East Africa: African Leaders Want Easier Access to Climate Finance

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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.

 

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