By Marline Atieno
Africa is taking a prominent role in global climate action and financing, with leaders from across the continent advocating for increased investments and fairer financial mechanisms to combat climate change.
In Seoul, South Korea, the president held discussions with Ban Ki-Moon, the former United Nations Secretary-General, who is currently the chairman of the Global Centre on Adoption (GCA) and the president and chair of the Global Green Growth Institute.
He was encouraged to support the initiative to establish a School of Leadership at the University of Nairobi, which will focus on developing specialized skills in climate action, finance and renewable energy.
The summit, attended by heads of state, climate experts and representatives from international organizations, underscored Africa’s vulnerability to climate change.
They highlighted the continent’s vast potential for renewable energy and sustainable development.
“To maintain this momentum, it is crucial for us to enhance our capacity in the various fields of expertise.” Said President Ruto.
Africa requires approximately $2.8 trillion to effectively address climate change from 2020 to 2030.
However, the continent currently receives only $30 billion in annual climate finance, with merely 39% of this amount allocated for adaptation efforts.
The African Union has launched several key initiatives to address climate change, including the African Green Stimulus Program.
This program aims to mobilize resources for sustainable development projects across the continent.
In addition to these efforts, the African Development Bank (AfDB) has pledged to increase its climate finance allocation to $25 billion by 2025, supporting projects that enhance climate resilience and mitigate environmental degradation.