Dollars rain on day one of Africa Climate Summit

Various governments and organisations have announced deals and investments worth hundreds of millions of dollars on day one of the Africa Climate Summit (ACS) (from September 4 to 6) which runs alongside the ongoing Africa Climate Week (September 4 to 8), both held in Kenya.

Opening the inaugural Africa Climate Summit, Kenya’s President William Ruto said “It is time to break out of the shackles of low ambition.”

On Monday, the first day of the summit, the United Arab Emirates (UAE) committed to buying $450 million of carbon credits from the Africa Carbon Markets Initiative (ACMI).

Source: Nigerian Tribune