Financial challenge of Africa’s first climate summit
CEO says the “quantum of money required globally to address the climate challenge are still not going to be met”.
African leaders, scientists and activists are gathering in Kenya for the continent's first climate summit.
The head of the United Nations, Antonio Guterres, is among the guests for the three-day meeting in Nairobi. It aims to come up with a plan to present to the rest of the world at a major UN climate summit, COP 28, later this year.
The chief executive of the event, Joseph Nganga, said African countries want to tackle global warming but face severe financial challenges. He told Newsday: “The quantum of money required globally to address the climate challenge are still not going to be met. We need trillions of dollars as a global community…We need to have a new conversation speaking to the quantum of money required, speaking to the governance required to spend this money on climate first and not geopolitics first.”
(Picture: Shows a worker walking past an Africa Climate 2023 Summit logo at the Kenyatta International Convention Centre in Nairobi, Kenya on September 2, 2023. Credit: Luis Tato / AFP via Getty Images.)
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