meeting in Marrakesh.

When Africa speaks "with one voice" on an issue, she said, it can be "impossible for the rest of the world to ignore."

- Green power -

The Nairobi meeting is expected to draw a number of African heads of state, EU chief Ursula von der Leyen and UN head Antonio Guterres and other leaders.

A draft version of the final declaration seen by AFP puts the spotlight on Africa's vast renewable energy potential, young workforce and natural assets.

Those include 40 percent of global reserves of cobalt, manganese, and platinum crucial for batteries and hydrogen fuel-cells.

Mohamed Adow, director of the think tank Power Shift Africa, said the conference was a chance to transform Africa into a place for making rather than extracting, and rise above rivalries between China, the United States and Europe.

"Just like we were able to leapfrog the fixed telephone line, this continent -- if it unites and uses this pivotal moment that we're now in -- we can effectively leapfrog dirty energy and become green leaders," he told AFP.

The draft declaration includes a provisional commitment to triple renewable energy potential across the continent from 20 percent in 2019 to 60 percent in 2030.

Kenya has taken the lead, with a pledge for renewables to make up 100 percent of its electricity mix by 2030.

But there are daunting challenges for a continent that is among the hardest-hit by climate impacts and where hundreds of millions of people lack access to electricity.

Despite hosting 60 percent of the world's best solar energy resources, Africa has roughly the same amount of installed capacity as Belgium, according to a commentary published last month by Ruto and the International Energy Agency chief Fatih Birol.

- 'Perspective shift' -

Charra Tesfaye Terfassa of the think tank E3G, welcomed the "perspective shift" on African development but said the continent's lack of political clout and financial weakness should not be underplayed.

Reminders of Africa's instability came this week, with a military takeover in Gabon that came little more than a month after a coup in Niger.

A clean energy transition across the world's developing nations will be crucial in order to keep alive the Paris Agreement goal of capping global warming "well below" two degrees Celsius since pre-industrial times, and 1.5C if possible.

To make that happen, the IEA says investment will need to surge to $2 trillion a year within a decade -- an eight-fold increase.

But currently only about three percent of energy investments worldwide are made in Africa.

Globally, wealthy nations have yet to meet their pledge to provide, by 2020, $100 billion a year in climate finance to poorer nations, eroding trust that polluters will help vulnerable countries least responsible for warming to tackle the challenges of climate change.

Against this unpromising background, African countries are hamstrung by a mounting debt crisis.

According to the World Bank, of nine countries that in March were in debt distress, eight were in Africa.

I.Mansoor--DT