Nairobi (ST): Sultan Al Jaber, the appointed president of the COP28 climate summit, announced today that the world is losing in the race to achieve its goals related to combating climate change, calling on African leaders meeting in Kenya to change what they described as an unjust international system for financing the fight against climate change.
Reuters quoted Al Jaber, who will chair the United Nations climate summit in the UAE next November, as saying: “We are not achieving the results we need at the time we need them,” noting that “the UAE has pledged $4.5 billion to develop clean energy with a capacity of 15 gigawatts per year in Africa by 2030.”
According to researchers, while the African continent suffers some of the worst repercussions of climate change, it receives only about 12 percent of the funding it needs to address those repercussions.
The continent currently has an installed renewable energy production capacity of about 60 gigawatts.
K.Q.