… $4.5b commitment from the UAE
The African continent attracted the sum of $23 billion as funding for its climate adaptation and resilience efforts at the just concluded three-day Africa Climate Summit held in Nairobi, Kenya.
Making this known at the close of the summit, Kenya President William Ruto, said the fund is a collective effort from various stakeholders, including governments, the private sector, multilateral organisations, banks and philanthropists.
He said some of the highlights, “include a transformative partnership investing $16 million over two years in expanding grid access in rural Burundi.
“A $4.5 billion commitment from the UAE to boost renewable energy, substantial contribution from the European nations and significant investments from the private sector.”
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