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3w ago

Africa Climate Summit Launches $100 Billion Green Industrialization Plan, Backs 1,000-Solution Innovation Push

Leaders press for fair, predictable finance to close a widening adaptation gap.

Artists walk on stilts during the Second Africa Climate Summit (ACS2) in Addis Ababa, Ethiopia, Monday, September 8, 2025. (AP Photo/Brian Inganga)
Dancers perform during the opening of the High-Level Leaders Summit at the Second Africa Climate Summit (ACS2) at the Addis International Convention Center (AICC) in Addis Ababa, Ethiopia, Monday, Sept. 8, 2025. (AP Photo/Brian Inganga)
Ethiopia's Abiy Ahmed and TK Kenya's William Ruto at the Africa Climate Summit in Addis Ababa. Image courtesy Africa Climate Summit. (Public Domain) https://africaclimatesummit2.et/media/blog_images/1000016689.jpg
African heads of state and government representatives walk into the plenary hall for the opening of the Second Africa Climate Summit (ACS2) in Addis Ababa, Ethiopia, Monday, Sept. 8, 2025. (AP Photo/Brian Inganga)

Overview

  • African development banks and private lenders said they will mobilize more than $100 billion under the Africa Green Industrialization Initiative to build renewable-powered industry and value chains.
  • Ethiopia’s Abiy Ahmed proposed an African Climate Innovation Compact to unite institutions and deliver 1,000 homegrown climate solutions by 2030.
  • New programs were announced, including an EU-funded Continental Energy Programme and a German-backed effort to support Africa’s energy transition, within a broader plan targeting €150 billion in investment.
  • Reports at the summit highlighted an adaptation finance shortfall, with Africa needing roughly $61 to $70 billion a year versus about $15 billion provided in 2023.
  • A joint declaration is due this week for COP30 in Brazil, as Ethiopia inaugurates the 5,000-megawatt Grand Ethiopian Renaissance Dam that remains contentious for Egypt and Sudan.