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Africa's role in the green industrial revolution hinges on climate finance
At COP29 in Baku, discussions focus on scaling climate finance commitments to meet the $2.4 trillion annual investment needed by 2030 for energy transitions and resilience in Africa. The Nairobi Declaration emphasizes the continent's potential for climate-positive growth through renewable energy and green industrialization, aiming to create millions of jobs and enhance global value chains. With urgent action required to combat climate impacts, Africa is positioned to lead the green industrial revolution, contingent on increased climate finance and innovative partnerships.