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First African Climate Summit: Participants call for reform of the international financial system

07/09/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On Tuesday, September 5, participants in the first African climate summit called for reforming the international financial system. This will help alleviate the debt burden on African countries and prevent them from developing their “unique potential” of renewable energies

.

The historic summit is intended to attract international funding for green projects on the African continent, which could develop economically while fighting against climate change, which is hitting hard. To do this, the United Arab Emirates has promised 4.5 billion dollars (4.1 billion euros) of investment in clean energy in Africa. An initiative that according to Sultan Al Jaber, who heads the UAE national oil company ADNOC and the government renewable energy company Masdar, will enable the development of 15 gigawatts of clean energy by

2030.
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