Kenya’s president: Africa key to climate solutions, needs investment

Kenyan President William Ruto, speaking in Seoul during a major summit where South Korea pledged $24 billion in aid and investment to Africa, emphasized that Africa could significantly contribute to global decarbonization but requires substantial investment from developed nations.

Highlighting Kenya’s recent struggles with climate extremes, Ruto called for enhanced financing, technology transfers, and support for clean energy transitions.

He noted that despite Africa’s eagerness to be part of climate solutions, it has been largely excluded from significant renewable energy investments.

Ruto stressed that Africa’s renewable energy assets, mineral resources, and human capital could help decarbonize global production and consumption if supported by a more agile and flexible international financial system.

He urged for a restructuring of financial frameworks to provide better resources for developing nations, particularly in Africa, which currently face disproportionately high costs.

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