Raila’s Ksh12.9 Trillion Appeal From Rich Nations to Developing Countries
Raila Odinga, leader of the Azimio la Umoja One Kenya coalition, urged wealthy nations to meet their financial promises to developing countries.
He made these comments at the start of the African Green Climate Finances National Designated Authorities Network (AFDAN) and Building Climate Resilience of the Urban Poor (BCRUP) meeting in Nairobi on Thursday, August 22.
Raila underscored the critical need for developed nations to deliver on their $100 billion (Ksh12.9 trillion) pledge in climate finance, intended to support developing countries in addressing climate change impacts.
He pointed out that despite multiple international pledges, these funds remain largely unmet, leaving vulnerable populations in Africa and other developing regions to face severe climate challenges.
“Climate finance has been a recurring topic at international conferences, but partners need to honor their promise of $100 billion to help developing countries tackle climate change,” Raila said.
According to Raila, the continent is still struggling with severe climate-induced issues, with the poorest communities in rural and urban areas suffering the most.
He emphasized that these communities are particularly vulnerable and need immediate financial aid to strengthen their resilience against climate-related challenges.
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Raila also highlighted the difficulties African nations encounter in accessing available climate finance, referring to established sources such as the Green Climate Fund (GCF), Global Environment Facility (GEF), Least Developed Countries Fund (LDCF), Adaptation Fund (AF), and Climate Investment Funds (CIF).
Despite these mechanisms, Africa is currently accessing only 4% of the available funds, a situation Raila described as “far below impactful finance.”
“We continue to face challenges accessing climate finance sources like the Green Climate Fund (GCF), Global Environment Facility (GEF), Least Developed Countries Fund (LDCF), Adaptation Fund (AF), Climate Investment Funds (CIF), and other bilateral and multilateral partners,” Odinga remarked.
“These established finance avenues are underutilized in Africa, with only 4% currently accessible, which is insufficient for making a significant impact.”
In November 2022, President William Ruto called on global leaders to honor their commitments exceeding Ksh12 trillion to aid Africa in achieving climate change mitigation goals.
During the International High-Level Panel on Water Investment For Africa Summit launch in Egypt, Ruto acknowledged Kenya and Africa’s severe climate change repercussions.
He warned against delays in meeting these targets, emphasizing the risk of worsening climate-related disasters for the continent.
Raila’s Ksh12.9 Trillion Appeal From Rich Nations to Developing Countries
