Africa Development Bank Commits $25 Billion To Tackling Climate Change

French president Emmanuel Macron, challenged delegates attending the One Planet Summit in Kenya, to take action beyond words.2 min

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We need to put biodiversity at the heart of each of our actions.We make new commitments and invent a new model together. Thank you for this One Planet Summit in Africa,” Macron said on Thursday.

“We all must act. Governments must act. Major enterprises must act. Investors must act. Citizens must act. All together.” he added.

Over 4,000 delegates attended the summit  in Nairobi.

They focused on ensuring the preservation and sustainability of forests.

Commitment from Kenya

Today we are here to make pledges, today we are here to make commitments, and on behalf of Kenya, our government and our people, I am pledging by 2022, we want to reach a minimum of 10 percent forest cover in our country as a way of ensuring we play our part in combating climate change,” Kenya’s president said.

Commitments from World Bank and AfDB

The World Bank said in a statement it had pledged $22.5 billion for 2021-2025, while AfDB said it had committed $25 billion to climate finance between 2020 and 2025.

AfDB said the funds would be used to increase investment in renewable energy projects like solar power plants.

France has supported Kenya for several years in development projects … but we are not sufficiently economically and industrially,” Macron said on Wednesday night in a news conference with Kenyatta.

Kenya’s president, Uhuru Kenyatta welcomed his counterpart, Emmanuel Macron with a tweet in French, to the amusement of his millions of followers on twitter.

The historic visit, a first ever to Kenya by a French president, was fruitful as the two presidents witnessed the unveiling of a locally assembled Peugeot 3008 at State House in Nairobi.

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