ONE Campaign responds to summit to promote green growth and climate finance solutions for Africa and the world

by MMC
0 comment

At the end of the African Climate Summit, hosted by the Government of Kenya and the African Union, the anti-poverty organization The ONE Campaign responds to a summit which offered African leaders the opportunity to chart a course unified and global leadership of the continent towards building a fair and just world. a sustainable future for the continent. The bold plans outlined are welcomed by many, but they require concrete action on scale and at lightning speed to respond to the accelerating climate crisis.

Serah Makka, ONE Executive Director for Africa, said: “President Ruto and the African Union are to be commended for providing a platform and establishing a plan that finally reflects the scale of the climate and economic crises facing Africa, as well as the scale of the solutions necessary to deal with it. We echo President Ruto’s sentiments that African solutions are not just for Africa but for the better of the world.

“The Nairobi Declaration rightly calls for bold and concrete action that supports Africa’s investment in its own development and its fight against climate change. Unlocking Africa’s potential requires equitable access to finance and investment, a goal the current system is geared against. Concretely, leaders set out a clear agenda to massively increase financing for MDBs, tackle inefficient debt management processes and better exploit international resources such as special drawing rights. Tripling financing for MDBs, including highly concessional financing for countries that need it most, is the step change we need that would help Africa access the affordable capital it needs.

“The G20 must now build on the spirit and determination demonstrated at this summit to drive urgent action and change. Modest incrementalism will not achieve this. A seat at the table and a fair global financial architecture are not unfair proposals to make. As the continent increasingly speaks with one voice, it is time for the rest of the world to listen and improve access to the tools needed to empower Africa’s 1.4 billion people a chance to live a better, fairer and more sustainable future. »

You may also like

Leave a Comment

The news website dedicated to showcasing Africa news is a valuable platform that offers a diverse and comprehensive look into the continent’s latest developments. Covering everything from politics and economics to culture and wildlife conservation

u00a92022 All Right Reserved. Designed and Developed by PenciDesign