Insights and expectations from the Africa Climate Summit next week
The Africa Climate Summit is scheduled for next week, from 4th to 6th September. The theme of the Summit is ‘Driving Green Growth & Climate Finance Solutions for Africa and the World.’ African leaders have on different international platforms advanced the case of Africa’s ability to collaborate financially in addressing the climate crisis. Particularly, President William Ruto has always advocated for Africa’s financial contribution through innovative financing mechanisms. For instance, in his address at the New Global Financial Pact Summit in Paris, the President called for a review of the global financial mechanism. Africa relies on its renewable assets to combat climate change crisis such as renewable energy, agricultural capacity, minerals, and other abundant natural resources.
Conversations around Africa’s financial contribution to addressing climate change are expected to take central place looking at the introduction and implementation of fossil fuel taxes. The New Global Financial Pact Summit introduced the issue of involving private sector development in the investment of green infrastructure for energy transition. As such, commitments towards promoting partnerships with private sectors in climate action are expected in the Summit deliberations.
The role of the youth in combating climate change and implementing climate action is critical. The Africa Youth Climate Assembly under the patronage of the Summit will also take place in Nairobi from 1st-3rd September. The Assembly seeks to provide a platform for the youth to amplify their voices in climate action decisions at county, national and AU levels. The Assembly’s theme is ‘African-led Solutions to Global Challenges’ under five key thematic pillars namely, energy transition/renewable energy; green minerals and manufacturing; sustainable agriculture, land, and water/ocean use; sustainable infrastructure and urbanisation; natural capital and climate mobility.
African leaders in attendance will be expected to make pledges and commitments towards actions agreed upon which will be crucial for African deliberations during COP28 to be held in November in the United Arab Emirates. COP28 is expected to focus on discussions on strengthening NDCs, mobilising climate finance, advancing technology transfer, and promoting international cooperation.