A global carbon tax can help redress Africa's low Gross Domestic Product rates, Kenya’s President William Ruto declared as the first Africa Climate Summit began.
The African continent of more than 1.3 billion people is losing five percent to 15 percent of its GDP growth every year to the widespread impacts of climate change, according to Ruto. The summit’s opening speeches included clear calls to reform the global financial structures that have left African nations claiming they pay five times more to borrow money than others, worsening the debt crisis for many.
Africa has more than 30 of the world’s most indebted countries, Kenya’s cabinet secretary for the environment, Soipan Tuya, said. European Commission President Ursula von Der Leyen attends the opening session during the Africa Climate Summit 2023 at the Kenyatta International Convention Centre in Nairobi on September 5, 2023. U.S. Special Envoy for Climate John Kerry delivers his announcement during the Africa Climate Summit 2023 at the Kenyatta International Convention Centre in Nairobi on September 5, 2023. Secretary General of the United Nations Antonio Guterres delivers his remarks during the Africa Climate Summit 2023 at the Kenyatta International Convention Centre in Nairobi on September 5, 2023. The U.S. government’s special climate envoy, John Kerry, agreed and acknowledged the “acute, unfair debt” carried by Africa nations must be addressed. He also said 17 of the world’s 20 countries most impacted by climate change are in Africa — while the world’s 20 richest nations, including his own, produce 80 percent of the world’s carbon emissions that are driving climate change. Germany is aiming to found a global “climate club” taxation scheme designed to force countries worldwide to adopt a hardcore green agenda.
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