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

EUR -
AED 4.381992
AFN 78.750894
ALL 96.772834
AMD 453.127673
ANG 2.135904
AOA 1094.155023
ARS 1723.006224
AUD 1.703048
AWG 2.147741
AZN 2.027312
BAM 1.958039
BBD 2.409237
BDT 146.15714
BGN 2.003807
BHD 0.449939
BIF 3543.827792
BMD 1.193189
BND 1.513334
BOB 8.264659
BRL 6.197065
BSD 1.196143
BTN 110.049154
BWP 15.598819
BYN 3.379033
BYR 23386.513916
BZD 2.405733
CAD 1.613288
CDF 2693.62495
CHF 0.916376
CLF 0.025958
CLP 1024.95004
CNY 8.290757
CNH 8.289248
COP 4358.721191
CRC 591.863639
CUC 1.193189
CUP 31.619521
CVE 110.393555
CZK 24.34441
DJF 213.004295
DKK 7.467153
DOP 75.15697
DZD 154.308073
EGP 56.001272
ERN 17.897842
ETB 185.122907
FJD 2.620781
FKP 0.864978
GBP 0.867162
GEL 3.215635
GGP 0.864978
GHS 13.067272
GIP 0.864978
GMD 87.697079
GNF 10497.500171
GTQ 9.177688
GYD 250.242459
HKD 9.315768
HNL 31.595737
HRK 7.533438
HTG 156.800337
HUF 381.275947
IDR 20028.222449
ILS 3.690338
IMP 0.864978
INR 109.703873
IQD 1563.674821
IRR 50263.107265
ISK 144.99605
JEP 0.864978
JMD 187.688003
JOD 0.845975
JPY 183.732053
KES 154.243589
KGS 104.344067
KHR 4800.801608
KMF 491.594467
KPW 1073.96939
KRW 1718.932363
KWD 0.365955
KYD 0.996727
KZT 600.839544
LAK 25677.437566
LBP 107117.524012
LKR 370.074058
LRD 221.3444
LSL 18.780413
LTL 3.523179
LVL 0.721749
LYD 7.487269
MAD 10.834074
MDL 20.11961
MGA 5321.625216
MKD 61.62671
MMK 2505.752956
MNT 4256.95142
MOP 9.615976
MRU 47.572579
MUR 54.20683
MVR 18.434798
MWK 2072.570214
MXN 20.625111
MYR 4.698727
MZN 76.065949
NAD 18.864464
NGN 1658.366152
NIO 43.187477
NOK 11.432366
NPR 176.101211
NZD 1.969586
OMR 0.458787
PAB 1.196098
PEN 3.989425
PGK 5.083586
PHP 70.333154
PKR 333.88428
PLN 4.210294
PYG 8026.784566
QAR 4.344522
RON 5.097187
RSD 117.389486
RUB 90.086234
RWF 1733.107728
SAR 4.475517
SBD 9.614842
SCR 16.593195
SDG 717.661496
SEK 10.535953
SGD 1.512051
SHP 0.895201
SLE 29.08404
SLL 25020.586042
SOS 681.867426
SRD 45.34538
STD 24696.61331
STN 24.609533
SVC 10.465837
SYP 13196.168479
SZL 18.855865
THB 37.48407
TJS 11.171609
TMT 4.188095
TND 3.373445
TOP 2.872914
TRY 51.903862
TTD 8.118318
TWD 37.534758
TZS 3072.463155
UAH 51.192889
UGX 4254.972804
USD 1.193189
UYU 45.262709
UZS 14550.945781
VES 437.717685
VND 30924.48849
VUV 142.715687
WST 3.23879
XAF 656.694211
XAG 0.011511
XAU 0.000235
XCD 3.224654
XCG 2.155638
XDR 0.816792
XOF 653.27021
XPF 119.331742
YER 284.461217
ZAR 19.03704
ZMK 10740.145808
ZMW 23.653834
ZWL 384.206528
  • RBGPF

    1.3800

    83.78

    +1.65%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0100

    23.71

    +0.04%

  • RYCEF

    -0.0700

    16.88

    -0.41%

  • GSK

    0.5600

    50.66

    +1.11%

  • RELX

    -1.2100

    36.17

    -3.35%

  • BTI

    0.0600

    60.22

    +0.1%

  • NGG

    0.3900

    85.07

    +0.46%

  • BCE

    0.2200

    25.49

    +0.86%

  • BP

    0.3400

    38.04

    +0.89%

  • VOD

    0.1400

    14.71

    +0.95%

  • AZN

    -0.6300

    92.59

    -0.68%

  • CMSD

    0.0392

    24.09

    +0.16%

  • BCC

    -0.5500

    80.3

    -0.68%

  • RIO

    1.7600

    95.13

    +1.85%

  • JRI

    -0.0500

    12.94

    -0.39%

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