Ahead of the Africa Climate Summit, CEO Joseph Ng’ang’a, explains how it will address structural challenges that stand between Africa and the climate finance it needs.
Africa Climate Summit 2023 will focus on the theme, ‘Driving Green Growth and Climate Finance Solutions for Africa and the World’. The Government of Kenya is co-hosting the Summit with the African Union Commission (AUC).
The Africa Climate Summit is a pivotal gathering that aims to redefine climate change and create a new paradigm of collaboration. This will bring together global leaders, policymakers, youth activists, civil society organizations, academia and the private sector to drive meaningful action and forge a sustainable future for Africa and the world.
Kenya occupies a large position in Africa’s climate equation. The East African country has been gravely affected by changing weather patterns and a fall in disposable income available for necessities.
Extreme weather, alternating between severe droughts and devastating floods, has not only destroyed homes and imperilled lives, it has also exerted a heavy toll on agriculture, a major economic activity and driver of growth in the country.
In 2022 alone, the World Bank estimates that an adverse climate costs the Kenyan economy about 0.3% of GDP. For ordinary people, that means higher food prices in the market.
Republic of Kenya President, Dr. William Samoei Ruto says, although climate change is a universal existential threat, there is good reason for Africa’s institutions and leadership to drive the agenda of mitigating its effects.