of atlanta stein will to be legal trade. what you have here is not just american logical optics. you're talking about a political damage where the spoils of war smuggled and sold to watch and houses, and private collectors, buying or selling. i mean, part of the fact is worth finance is to be headings of muslims in the middle east. don't sell, don't buy. that's one quick solution. ok. trafficking on i will just say around advocates holding as fast that climate. somebody ca is decide how to tackle the confidence climate change challenges. thoughtful the african countries are in vicious about green developments. can they go to line? and do they have the money? this isn't so i story the

hello kids. i probably got mine the wrong con, african nations are demanding a climate justice. that continent suffers the most storm, a warming tenants, and they want wealthy nations to help with the cost. that's why leaders have been covering in kenya for 1st of its kind summit on climate change. they want to unite in a single voice to strengthen that position on the global stage. we'll go to a panel in just a few moments, but 1st offense in monahan has this report. excellent. african leaders gather for the 1st time seeking joint action on climate change and see well the focus was on the challenges facing the concept post nation. can you also pointed to the potential opportunities in africa? we can be a green industrial. how that helps out that these deals. i t that net 0 strategies by 2050. i'm looking the renewable resources that we have, you know, a continent is not only good for africa. it is good for the rest of the water.

according to the un, africa contributes around 2 to 3 percent of global emissions, but suffers the most from the change in climate. extreme weather events like droughts and floods are becoming more frequent at been linked to the depths of thousands of people. african nations say they need funding to help mitigate the effects and smooth transition to cleaner energy sources. more than a $120000000000.00 a year is needed, but it's only getting a fraction of that. the un secretary general is among those calling on rich nations to pay up. i make a very still good deal to the large images. did you 20 countries responsible for 80 percent of the nations that will be meeting this week in? don't assume your responsibilities. but despite many such calls in the past, the world's biggest polluters pep and reluctant to meet those demands african

nations we'll see more commitments of the next few in climate conference at the end of the year. they're hoping common position will strengthen their hand then and monahan for inside story. the so lets me tell guessing, nairobi is maurice own younger regional head. it is also risk management to plan international and the buddha is donald, i cannot of hearing, but program manager of sustainable nigeria programs with heinrich bow, stiff tongue, and africa policy thing. time can also in a row be center mca africa, executive director of the one campaign, a woman, welcome to you all i want to begin in my re beat with sarah. first. this is a historic moment of the african continent. is the 1st ever climate change summit? now africa is responsible for about 2 to 3 percent of global emissions, yet it's the content there's the worst affected. but the real challenge here for

this particular somebody is trying to come up with a unified agreement. very simple question. do you think they can do that? i do. i think there is political. well i think that's um this inaugural climate. some it says really a we can some spinning and the leaders of africa they have come in their number. so there's a, a pretty impressive list of african leaders in the room in spite of the fact that the g 20 happened the next week. that a good, a number of international guess in the room, from secretary john kerry from the united states all the way to europe. i think that we are feel different on the ground, to be honest, when you walk around the stomach ground you, you see that the, the middle easterners are representing the numbers. the africans of representative numbers at the host. europeans are representative numbers. i think political will as there i think resource constraints are real. i think the impact of climate change is very real. for africa, i think we're been shipped by

a few areas that have tightened the physical space. cost of living, inflation. the ukraine and rush award did not help the pandemic really exhausted into the a lot of things. so there is urgency of, of the situation and this political will to find solutions. so i think as there is a well, we will find a way to go to a bridge. i don't know the web as well. there's a way, but that might not be the way that everybody's looking for this optimism that we talk about might not happen that so large. busy oil producing nations within africa itself were insisting that they need that money to develop their own nations. we know unified right now. all we is that ultimately a bit misplaced the i think of our apply it is because of the question um in terms of how much i want to put some of the tvs in um as to what's happening . latch the be for us. um i think of

a lot of african countries and gaining so much of the actions which we should be beating other people on the west when it comes to climate change. um for my own perspective, i don't think um, a lot of our country has some national countries taking enough responsible action. it's true that most of the emissions may not be coming from africa. and it's also ensure that what they do with a lot of the effects of climate change about measuring the reactions from our own countries. um, at least what andrea, for instance, i don't think, but taking enough access to actually address the problem as it is um, it's the risky. it's dangerous. it's a good narrative sees that flips the feet of i freaked out the hands of the west. you know, so i think you need to worry about trajectory, which is something i swear to you guys. it's happening. most of, i think it's service gets a lot of i don't think i want to be sort of to miss the console. i start to see more nation, all african countries you know, created and i thinking that one initiates, if the response or the sites rather than just be the be mean on the west to meet up

with the obligations beach so far has not been happening since powers let me get to know it right here as well. now and maurice, maurice, that idea that we do need to be careful about our optimism actually might, will change in a few days time if they do come up with these unified statements and a concrete plan. but those plans and vicious they want common offset programs. they want a $120000000000.00 a year. where are you, where are you with this? do you think this is, is going to happen? i, i think it is that it's, it's kind of happened because as a site, as i mentioned, that the gen, the in the political good really is increasingly. busy we have already called magazine busy by stitching defects of climate change. it is no longer a debate to do something that is now submitted comments or that the doctor from government call them. i think there's a global community at

a compromising this. but i think the major major pots we just be in the challenge is, is asking, i think we should move from a lot of tall. and i'm guessing i've been investing that i own 22 alternative financing models for the sustained that the green group that to be on us by a full. so i think the political good really? yeah, it's just operational. we need to pops now for us to really make it me in the history. so maurice makes it very good point here. i mean, there is like you say, seemingly the political will to get this done. there's a very important people in that room as you say, but the elephant in the room is always big business and big business does not want to change. and that's been a real problem now. we're looking at common offsets programs coming up with offset investments,

effectively encouraging businesses to invest in things like plants and go trees and then that way they can offset those investments with the things that they're doing with each went to a countries a day. for example, 80 percent of the world's emissions come from gee, 20 countries these financial models you think sustainable for africa? so i think the has to be a lot more players than the private sector. one of the things that we're seeing is that the scale of the challenges in shortly. and so the song ways, sterns bachelor reports, mentions that we lower and middle income countries, $2.00 trillion dollars every year to come back the, the, the, the, the coalition of, of climate and development. so we can get all of that from the private sector. it will have to come from domestic resource, mobilize within government, will have to come from domestic, private sector capital mobilize. i'll have to come from for the investments as well

as well as multilateral development backs. so these players need to come into the room. and right now there's a serious conversation about the african carbon market initiative. and we, we believe that there is room for i forget to come with a common voice so that we can adequately price african carbon. currently, when you stand up, african carbon would cover to come from other parts of the world. i think in covenant, cheaper and it's the same carbon. so the question is, the other methodologies fox do we need to be looked at? that, what is the price? the mechanism can, how can countries get the revenue from a absorbing carbon and be charging those are polluting more to pay for the work we are doing the confidence absorber of coverage. so the population of conversations we're having and do i do think there's a place to the private sector. i do think there's a place for the carbon market, but i think we need a lot more tools now to get right. i saw you just this great thing maurice. i will

come to you in just a quick 2nd, but when it comes to donald 1st, firstly, let's talk about this idea that the green business might be a way forward, particularly for the african continent. it is a consonant with 400000000 people that have access to electricity on a regular basis that have access to clean water on a regular basis. but now we're asking the big business to kind of come in with these common upset programs. is that the right way to go? do you think it's oh, so for me i think it's going to be lots of questions around the ability of the existing institutions in africa. so, and co sign if you met what's his rights jackson's cheap. and um, if this is cheap, it's good for big businesses and i don't the big business these actually just to kinda right wages, you know, go including just to provide more electricity. oh, it's going to be um, a lot of times on kids uh, living in huge debt. um we know may not be having

a lot of debt forgiveness coming in very soon. and um, so a lot of businesses are not running charge. so you have a nice ations that wants to make profit. everybody's going to like try to minimize cost as much as possible, so we don't have to is to do shows to it. and for the green stuff, anybody, it's a business model is on business measures. and i think this is what really just stops my, what's the same as they might have done with, i don't think we have those institutions. i think we need to beat those capacities for us to woodshop the business this time towards his rights. and to know if we could take a look at the needs of support, more money in the pockets of the for households to be able to afford electricity. then i think we'll be able to, you know, get some real practical solutions, but also against more house with getting more incomes. and then we'll walk in the storage total, but i'm just going to stop you back because you've made a very interesting point. i want to put to maurice maurice. this idea that you go,

you know, these idea is that you better kind of come from the summit, but you don't have the capacity. says donald, within african institutions to be able to deliver on those. you, you simply don't have the institutions in place. is that right? you know, i would, i would disagree. i would disagree with that, but surely i also agree with it to us at the next 10. but these institutions need to be big, where they don't exist. we need to be, i think the matter to that, that set that up for you guys, our lives and my to do that obviously that they're going to have these that lives up that i think that somebody to, we need to know what is the account that gets the necessary support that is needed so that to be able to do since the dea shows. we've been in the financing models and make sure that the be a sustainable. we don't want to be just judging where we are feeling extremely powerless in the continental, the resources of it. but how are we instructing those resources? how are we expecting the mindful at that to help?

how are we dealing with the re read the capacities that are in the continent? so i think that we need the concept of it for 2 band existing institutions. creating institutions that the way they have not existing spent the existing of the a week. and then move on together, i wanted to, to, to highlight also another point around the problem is more than just about the private sector. the problem is for us, or it is that is a, is a problem that is impacting your children. i mean, that's what all the we have seen, but that they, they impacts everywhere that has been said already installed enough, picked up. we are losing huge numbers of children in terms of like univision, so let us think of holistic solutions. good news. yeah. solution that are going to bring strengthen institutions and make all of us move together in that i tweet, sir. uh, we heard earlier, we were to okay. uh we. busy from gutierrez,

the united nations, secretary general, who was very blunt. he said, the g 20 nations need to pay out. they need to pay a $120000000000.00 a year. there's a lot during the fatigue. right now. there are several problems. crisis on the call on the confidence and indeed across the world, what donors are being hosted up front up money. and most of the time what gets pledged at these conferences doesn't translate into money on the ground. are you worried about that? you know, there is a concern because it feels that the donor for teegan is based on what doing africa favor, but i'd like to highlight that 80 african contribution to emissions is about 4 percent. so 96 percent comes from elsewhere and what africa saying is you have created this situation. you've contributed 96 percent of the situation. well,

we're bringing to the table in the ability to absorb and correct the situation to all natural assets. critical, green mineral are young, innovative, don't useful population, and what we need is capital. so it's not that donors are doing a favor to africa. they're doing a favor for the whole world including themselves. so yes, we understand that the constraints of capital are wide spread. it's not just within the consummate other countries have the situation. however, the, the, the call to action for the g, 20 for donor countries as we need a mix of financing. so lots of damage of funds should be adequately provided for a grad. but i think i can get loans as well, but we need to be concessional. so we have a, a debt prices on the continental, towards about $22.00 countries just in debt distress. what that means is when a country is making a decision between paying if the teachers or servicing and that's paying it's

nurses of servicing and that it doesn't have bandwidth to talk about climate addressing, all the challenges the coming added due to climate change. so there's an urgent need for multilateral involving bags to create that, but the concessions, the concession we loans for african countries, the g for the commission and export the exports of advise that the world as the athens. what my band, in football, the revenue, based of, of african countries alone and middle income congress can borrow more professional rates as opposed to what we do now, which is less money from the capital marcus. i'm a pig 5 times more to do that. so it's not charity, we're in this together, but be we need available resources for tackling so it's not just brands, it's also loans. and it's also where the private sector comes in with equity contributions. so it's really interesting, cetera. as you were talking when you just said this is an africa offering for a favor, there's no after code is begging bowl out both, i guess actually noted furiously in agreement with you let me go to nairobi 1st and

to maurice. this is the key change. i feel the this summit more than any other summit is about saying that this is your fault and you need to come and help us. but we know off going for a handle. is that message getting across to the politicians from the g 20 conference? i think it is a the question is, are we listening? and are we talking about what, what i was saying earlier? because of the we've been website. i've mentioned that we need the multiplicity of solutions in terms of financing. we have not going to be that, especially as africa a very significant in terms of the impacts of climate change. so the key thing is left of really, really apps? no, i mean they've been putting the money for employment financing, putting the money in all these agreements that you have that all. busy come up with

but you have not been necessarily resources to make the actual lives. so i think that really is look up is what i'm making bone tricia. i left the simply put the money where it keeps needs to be because it is all affecting. have you guys last affected? i mean, we don't really invest in some of the solutions we are. we are going to get into a more serious situation even when it comes to the for us to cover. and i'll bring that to christine and all that is i'm thinking that is going to be think the best in terms of i think we thought it was sort of similar. so left of putting out it still says many necessary for making sure that we have fit all disagreements and then we move forward in that i don't know the slightly different question to you. the mechanisms that we've talked about so far, the international monetary fund, the well bank, the, the african development bank. those are the mechanisms that generally speaking,

when they have come into countries, they've insisted on changes to the countries finance systems of 13 measures. for example, there's a cost to getting those people involved and often times that cost hits the most poorest, the people. and they, those bases become unpopular or you can send them to the international finance community. is perhaps going to be a bigger problem long term than this optimism that we see right now. so yeah, i'm so sorry. oh, just a d. i mean, um it's, it's a, it's been a lot of the wherever you will complain that them last it's a national um book and i as the sions, financials, palm beach on the conditions. uh, launching into a favorable um fall subsidies would move out of our lives and dislikes us appreciates that goes towards a cash crops that i'm actually export the changing from system. so i'm sure logic spend, yes, and these are some of the contributions and discussions we hope that the african

climates on each should the strongly and, you know, go ahead doing to disclose the contributions around 5 me see nancy new to expand the unborn nets and seeing how we really get and he's at the low cost ation. alfonze back. do a favor be you know, to africa know that developing countries so um yeah, i think of the i may have to go back. um i think the should really, really look into this, make me since the current magazines, i don't think disable africa so much. and um, i think we really, really should go through that under conditions around the climate step swap. but you know, out of the rest of the boy, i don't think um, current instruments are nice, new surgery, rolanda. i mean we don't address this the read. you mean lashley be a big uh barrier as to how we're able to address uh, 58. change you, we're actually looking on the needs of lots of mine, international finance and from the west sir, i'll come to you in just a 2nd. but maurice has donald speaking that you were shaking your head? what did you disagree or? yeah. no,

i think from that i'm disagreeing about that. what that really does are from some of the boys that is mentioned me even in the international finance system as we speak. you have said that on a web president in fox, the president of kenya was mentioned that even the i did that to the amount of interests that event. because i pay a for from global finance. the system is extremely high. and even when we come up with all these new big covenants, let us come up with that kind of zooms. that is loans, but it is brands that, that can do see that the feel about it to the epic on content. because that kind of system, it tells us that the challenge in terms of the amount of money is just gotta collect data and risk. this is the end of the interest i just assumed the uncle of this was . so we've concentrated on the actual summit itself. the financing of this a $120000000000.00 that the u. and is looking forward to help africa with how that might be given to africa was what the financial instruments, private sector,

public sector corporation, all of that sort of stuff. but i want to get back to the actual real problems within africa itself when it comes to the mistrust in that image. the african politicians are corrupt. the g 20. often when they would normally say, we don't want to give any more money to africa. don't know whether it's going to get to the right people. it is an image problem, the, the african continent as racist as that is, has. so how is this somebody going to address that is a going to address the endemic, who am i systematic racism tools? african corruption is not a part of the of africa alone. right? so that perception and narrative needs to change. we look across the atlantic and we see corruption in many other jurisdictions, but somehow when they become one of the african believe that it gets applied. so i think it's the type of courageous and candid conversation. the corruption is

everywhere. however, let's come back home to where what we can do as we're thinking about and, and working through the resurrecting and actually building our confidence. so 2 things that are very can be very, very important. one is including civil society and citizen, re in the conversation about resources, accountability by africans, of african governments are going to be really important. so it's not outside of putting a lens on what advocacy to shouldn't do if the african citizens often times that outlast the political timeline that needs to be involved in this and creating that atmosphere where african citizens and civil society can be part of that. in the start, but the 2nd is what as well is when we talked about domestic recess, mobilization of the money that's required. um i know the quote of a 120000000000 does another 2.24 trillion above all of all that money required. 1.4

will need to come from africa or come from the domestics, i. so how were we were contributing also to this? you know, the pot, if we're not waiting for, for books to just give us resources, we also have to generate resources internally. so how are we thinking creatively on the continent of generating those resources internally? it will have to do with taxation unfortunately, unless the financial flows on those needs to be strengthened. because oftentimes the, the phones come out of africa to the west. so we have a naval or some other jurisdictions that enabled this elicit financial system to thrive. so when the, when the blame comes slowly in africa, i feel like me to share that a bit more. but more importantly, the sharing the lame we to do actual things to mitigate the perception. sometimes the reality, but a lot of the perception of corruption and that involves transparency account comes to believing. sorry,

i think we all set are we all running out talking to do when it comes to other guess just quickly. here's the deal. you've got what 24 hours left of this summit is coming to a close very soon. that needs to be a joint ax, noble statement that comes out of that is gonna surface light. will 3 of you just want to ask you don't know then a boot, do you think that's gonna happen? is there a mission statement that's actionable that will look, that will come out of this summit? yes, i think it's possible we can get some concrete resolution. so that implements of both. um, both of them. if i would want to be into the practical, i don't imagine i'd be designed and uh my colleagues go, sorry. okay. all right, i got time and i do when it comes to i guess to not right. be as well, i understand that you think that might be a statement. maurice what do you think? will that be a joint actual statement just very quickly. i know, but from the side the optimism and i,

i believe that the dog is possible. we still have a different time, it is possible. busy to get something out. the key thing is, as i was mentioning earlier, made us all of the act fast because we don't have the time to really wait and, and the time is just now for us to add to make sure that we can really time to depend on this. each i would have think, oh guess sarah america, i don't know that it can affect her and morris on younger. i'm thank you've to for watching. now, you can see the program again any time by visiting our website. how does their adults come on for further discussion? go to a facebook page, that's facebook dot com, forward slash a inside story. and you can also join the conversation on x a handle. is that agent inside story for me and wrong on the whole team here, bye for now the

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