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Kenya's leader says climate change is eating away Africa's GDP, calls for talks on global carbon tax

  • Climate change is negatively impacting Africa's economic progress, with the continent losing 5% to 15% of its GDP growth every year. Kenya's president called for a global conversation about a carbon tax to address this issue. Biased language includes the phrase "Those who produce the garbage refuse to pay their bills."
  • The Africa Climate Summit included calls to reform global financial structures that have worsened the debt crisis for African nations, who pay five times more to borrow money than others. John Kerry, the U.S. government's climate envoy, acknowledged the unfair debt and highlighted that 17 of the world's most climate-impacted countries are in Africa.
  • Climate finance was highlighted as key, with commitments from richer nations to provide $100 billion per year to developing countries still unfulfilled. The summit also aimed to highlight Africa's renewable energy potential and shift the narrative from victim to assertive partner. Biased language includes the phrase "Africa cannot be nature-rich and cash-poor.
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Financial Times broke the news in London, United Kingdom on Tuesday, September 5, 2023.
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