Suluhu Takes A Swipe at Ruto’s Appetite For Foreign Funding

HomeNewsSuluhu Takes A Swipe at Ruto's Appetite For Foreign Funding

Suluhu Takes A Swipe at Ruto’s Appetite For Foreign Funding

President William Ruto and President Samia Suluhu of Tanzania held divergent views regarding Ruto’s approach to climate financing during the East Africa Community (EAC) Heads of State summit in Arusha.

Suluhu expressed her view at the Climate Change meeting that her counterparts in Africa should prioritize the development of domestic resources to tackle this worldwide concern, as opposed to relying on developed nations.

Although the specific leaders to whom she referred were not specified, she did assert that relying on the international community would impede efforts to address climate change.

To bolster her position, Suluhu referenced several unfulfilled commitments made by other nations, particularly those in Europe.

“It is high time that we as Africans stop depending on others and come up with strategies to have our resources for climate financing. Because if we depend on others, then we will get derailed.

“Right now, we are heading to COP28 but the finances promised in the previous ones have not yet come. For all those nationally determined contributions, let us go and implement them,” she opined.

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Regarding climate financing, Ruto has been a vanguard for reforms at several international organizations. Additionally, the Head of State has utilized carbon credits to generate funds for initiatives addressing climate change.

As per the proposed strategy, environmental polluters will be offered carbon credits for sale.

In the interim, Ruto advocated for a collective endeavor to advocate for reforms in climate financing during the COP28 conference in Dubai, scheduled to occur from November 30 to December 12, 2023. This call was made during an EAC meeting.

“At COP 28, Africa will be calling for a new financial charter that will reform the current international financial system, which impedes the inclusive and sustainable development required to mitigate climate change.

“Africa has immense renewable energy reserves and the largest swathes of uncultivated arable land in the world, resources that are enough to lead a new era of green industrialization for the world,” Ruto’s statement dated November 24 read in part.

Among other officials, Presidents Yoweri Museveni of Uganda, Salva Kiir of South Sudan, and Evariste Ndayishimiye of Burundi were in attendance at the meeting.

Suluhu Takes A Swipe at Ruto’s Appetite For Foreign Funding

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