Pledge by African leaders to fund climate change action apt says V20 chair, Ken Ofori-Atta
African leaders made the commitment at the maiden edition of the Africa Climate Summit held in Nairobi, Kenya from 4 to 6 September 2023
Chairman of the Climate Vulnerable Forum (CVF) and the Vulnerable Twenty (V20) Group of Finance Ministers, Ken Ofori-Atta has commended African heads of states and ministers for committing to exploring and realizing new and reformed mechanisms and opportunities for concerted climate action on the African continent.
African leaders made the commitment at the maiden edition of the Africa Climate Summit held in Nairobi, Kenya from Monday 4 to Wednesday 6 September 2023, under the theme: “Driving Green Growth &
Climate Finance Solutions for Africa and the World”.
Concerted climate action
Ken Ofori-Atta, the Finance Minister of Ghana and Chair of the V20 Group in an official statement, congratulated African heads of states and ministers “who committed the last three days to exploring and realizing new and reformed mechanisms and opportunities for concerted climate action”.
“The Summit strongly advocated for decisive steps to translate the commitments of the global north into action on issues related to creating a fit-for-climate global financial architecture and creating a regional policy environment that enables Africa to generate prosperity for its people through dramatically increased development-positive investments whilst meeting its climate action objectives” the statement read.
“We have been encouraged by the call by African leaders for accelerated reforms of the global financial architecture that is fair, inclusive and responsive to the climate financing needs of climate vulnerable countries, and we look forward to building on the achievements of the Africa Climate Summit through even greater African unity, together with other climate vulnerable countries across the world; we are inspired by the kind of leadership displayed by Kenya – confident, inclusive, and bold” Ofori-Atta’s statement further read.
The V20 statement also extends its congratulations to President Ruto and the leadership of the African Union“ who have demonstrated what African and regional solidarity and steadfast resolve looks like. The V20 Group is a dedicated cooperation initiative of economies systematically vulnerable to climate change. The CVF/V20 represents 68 countries, representing some 1.74 billion people and USD 3.8 trillion in GDP.
CVF/V20 Members
Members of the CVF/V20 in Africa and Middle East are: Benin, Burkina Faso, Chad, Comoros, Côte d’Ivoire, Democratic Republic of the Congo, Eswatini, Ethiopia, The Gambia, Ghana (Chair), Guinea, Jordan, Kenya, Lebanon, Liberia, Madagascar, Malawi, Morocco, Mozambique, Namibia, Niger, Palestine**, Rwanda, Senegal, Sierra Leone, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Yemen.
In Asia-Pacific, CVF/V20 members include; Afghanistan, Bangladesh, Bhutan, Cambodia, Fiji, Kiribati, Kyrgyzstan, Maldives, Marshall Islands, Mongolia, Nepal, Pakistan, Palau, Papua New Guinea, Philippines, Samoa, Sri Lanka, Timor-Leste, Tonga, Tuvalu, Vanuatu, Vietnam.
The membership of the CVF/V20 in Latin America & Caribbean comprise of; Barbados, Colombia, Costa Rica, Dominica, Dominican Republic, Grenada, Guatemala, Guyana, Haïti, Honduras, Nicaragua, Paraguay, Saint Lucia, Trinidad and Tobago.
Reporting by Wilberforce Asare in Accra
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