Prime Cabinet Secretary Musalia Mudavadi has secured a commitment from global leaders that will see African countries bag Ksh167 trillion to help counter climate-related challenges.
This is even as the Prime CS challenged the global leaders to add more financing to African countries to help the developing content to effectively respond to climate emergencies.
"With COP29 in Baku set to secure a historic commitment of Ksh167 trillion ($1.3 trillion) under the New Collective Quantified Goal (NCQG) on climate finance," Mudavadi revealed in an official statement from X.
With this kind of money, Kenya alone can finance its annual budget for over 40 years. And to better put the amount in perspective, Ksh167 trillion is enough to end hunger in Africa completely.
Speaking during the United Nations Climate Change Cop29 Summit in Baku Azerbaijan, Mudavadi revealed that the world must mobilize the needed climate finance from both the public and private sources in scale and with urgency, in order to strike a balance between mitigation and adoption, to ensure economic and social reassurance and planetary safety for the over 300 million Africans.
According to Mudavadi, Africa remains one of the regions most affected by climate change, despite its minimal contribution to historical and current global greenhouse gas emissions.
"In my remarks, I highlighted a pressing concern: Africa, despite being on the frontlines of the climate crisis, received only 20 percent of international adaptation finance flows—amounting to just USD 13 billion (Ksh1.6 trillion) in the years 2021–2022," Mudavadi noted.
According to Mudavadi, many African nations are struggling with the devastating impacts of climate change, exacerbated by a lack of adequate financial and technical resources. The Prime CS blamed the inconsistency in global commitments to finance climate action for the climatic challenges Africa continues to face.
He however hailed the leaders for committing to give Ksh167 Trillion to Africa. He also went ahead to remind the global leaders not to forget the unfulfilled promise of $100 billion (Ksh12 Billion) annually, pledged back in 2009.
"It is critical that this time, words are translated into concrete action," Mudavadi stated.
Mudavadi revealed that Africa is finding it difficult to achieve sustainable development goals due to the decline of the global climate finance for adaptation which was supposed to double by 2025.
He had joined over 200 leaders for the Cope29 Climate summit in the climate talks that are going on in Baku until November 22.
