East Africa: African Leaders Want Easier Access to Climate Finance

  • 📰 allafrica
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

African Leaders Want Easier Access to Climate Finance NewTimesRwanda: EastAfrica IMFnews

To complete the process, please follow the instructions in the email we just sent you.To achieve this, carbon emissions must be reduced between 25 and 50 percent to where they were in 2019 by 2030. However, according to Georgieva, implementing the total pledges made would only reduce them by 11 percent.

While the country seeks to reduce carbon emissions by 38 percent in 2030, the cost of mitigation and adaptation measures is estimated at $11 billion . Chris Kiptoo, the Principal Secretary of Kenya's National Treasury, said that although most African countries pledged to allocate 10 percent of their budget for climate response and 90 percent fund from foreign countries, the issue remains in accessing the funds, especially the process required to benefit from the RST.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines