African leaders seek global taxes for climate change at Nairobi summit
1 year, 3 months ago

African leaders seek global taxes for climate change at Nairobi summit

Al Jazeera  

The Nairobi Declaration represents a united front for Africa before negotiations for more funding at COP28. African political and business leaders have adopted a declaration to address climate challenges in Africa on the final day of a major climate summit in Kenya’s capital, Nairobi The adoption – announced on Wednesday by the summit’s convener, Kenyan President William Ruto – proposes new global taxes and reforms to international financial institutions to help fund climate change action in a declaration that will form the basis of their negotiating position at November’s COP28 summit. The Nairobi Declaration capped the three-day Africa Climate Summit which was dominated by discussions of how to mobilise financing to adapt to increasingly extreme weather, conserve natural resources and develop renewable energy. “Unlocking the renewable energy resources that we have in our continent is not only good for Africa, it is good for the rest of the world.” Funding for climate action Advocates have long called for rich carbon polluters to honour long-standing climate pledges for poorer and more vulnerable nations. “Heading from event to event doesn’t leave us with a lot of constructive thinking time” to bridge the gaps that still divide communities on the best ways to reduce emissions,” said Simon Stiell, the executive secretary of the United Nations Framework Convention on Climate Change.

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