Capital Ethiopia Newspaper

Africa calls for share of climate finance

African leaders in Durban are calling for Africa to obtain its fair share of global climate finance. The leaders strongly reiterated that, while Africa is determined to embark resolutely on the path of clean development, it needs adequate access to climate finance, with a clear link between development, adaptation and mitigation. Closing the two week UN conference on climate change held in Africa, a high-level roundtable held at the Africa Pavilion featured prominent statesman, international financiers and academics. Prime Minister Meles Zenawi said it was true that “Africa must today take the path of clean energy, whose production costs are significantly lower than fossil fuels,” he added that Africa still needed a transitional period to move gradually towards clean energy. In this regard, Jean Ping also noted with satisfaction that, “Africa came to the Durban climate talks in closed ranks. Had we come on an individual country basis, no one would have heard us, and we would have been unable to promote our interests.” He added: “this is the first time Africa spoke with one voice. The result is here: our choice was heard. “The chairman of the African Union Commission said failure was not an option when it came to these climate discussions. “There will be no winner or loser in this venture,” he said.” If we win, we win together, if we lose, we lose together!” Donald Kaberuka said such cohesion is the only valid response to the global economic crisis. He said that at a time when the world faces the dual inter-related challenges of poverty and climate change, Africa can engage on the path of green growth only if the Kyoto pledges on carbon credits are honored and the Green Climate Fund is set up. “We cannot fight climate change if we condemn Africa to Poverty,” the African Development Bank president stressed. In this respect, he recalled the African Heads of State’s decision to create an Africa Green Fund to ease African countries’ access to climate resources, with equal allocation to mitigation and adaptation, through mobilizing additional resources.
(The Ethiopian Herald)