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William Ruto

Climate love

Kenya's President William Ruto urges acceleration of climate finance reforms

President William Ruto has called for acceleration of reform measures to the Global Financial Architecture whose platform he said Africa's ambitious goal to transform into a green industrial powerhouse hinges. In his address to the ongoing Italy-Africa Summit in Rome on Monday, the President reiterated that African countries pay five times as much for their debt, driven by both real and perceived risk factors. “We must accelerate reform measures to the Global Financial Architecture, including adjustments to debt treatment.” giving Kenya’s perspective, the President said transitioning away from fossil fuels and tripling renewables by 2030 is the world’s best bet to stay on a climate-safe path. He said the continent set a goal to increase its renewable capacity from 56 GW today to at least 300 GW by 2030 during the inaugural Africa Climate Summit in September 2023 held in Nairobi. The President, however, noted that despite renewable energy presenting a crucial opportunity to propel industrialization and transform Africa into a green powerhouse, the continent is disadvantaged in securing the right type and amount of capital. “Out of the $3 trillion invested over the past two decades, only $60 billion reached our continent. Energy security remains a distant reality for approximately 600 million people in sub-Saharan Africa lacking access to electricity,” he said. https://www.the-star.co.ke/news/2024-01-29-speed-up-climate-financing-reforms-ruto-tells-rome-summit/

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18 more agrees trigger social media ads

  • Ann Nyambura

    11 w

    Addressing these factors is essential for economic stability.

    2
    • Esther Wanjiku

      11 w

      A super call by the Kenyan president

      3
      • winnie nguru

        11 w

        Good to see our president at the forefront of lobbying for finances for climate change

        6
        • George Kariuki

          11 w

          I commend President Ruto for raising these critical issues at the Italy-Africa Summit.

          5
          • Abraham Jok Atem

            11 w

            President William Ruto is a man on a mission to solve global climate catastrophe

            5
            • johnte ndeto

              11 w

              This reforms are very crucial in pushing for climate agenda

              5
              • We Don't Have Time

                11 w

                Dear Kevin Your climate love has received over 50 agrees! We have reached out to William Ruto by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

                3
                • Rukia Ahmed Abdi

                  11 w

                  President William Ruto's call for the acceleration of reform measures in the Global Financial Architecture, particularly in debt treatment, emphasizes the critical role financial restructuring plays in Africa's transition to a green industrial powerhouse. Highlighting the challenges African countries face, including higher debt costs and limited access to capital for renewable energy projects, President Ruto underscores the need for a more supportive financial framework. His perspective on transitioning away from fossil fuels aligns with global climate goals, emphasizing the importance of tripling renewables by 2030. The disparity in capital allocation for renewable energy projects in Africa highlights the urgency for comprehensive reforms to ensure equitable access to climate finance for sustainable development.

                  5
                  • walter lungayi

                    11 w

                    This is a crucial step in addressing the impacts of climate change and ensuring sustainable development in the country.

                    7
                    • Gorffly mokua

                      11 w

                      President William Ruto's call to expedite climate finance reforms in Kenya demonstrates a proactive stance towards addressing climate challenge.💚💚

                      11
                      • Joseph Githinji

                        11 w

                        @gorffly_mokua this is a great call from Kenya's head of state.

                        8
                        • Kevin

                          11 w

                          @gorffly_mokua We really pray that the West heeds his calls for expedition of climate finance reforms

                          3
                        • Saustine Lusanzu

                          11 w

                          Seeing leaders acting on climate change is good

                          8
                          • Joseph Githinji

                            11 w

                            @saustine_lusanzu Absolutely true, leaders should lead boldy and be a good example.

                            8
                          • Princess

                            11 w

                            It's encouraging to see President William Ruto advocating for the acceleration of climate finance reforms in Kenya.

                            18
                            • Joseph Githinji

                              11 w

                              @princess_nel_268 happy to see him stand for Kenya and for Africa.

                              8
                              • Felix mokaya

                                11 w

                                @princess_nel_268 Yes ,we need such leaders as President William Ruto.

                                8
                                • Jane Wangui

                                  11 w

                                  @joseph_githinji He is a strong leader who has his motives towards climate all figured out.

                                  5
                                • Joseph Githinji

                                  11 w

                                  Climate funding is the major hinderance towards creating a sustainable environment in Africa, the global financial systems must be reviewed to aid Africa in creating a sustainable environment, considering they are the most vulnerable to effects of climate change.

                                  18
                                  • Felix mokaya

                                    11 w

                                    @joseph_githinji Very true .If there will be a check out on climate funding in Africa ,a lot of positivity will be seen concerning the environment in Africa.

                                    7
                                    • Kevin

                                      11 w

                                      @joseph_githinji If Africa could really survive without dependence on funds and debt then there would really be a different discourse on this climate issue

                                      3
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