COP 27: Show us the money
Developed nations are being urged by African leaders to switch from carbon-heavy energy and direct their industrial investments to East Africa and other African countries that are already producing clean energy. CNBC Africa spoke to Charity Migwi a regional activist for the ban on fossil fuels.
Tue, 08 Nov 2022 15:13:46 GMT
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AI Generated Summary
- African leaders are pushing for a transition to clean renewable energy and are calling on developed nations to redirect their industrial investments to African countries producing clean energy.
- Charity Migwi emphasized the importance of climate finance in addressing the impacts of the climate crisis in African nations, citing examples of climate-related disasters and the urgent need for financial support.
- Migwi criticized carbon trading as a false solution and advocated for investment in renewable energy technologies to mitigate the long-term costs and environmental impacts associated with fossil fuels.
African leaders are calling on developed nations to shift away from carbon-heavy energy and direct their industrial investments to East Africa and other African countries that are already producing clean energy. In a recent interview with CNBC Africa, Charity Migwi, a regional activist for the ban on fossil fuels, emphasized the importance of clean renewable energy and the need for developed countries to fulfill their promises of climate finance. Migwi highlighted the adverse impacts of fossil fuels on African nations, citing examples of climate-related disasters in countries like Kenya and Nigeria. She stressed the urgency of addressing the current climate crisis and the role of climate finance in helping countries mitigate these impacts. Migwi pointed out that the delay in delivering climate finance is causing significant harm to people's lives and livelihoods in African nations. She called for developed countries to honor their pledges and for African nations to collaborate and speak with one voice to ensure that climate finance is allocated appropriately. Migwi also criticized carbon trading as a false solution, stating that it allows polluters to continue their harmful practices by paying for emissions, rather than transitioning to renewable energy. She emphasized the importance of investing in renewable energy technologies to avoid the long-term costs and devastating impacts associated with fossil fuel exploration. When asked about the readiness of African countries to transition to green energy, Migwi highlighted the cost-effectiveness of renewable energy in the long run. She argued that while fossil fuels may seem cheaper initially, the lifetime costs and environmental impacts make renewable energy a more sustainable choice. Migwi expressed optimism about the potential for renewable energy to lead to a cleaner, better future for Africa. As the COP27 summit approaches, Migwi urged leaders to prioritize climate finance and deliver tangible outcomes. She emphasized the need for concrete actions to address the climate crisis and ensure a sustainable future for all. Migwi's key message to COP27 attendees was clear: "Show us the money."