Kenyan President William Ruto delivered a powerful address at the 3rd Pan-African Parliamentarians Summit on Climate Policy and Equity, emphasizing Africa’s potential to combat climate change.
He highlighted the vast opportunities available to the continent in reducing carbon emissions, stating that Africa can eliminate more than 300 million tonnes of CO2 annually.
President Ruto also highlighted Africa’s significant role in the green energy transition, as the continent possesses 30 to 40% of the world’s minerals essential for the shift towards renewable energy.
He underscored Africa’s potential to uplift more than 300 million tonnes of CO2 per year through nature-based solutions. At a carbon price of US dollars, fifty per tonne could provide more than fifteen billion US dollars in revenue, create more than 85 million jobs and improve millions of livelihoods.”
According to William Ruto, moving industries to Africa will strengthen the continent’s balance of trade, ease the pressure on African currencies and reduce the vulnerability arising from dependence on fickle supply chains.
