The inaugural Africa Climate Summit (ACS23) in Nairobi culminated in the ‘Nairobi Declaration’, giving the continent a common voice ahead of upcoming key global engagements.
Key features of declaration
- It calls on the global community to act to reduce emissions.
- It calls for reforms to multilateral financial systems, with concerted appeals for debt relief and restructuring existing debts.
- The Nairobi summit largely focused on calls to unlock investment in clean energy.
- The pledges, some directly to Kenya like the €12 million in grants from the European Union (EU) for investment in the green hydrogen industry, are expected to accelerate the continent’s green agenda.
- One of the big pledges at the summit was a $4.5 billion finance initiative announced by COP28 president-designate Sultan Al Jaber towards unlocking Africa’s clean energy.
