of the world of high frequency shad trading, exposed this engine that was basically trading. i could have lost $30000000.00, was a terrifying experience. how long sufficient intelligence is? rates for stakes and risks on the money markets. as markets go faster and faster, we're opening up the possibility for an instability for no money bugs. on average of sierra advocates holding as fast that climate. somebody is to decide how to tackle the confidence, climate change challenges. thoughtful the african countries are and 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 confidence suffers the most from the welding tenants and they want wealthy nations to help with the cost. that's why leaders have been catherine 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. while the focus was on the challenges facing the confident post nation, can you also pointed to the potential opportunities in africa. we can be a green industrial hop 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. you 2030 is 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 seek more commitments of the next few in climate conference at the end of the year. they're hoping common position will strength and there had been some 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 sustainable nigeria programs with heinrich bow, stiff tongue, and africa policy thing. time can also in the road be center america, 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 with the african continent is the 1st to have a 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. just to be honest, when you walk around the stomach ground, you, you see the, the, the middle east and those 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 the not the 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 actions . it's true that most of the emissions may not be coming from africa. and it's also true that was dealing with a lot of the effects of climate change about measuring the reactions from our own countries. um, at least with niger for instance, i don't think both taking enough access to actually address the problem as it is. i mean, it's the risky, it's dangerous. it's a good narrative. seems that puts the feet of our feet 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. i'll african countries you know, from agency. and i thinking that when the initiates, if the response or the sites rather than just being 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 i did that we do need to be careful about our optimism. actually, mike 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 a hi 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 there, we are already called magazine busy, busted to fix or climate change, it is no longer a debate to do something that is now submitted gomez, and that the doctor from government compromising this,

the global community at copeland isaac 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, there is just a positional actually 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 they have 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 low 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 one of 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 and coming from other parts of the world. i think in covenant, cheaper and it's the same carbon. so the question is, all the methodologies, the fox do we need to be looked at? that? what does the price the mechanism have? how can countries get the revenue from update absorbing carbon and the charging, those are polluting more to pay for the work we are doing the confidence absorber cover, hospitalization, of conversations we're having. and so i do think there's a place on 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. um,

i saw you just as guiding thing. uh maurice. i will come to in just a quick 2nd, but when it comes to donald fast, fastly, uh, let's talk about this idea of the, the green business might be a forward, particularly for the african continent. it is a consonant with 400000000 people don't have access to electricity on a regular basis that have access to clean water on a regular basis. but now we're also going to big business to kind of come in with these common upset programs. is that the right way to go? do you think? oh, so for me, i think the expense would be lots of questions around the ability of the existing institutions in africa. so and co sign agreement, what's his rights that since she and um, if this is chip, it's good for big businesses and i don't the big business these actually just to find the right way just um, you know, go enjoying uh, 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 i never 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. i don't know if we could take a look at the new sheets of support, more money in the pockets of coal households to be able to afford to gain electricity. and then i think we'll be able to, you know, get some real practical solutions on 0 against more house with getting more incomes . and then we'll work with the story shuttle. 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 this 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 doesn't 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 are there. but how are we in striking 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 bedrooms. 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 say 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 coordinates. 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 advocate 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 util, 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. 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 atkins, what my band in football, the revenue based of, of the african countries, a low and middle income countries can borrow more concessional 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 tackle it. so it's not just brand, it's also loans. and it's also where the private sector comes in with equity, contributions to it's really interesting cetera as you were talking. and when you just said this is in africa offering for a favor, there's no have for 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 i teach needs to be because it is all affecting have after you guys left affected. i mean, we don't invest in some of the solutions we are. we are going to get into a more serious situation, even when it comes to the forest, to cover an hour drive as being that soliciting and all that is going to be think the best in terms of the 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 applicant 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. all you can send then the, 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. i just, i d, i mean, um it's, it's, uh, it's been a lot of the wherever you accompany them last international. um, but can i see? sions financials, uh, palm beach on the conditions. uh, launching into a favorable um fall subsidies move out of our lives and dislikes us pushes that goes towards the um, cash groups that nicely export the changing funds to spam. so i'm sure logic spend yes. and these are some of the contributions and discussions we hope that the

african climate saw me shoot me strongly and you know, go ahead doing to disclose the contributions around 5 me see nancy. new to expand in burrow nets and seeing how we really get a sense of log on sation alfonze back. do a favor be you know, so 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 this evil 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 do have to address this, the read dvd 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 mines, national financing 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. oh, how does the president be 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 with it as grants that that's conducive that the fed about it to the applicant 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 responses and, and the interest i just stream the, until i'm told 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 half ago 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, start. 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 summit going to address that is a going to address the endemic? well, my systematic racism, tools, african corruption has not heard of africa. i know. right, so that perception and narrative needs to change. we look across the atlantic, nbc corruption in many other jurisdictions, but somehow when they become one of the african related again, amplified. so i think it's the type of courageous and candid conversations. 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 as citizenry 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 as well as well is when we talked about domestic recess, mobilization of the money that's required. um i know the quote of a 120000000000. there's another 2.24 trillion above the of all that money required

. 1.4 will need to come from africa or come from the domestics, i. so how are we, we're contributing also to this, you know, the, the pot, 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 of fortunately elicit financial flows. i'm those needs be strengthened because oftentimes the, the funds come out of africa to the west. so we have enabled us and other jurisdictions that enabled us eliza financial system to thrive. so when the, when the leading comes slowly and africa, i feel like need to share that a bit more. but more important question, but 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 contemplating. sorry, i think we all, sir,

we are running our target. i do when it comes to what 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 so if it's viable 3 of you, just want to ask you don't know, then a bu judge you think that's going to happen? is there a mission statement that's actionable? that will work, that will come out of this summit. yes, i think it's possible we can get some concrete, the resolution. so that's uh, implementable um, but um 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 rule that would be a joint actual statement just very quickly. i know, but from beside the optimism and i,

i believe that the data is possible. we still have a different time. it is possible, we are going to get something out. the keep these as i was mentioning earlier, made us all of a fast because we don't have time to really wait and, and the time is just not for us to often make sure that we can really time to depend on this each. i want to think, oh guess sarah america don't know that it cannot of hyper and morris on yogurt. i'm thank you to for watching. now, you can see the program again any time by visiting our website. how does it or adults come on for further discussion? go to a facebook page, that's facebook dot com, forward slash a j inside story. and you can also join the conversation on x a handle. is that a inside story for me and my uncle and, and the whole team? i for now the

the examination game. just today's headlines. we're playing now with news. we don't really understand what the rules are and how modern, setting the agenda for tomorrow's discussions. what can we do to boxing? i've seen goes in every sport, extra boxing, international film make cars, and will cross journalists bring programs to enforce. uninspired. how old are you? you should never ask the lady how old her code is. barnowski is here. i am very delighted by stating that all the confidence, brightest, legal students, putting minds against them. this means in africa would really be interesting to see

how we miss uh gather together for tournament. unlike any other top me expressing meaning that we can cause a human and people drive is now invest in weakness. africa. move on out is era freezing, winds and rugged terrain and at times seem impossible. but for ask on, traders who praised the will concord or that is no choice combating the impossible to sell that goods in isolated areas. we found out that during journeys as they overcome the extremes, risk and you can install it on al jazeera, that we tower the untold story. we speak with others to the customer who

am i to where it takes a police. we have cnn empower and puncture. we tell your story, we are your voice, your news, your net out is here. the you want to, i'll just bear with me. so robin in de la reminder of all talk new stories. so the weather is causing catastrophic floods and bulgaria grease and 2 kids. at least 9 people have been concerned that and several of us are missing forecast is a predicting bull rain in the coming days. johnson droplets has moved from athens full regions of the country in a declared state of emergency. and increasingly, localities and cities are also being declared in the state of emergency west of

this area. as the weather moves across the country from east to west. what we're seeing and what we're hearing is that people are being lifted.