Stakeholders of Green Growth Africa have strongly emphasized the urgent need for developed nations to reaffirm their commitment to the $100 billion Climate Fund pledge, originally established during COP21.
This call was made during a recent virtual conference in Abuja, where stakeholders highlighted that Africa must chart its own course towards self-reliance in green technologies while fostering new medium and large-scale green industries.
The sentiment echoed during the conference underlines that if the continent is to truly benefit from climate action, it must develop globally competitive green technologies domestically.
Central to this argument is the assertion that financial commitments towards climate initiatives must go beyond the Adaptation Fund pledges made in COP26 and the recently agreed-upon loss and damage fund in COP27.
Dr. Adedoyin Adeleke, the Executive Director of Green Growth Africa, underscored the importance of channeling these funds into multidimensional and cross-sectoral strategic interventions aimed at propelling green growth.
Dr. Adeleke’s analysis highlights the imperative for African youth to acquire expertise in green skills, empowering them to establish medium and large-sized green enterprises.
Such ventures not only contribute to local social and economic progress but also serve as productive collaborations with developed countries seeking impactful partnerships.
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Despite contributing only 3% of global greenhouse gas emissions, Africa faces a disproportionate vulnerability to the adverse effects of climate change.
Dr. Adeleke emphasized the rising occurrences of climate-related extreme weather events that disproportionately affect the continent, causing immense human suffering and economic turmoil.
With a holistic perspective, he called for climate solutions that address both immediate socio-economic challenges and the pressing need for sustainable development.
By empowering African youth with green skills and providing financial support for the establishment of new enterprises, Africa can take a lead role in the fight against climate change.
Moreover, Dr. Adeleke proposed the development of domestic industries capable of harnessing Africa’s substantial reserves of lithium, a valuable mineral, for the creation of batteries used in electric vehicles.
This approach, he argued, would be more beneficial than outsourcing such endeavors to external regions, preserving Africa’s valuable resources while driving innovation and economic growth.
As the 2023 International Youth Day theme “Green Skills for Youth: Towards a Sustainable World” resonates, the urgent call is for Africa to arm its youth with the necessary skills, resilience, and innovation to drive the creation of new green industries on the continent.
Ultimately, Dr. Adeleke’s vision revolves around a self-reliant Africa that stands at the forefront of global efforts to combat climate change, through the development and deployment of competitive indigenous green technologies.
