The three-day inaugural Africa Climate Summit in Nairobi, Kenya, came to a close yesterday, marking the culmination of a significant event in the region.
World leaders at the event pledged their support to position the continent at the centre of the fight against climate change, urging greater consideration for Africa’s priorities and endowments.
Over the course of these three days, several noteworthy developments unfolded.
African leaders collectively emphasized the importance of processing the continent's abundant mineral wealth within Africa itself. Kenyan President William Ruto voiced strong criticism of the challenging debt repayment practices faced by African nations.
Also of particular importance are the several deals accrued to strengthen Africa's capabilities in coping with the growing challenges posed by extreme weather conditions, safeguarding its precious natural resources, and advancing the adoption of renewable energy solutions.
African countries struck climate financing deals worth $23 billion during the summit. These deals undoubtedly represent a vital step in addressing the pressing environmental and sustainability concerns facing the continent.
Here is a breakdown of the climate finance deals, including the institutions, and countries that made pledges.
| Countries/Institutions | Climate finance pledge |
|---|---|
| The United Arab Emirates (UAE) | $450 million |
| Uk projects | £49 million |
| Germany | £60 million |
| United States | $30 million |
| Climate Asset Management | $200 million |
| AfDB Group and Global Center on Adaptation | $1 billion |
| African Development Bank | $25 million |
| US Agency for International Development (USAID) | $35 million |
| Rural Investment in Burundi | $60 million |
| UAE commitment to fund renewable energy | $4.5 billion |
| EU green hydrogen deal | £12 million |
| Bezos Earth Fund | $22.8 million |
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