US EditionAfrican Leaders Urge Fair Funding with $50bn Climate Call
African leaders at the summit unveiled initiatives to mobilize $50 billion annually, aiming to close financing gaps and boost renewable energy capacity to 300 GW by 2030.
- On Wednesday, September 10, 2025, the Second Africa Climate Summit in Addis Ababa concluded with African leaders unveiling the Africa Climate Innovation Compact and the African Climate Facility to mobilise $50 billion annually.
- Against a backdrop of weak delivery, African leaders demanded at least US$1.3 trillion by 2035 and 20% of global renewable financing as grants, not loans.
- A summit report found Africa holds 60 percent of the world's best solar resources but made less than one percent of renewable capacity additions in 2024, while schools across sub-Saharan Africa consume nearly eight million tonnes of firewood annually.
- Published in its final form on the summit's last day, the Addis Ababa Declaration frames Africa's stance at COP30 in Brazil later this year, urging grants over loans, debt relief mechanisms, and reforms to improve climate finance access, demanding developed countries honor commitments.
- To meet its targets, leaders were told Africa must triple its annual renewable growth rate from 6.2 percent to reach the 300 GW renewable energy target by 2030, while speakers warned 'transitional fuels' risk stranded assets.
12 Articles
12 Articles
The second African Climate Summit concluded on Wednesday in Ethiopia. The declaration adopted at its conclusion revives the issue of climate finance and reflects efforts to speak with a common voice in the upcoming UN climate negotiations in November.
Africa looks to raise $50bn a year for new climate solutions initiative
Africa is aiming to secure $50bn (R876.87bn) a year for a new continental climate solutions initiative sponsored by Ethiopia's Prime Minister Abiy Ahmed, a draft declaration after a leaders' climate summit in Addis Ababa showed on Wednesday.
African countries push for radical change to tackle climate crisis as key summit ends
Nick Ferris reports from Ethiopia’s capital, Addis Ababa, where activists back ambitious final declaration at second African Climate Summit – but pile scorn on lack of help from rich nations
Debriefed 12 September 2025: Africa calls for promised finance; Deadly heat linked to big oil; How to tackle net-zero backlash
Welcome to Carbon Brief’s DeBriefed. An essential guide to the week’s key developments relating to climate change. ‘NOT CHARITY’: At the second Africa climate summit held in Addis Ababa in Ethiopia this week, leaders “chastised developed nations for failing to honor [climate finance] pledges” and said they will “tap the private sector” to help fill the gap, Bloomberg reported. Source
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