The grim assessment by Sultan Al Jaber came at an African summit in Kenya.
The Africa Climate Summit is focused on mobilising financing for Africa’s response to climate change.
“We are not delivering the results that we need in the time that we need them,” Jaber, who also heads the Abu Dhabi National Oil Company, told delegates at the inaugural Africa Climate Summit in Kenya’s capital, Nairobi. Hundreds of millions of dollars of investments in sustainable development projects were announced yesterday, and today Jaber announced the UAE was pledging US$4.5 billion dollars to develop 15 GW of clean power in Africa by 2030.African officials say the investments are welcome but that meeting the continent’s financing needs will require a transformation of the global climate financing architecture.
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