On Tuesday, The inaugural African Regional Roundtable on Climate Initiatives began in Adis Ababa, Ethiopia, and discussions are focused on developing a new, sustainable economic framework.
Among the participants at the meeting are African finance and trade ministers as well as Vera Songwe, the UN Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA).
She said ”Africa COP is not just a COP where we go and meet and talk, but that it has to be a club that delivers. We’re looking at this COP being really the clarion call, the wake-up post-COVID recovery. We’re all going to be in a different economic setting. Unfortunately, that is not where we are”.
The ministers spoke on the African Trade Exchange Platform and emphasized the need for fertilizers in Africa, particularly in light of the significant impact COVID, the crisis in Ukraine, and rising food prices have had on the region.
Africa regional climate finance and investment forum organizers plan to catalyze climate finance and investment flows towards building climate resilience in Africa through the three-day forum titled “Towards COP27: African regional climate initiatives to finance climate action and the SDGs”.