resident William Ruto has called for a fairer global climate financing framework, saying the current system places an unjust burden on African economies that have contributed least to the crisis.
Speaking during a high-level solutions dialogue on climate finance on the sidelines of the 80th United Nations General Assembly, Ruto said Africa is forced to raise most of its resources locally, a situation he described as unsustainable.
“The best way forward is to ease debt, mobilise domestic resources, unlock private and international public finance, stop illicit financial flows, secure a fair global tax system, and drive major investment such as the USD 100 billion framework led by Africa’s financial institutions,” he said.
The President pointed to initiatives such as the Africa Green Industrialisation Initiative and the Accelerated Partnership for Renewables as examples of how the continent is turning climate challenges into engines of growth.
He added that Africa is positioning itself as a global hub for green industry, advancing a win-win for development and the planet.
