US-Africa summit in Washington: Finance will help Africa over the just energy transition hurdle

US President Joe Biden hosted the US-Africa Leaders Summit in Washington recently with almost 50 African leaders in attendance. Among the points of discussion were the climate change, finance, health and political challenges faced by Africa.

A major talking point was how the US can help Africa get over the hurdle of a just energy transition. “We’re taking on the climate crisis, prioritising not just energy transition in America but in nations of all of Africa and meeting the urgent needs of countries to adapt to the climate impacts that are already here,” Biden said. “Just last month, I travelled to COP27 in Egypt where I announced $150 million in an effort to support adaptation efforts in Africa, a down payment on my commitment to provide $3 billion annually to global adaptation efforts for 2024.

Biden noted the US’s commitment to help South Africa to mobilise $8 billion in public and private finance to “replace coal-fired power plants with renewable energy sources and develop cutting-edge energy solutions like clean hydrogen”. He also mentioned a $2 billion deal for solar projects in Angola.Subscribe to the M&G today for just R30 for the first three months* to gain access to this story and all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.

🤨🧐African leaders try to form your own network and systems that benefits Africans. It's time we have our own NASA , BUILD Manufacturering companies own by Africans , come one leaders

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

International Finance: Stocks fluctuate after S&P 500 snaps losing streak: markets wrapAsian equity benchmarks fluctuated on Wednesday while US share futures climbed after the S&P 500 snapped a four-day losing streak, providing a moment of respite in one of the worst years for stocks and bonds in more than a decade.
Source: dailymaverick - 🏆 3. / 84 Read more »

International Finance: Zelensky to make direct appeal to Biden, Congress on US visitPresident Volodymyr Zelensky will leave Ukraine for the first time since Russia’s invasion to meet US President Joe Biden at the White House and address Congress in person, making a direct appeal for support from his country’s most important ally. Is he going by train? Is it necessary? His behavior and reactions since the invasion doesn’t sit well with me thinking deeply. The UniParty of Neocons is salivating at the thought of sending more money to this actor cocaine addict so they can make billions for their friends and family. They know the taps are going to run dry when the Republicans stop them from January,
Source: dailymaverick - 🏆 3. / 84 Read more »

Ex-Russian president makes surprise trip to Beijing as Zelensky arrives in Washington | Business InsiderZelensky is due to address Congress on Wednesday. Dmitry Medvedev met with Xi Jinping earlier in the day. BISouthAfrica Looks like a penalty shootout.. but the only way to win is to cooperate to fix our world's big problems... Stop the wars, turn the global warming towards stability, food security, full employment, restore biodiversity, sustainability and respectful equality towards Peace!
Source: BISouthAfrica - 🏆 34. / 51 Read more »