African Development Bank’s President, Akinwumi Adesina, on Monday joined world leaders to discuss the global transition to clean power as part of a green recovery and identify actions that can be taken to support this.
The virtual COP26 Roundtable on Clean Power Transition, themed, ‘Achieving a rapid shift to green, affordable and resilient power systems,’ was held amid growing recognition that climate change remains one of the greatest challenges facing humanity.
Participants included United Nations Secretary General, António Guterres, COP26 President, Alok Sharma, the United Kingdom Foreign Secretary, Dominic Raab, Italian Minister of Foreign Affairs, Luigi Di Maio, and representatives from governments, multilateral development banks, the private sector and international organisations.
Guterres said 2021 would be critical “not only in beating the COVID-19 pandemic but in meeting the climate challenge,” adding that African countries in particular are vulnerable and renewed his call for developed nations to fulfill their longstanding pledge to provide $100bn a year for developing countries to support both climate mitigation and adaptation.
“Huge amounts of money have been earmarked for the COVID-19 recovery and stimulus measures. But sustainable investments are still not being prioritised,” Guterres said.
“We must invest in the future of affordable renewable energy for all people, everywhere.”