(Bloomberg) — African leaders called for wide-ranging debt relief and a flood of climate finance to help the continent boost its electricity generation from renewable sources almost sixfold by 2030.
In a declaration signed by leaders at the inaugural Africa Climate Summit in the Kenyan capital, Nairobi, they called for the tenor of sovereign loans to be extended, debt pauses when climate disasters strike and a 10-year grace period on interest payments. Those measures would go some way to allowing some of the worlds most vulnerable countries to bolster their climate resilience and develop their economies, according to the document.
The declaration, the leaders said, will serve as a basis for the continents common position going into the …
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