The Africa Climate Summit to be held in Nairobi has received
commitments of over $26 billion (Sh3.35 trillion), organizing partners have
revealed.
According to data seen by The Star, United Arab Emirates, committed $4.5 billion (Sh580.5 billion) towards Africa’s climate agenda. Additionally, Green Investment Pledge offered $23 billion (Sh2.97 trillion) for clean energy projects across the continent.
Kenya is seeking to cut its greenhouse gas emissions by 32 per cent by 2030. It is estimated that $62 billion (Sh8 trillion) is required for this, with $17.7 billion (Sh2.3 billion) earmarked for mitigation and $43.9 billion (Sh5.7 trillion) for adaptation.
The country has committed to meeting 13 per cent of the budget while relying on international support for 87 per cent in form of finance, investment, technology development and transfer, and capacity building.
Speaking during a convention that brought together, leaders, climate experts, and organizations dedicated to creating a sustainable and resilient future for the continent, Jacob’s Ladder Africa CEO and Co-Founder Sellah Bogonko said, “If implemented, the outcomes of ACS will significantly change the trajectory of Africa. For this reason, Jacob’s Ladder Africa, in conjunction with partners in the private sector, civil society organizations and the Government of Kenya, have led the charge to take stock of the progress made since ACS, in February 2025, along with key thematic convenings taking place prior.”
The conference will come as a boost, as the African Carbon Markets Initiative revealed that it has set a target to produce 300 million carbon credits annually by 2030, aiming to provide Africa with a stronger stake in the global carbon market.
Germany has further contributed €450 million (Sh62 billion) to support climate resilience and sustainability initiatives, including €100 million (Sh13.8 billion) specifically designated for loss and damage reparations and another €100 million to bolster the African Development Bank’s Climate Action Window. Africa has been attracting more funds for climate mitigation and adaptation projects in recent years, but it still gets less than one per cent of the global climate financing on an annual basis.
The Africa Climate Summit to be held in Nairobi will gather over 30,000 participants from 130 countries, with over 20 heads of state and government, expected to join forces with other global leaders, activists, and investors to push for sustainable initiatives