unfccc.int- Africa Climate Week Signals Continent’s Huge Investment Opportunity
UN Climate Change News, Accra, 20 March 2019 – The high-level segment of the Africa Climate Week in Accra, Ghana, got firmly underway this morning with the official opening ceremony at the capital’s Convention Center.
Speaking at the Opening Ceremony — President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo; Minister of Environment, Science, Technology and Innovation; Prof. Kwabena Frimpong-Boateng; Mayor of Accra, Mohammed Adjei Sowah, COP24 President, Michał Kurtyka and UN Climate Change Deputy Executive Secretary, Ovais Sarmad – affirmed the need to foster cooperation from all countries and non-Party stakeholders globally to meet the 1.5C temperature goal inked in the Paris Agreement.
The event takes place in the shadows of Cyclone Idai, which has hit Mozambique, Zimbabwe, and Malawi, affecting more than 2 million people – a stark reminder of the moral imperative to act on climate change, which experts say is exacerbating such storms. Delegates attending the Climate Week – who number close to 3,000 – observed a one-minute silence for the victims of the catastrophe, which continues to devastate coastlines along Southern Africa.
Media, policymakers and private sector representatives huddled into the Main Hall to welcome the President of the Republic of Ghana who said that, against the backdrop of the disastrous cyclone, Africa Climate Week must “provide more practical solutions to channel financial means towards national climate ambition.” The International Finance Corporation has already put a figure on the investment opportunity of financing these solutions, estimating that the NDCs of 21 emerging market economies alone represents $23 trillion by 2030.
The President – who is both the host of the event and an Ambassador for the Sustainable Development Goals (SDGs) – also used his keynote speech to underscore how “climate change is the biggest threat to the attainment of the whole development agenda.”
This critical interlinkage between the climate and development agendas was a recurring theme throughout the course of Wednesday’s high-level activities – and echoed by many pan-African Ministers – but it was perhaps best expressed by the Mayor of Accra and C40 Vice-Chair, Mohammed Adjei Sowah, who said: “I am committing our city to a plan in line with the goals of the Paris Agreement and, simultaneously, in line with the SDGs.”
Acting as Master of Ceremonies during the Opening, Joselyn Dumas – a Ghanaian TV Host and Philanthropist – asked assembled speakers and guests to be mindful of future generations when considering their responsibilities to the environment: “When we neglect our environment, let us remember that we are denying many children the opportunity to a healthy, bright and happy future. Every child deserves a safe space to learn, play, grow and thrive.”
However, the overriding message being heard at this Regional Climate Week, is