Makhlouf: Africa contributes to less than 10% of global gas emissions
CNBC AFRICA is joined by Amel Makhlouf, President of Engineering Association for Mediterranean Countries (EAMC) for more.
Mon, 26 Feb 2024 15:16:15 GMT
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AI Generated Summary
- Africa's disproportionate vulnerability to the impacts of climate change despite its low contribution to global greenhouse gas emissions
- The need for increased private sector investment in climate resilient and low carbon emission projects in Africa
- The significance of adopting circular economy practices and fostering locally driven innovations to enhance climate adaptation and build resilience in African communities
Africa is grappling with the urgent need to tackle climate change, a challenge that is exacerbating issues such as food insecurity, conflicts, and displacement on the continent. In a recent interview with CNBC Africa, Amel Makhlouf, President of the Engineering Association for Mediterranean Countries, highlighted the pressing concerns facing Africa in the realm of climate change adaptation and mitigation efforts. Despite Africa contributing to less than 10% of global greenhouse gas emissions, the continent is disproportionately affected by the negative impacts of climate change. With rising temperatures and extreme weather events, such as droughts and floods, Africa is facing significant challenges in maintaining agricultural productivity and ensuring the well-being of its population. The lack of adequate financing for climate adaptation measures further compounds the issue, with only a fraction of the required funding currently available. Makhlouf emphasized the crucial role of mobilizing private capital to support climate resilient and low carbon emission projects in Africa. However, the current level of private sector investment remains insufficient, with significant barriers hindering private sector involvement in climate change initiatives. Policy frameworks, technological capacities, and permitting processes are identified as key areas that need improvement to attract private sector investment in Africa's climate resilience and low carbon solutions. Moreover, Makhlouf underscored the importance of adopting a circular economy approach in African countries to address resource constraints and promote sustainable development. By embracing circular economy practices in industries such as steel, aluminum, cement, plastic, and food production, Africa can significantly reduce greenhouse gas emissions and mitigate the loss of biodiversity. The interview also highlighted the role of locally driven innovations in helping African communities adapt to climate change and build resilience. Makhlouf pointed out the transformative potential of geospatial satellite technologies, artificial intelligence, and digital transformation in accelerating climate action in Africa. By leveraging these innovative tools, young entrepreneurs and startups across the continent are spearheading climate change solutions and driving positive impacts. Makhlouf's call for greater collaboration and investment in technological advancements underscores the importance of embracing innovative solutions to address Africa's climate change challenges. With the pressing need for enhanced private sector engagement, policy support, and technological innovation, Africa stands at a pivotal moment in its efforts to combat climate change and ensure a sustainable future for its people.