A joint project preparation facility, backed by financial institutions, will be created to fast-track bankable green projects.
Keep Reading
"As chair of the Committee of African Heads of State and Government on Climate Change, President Ruto will use the Addis platform to push for fair resource valuation, equitable carbon pricing, and reforms in global finance to ease debt and climate risks," the statement added.
Beyond plenary sessions, the President is scheduled to participate in a series of high-level thematic meetings with global leaders, development partners, and private sector actors.
He will also address the Africa-CARICOM Summit, where discussions will focus on reparatory justice, debt sustainability, and transcontinental cooperation.
Another key engagement will see him attend the inauguration of the Grand Ethiopian Renaissance Dam (GERD), where he will serve as chief guest.
President William Ruto, First Lady Rachel arrive at Bole International Airport, Addis Ababa are received by Transport and Logistics Minister Alemu Sime, for the 2nd Africa-CARICOM Summit. [PCS]
The dam, a symbol of African self-reliance, already strengthens Kenya's energy security through the Ethiopia-Kenya interconnector, which delivers clean and affordable electricity that supports industrial growth and stabilizes supply during droughts.
The Africa Climate Summit, hosted by Ethiopia from September 8-10, will draw more than 45 heads of state and government, policymakers, financiers, academics, businesses, youth, and civil society.
Its theme, "Accelerating Global Climate Solutions: Financing for Africa's Resilient and Green Development," underscores the urgency of mobilizing resources for adaptation and resilience.