The Japan Times - African climate summit seeks to showcase green power potential

EUR -
AED 3.780953
AFN 77.233348
ALL 98.956186
AMD 404.916572
ANG 1.842769
AOA 941.392826
ARS 1084.344915
AUD 1.664155
AWG 1.854226
AZN 1.750147
BAM 1.950581
BBD 2.064476
BDT 124.696352
BGN 1.956118
BHD 0.388038
BIF 3026.601773
BMD 1.029411
BND 1.39766
BOB 7.081053
BRL 5.978921
BSD 1.022474
BTN 89.08763
BWP 14.368971
BYN 3.346247
BYR 20176.448222
BZD 2.053904
CAD 1.491132
CDF 2933.820805
CHF 0.939523
CLF 0.036772
CLP 1014.638127
CNY 7.403417
CNH 7.535909
COP 4284.839368
CRC 520.90622
CUC 1.029411
CUP 27.279382
CVE 109.970753
CZK 25.213326
DJF 182.082804
DKK 7.460478
DOP 63.539987
DZD 139.752254
EGP 51.831958
ERN 15.441159
ETB 130.795005
FJD 2.398084
FKP 0.847809
GBP 0.830304
GEL 2.923556
GGP 0.847809
GHS 15.618211
GIP 0.847809
GMD 74.633315
GNF 8837.354043
GTQ 7.91183
GYD 213.917624
HKD 8.019598
HNL 26.047558
HRK 7.596585
HTG 133.742148
HUF 408.389875
IDR 16855.260727
ILS 3.686412
IMP 0.847809
INR 89.684827
IQD 1339.416147
IRR 43338.187312
ISK 146.176321
JEP 0.847809
JMD 161.15879
JOD 0.730265
JPY 159.848429
KES 132.886464
KGS 90.021832
KHR 4111.997598
KMF 492.933548
KPW 926.469676
KRW 1506.37799
KWD 0.317748
KYD 0.85212
KZT 534.380168
LAK 22240.491497
LBP 91563.904025
LKR 306.300437
LRD 203.472607
LSL 19.335764
LTL 3.039582
LVL 0.62268
LYD 5.020567
MAD 10.321483
MDL 19.156743
MGA 4881.937483
MKD 61.614644
MMK 3343.48555
MNT 3497.937409
MOP 8.208337
MRU 40.848702
MUR 48.39281
MVR 15.852997
MWK 1773.055865
MXN 21.02949
MYR 4.59066
MZN 65.771987
NAD 19.335764
NGN 1526.451186
NIO 37.629316
NOK 11.751371
NPR 142.540607
NZD 1.841044
OMR 0.396315
PAB 1.022464
PEN 3.811202
PGK 4.103022
PHP 60.067136
PKR 285.27726
PLN 4.234494
PYG 8062.4275
QAR 3.728424
RON 4.97525
RSD 117.104708
RUB 102.684705
RWF 1445.332748
SAR 3.861178
SBD 8.724445
SCR 14.754421
SDG 618.675875
SEK 11.459569
SGD 1.401337
SHP 0.847809
SLE 23.577218
SLL 21586.225989
SOS 584.336501
SRD 36.1374
STD 21306.721536
SVC 8.947191
SYP 13384.396913
SZL 19.329468
THB 34.911944
TJS 11.145017
TMT 3.602937
TND 3.300668
TOP 2.410982
TRY 37.072829
TTD 6.932451
TWD 33.961798
TZS 2612.92103
UAH 42.763778
UGX 3760.936925
USD 1.029411
UYU 44.320766
UZS 13277.47369
VES 60.186713
VND 25972.030033
VUV 122.213696
WST 2.883201
XAF 654.206551
XAG 0.032711
XAU 0.000366
XCD 2.782033
XDR 0.784202
XOF 654.206551
XPF 119.331742
YER 256.118451
ZAR 19.343058
ZMK 9265.936786
ZMW 28.706191
ZWL 331.469801
  • SCS

    -0.4100

    11.07

    -3.7%

  • GSK

    -0.3700

    34.9

    -1.06%

  • NGG

    0.6100

    62.01

    +0.98%

  • RIO

    -0.5600

    59.85

    -0.94%

  • BTI

    0.1000

    39.74

    +0.25%

  • CMSC

    -0.1200

    23.35

    -0.51%

  • BP

    -0.1900

    30.87

    -0.62%

  • RBGPF

    0.2700

    66.27

    +0.41%

  • AZN

    -0.9000

    69.86

    -1.29%

  • CMSD

    -0.0900

    23.75

    -0.38%

  • BCE

    0.2400

    24.03

    +1%

  • RYCEF

    -0.1400

    7.35

    -1.9%

  • JRI

    -0.0700

    12.46

    -0.56%

  • BCC

    -1.0200

    125.14

    -0.82%

  • RELX

    -0.0400

    49.85

    -0.08%

  • VOD

    -0.0500

    8.49

    -0.59%

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.

M.Ito--JT