Nairobi Declaration Boosts Accelerated Climate Action and Financing Mechanisms

Praia, 08 Sep (Inforpress) – A group of African leaders today called for urgent action of the  developed countries to reduce carbon emissions and also proposed new financing mechanisms to restructure Africa’s debt and unlock climate finance.

In a call to action, African leaders attending the first Africa Climate Summit held in Nairobi, Kenya, cited the importance of decarbonizing the global economy for equality and shared prosperity.

These called for investments to promote the sustainable use of Africa’s natural resources in the continent’s transition to low-carbon development and contribution to global decarbonisation.

“We call for a comprehensive and systematic response to the incipient debt crisis, outside of default frameworks, to create the fiscal space that all developing countries need to finance development and climate action,” said African leaders in the Nairobi Declaration on Climate Change and Call to Action, adopted at the conclusion of the Africa Climate Summit.

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