Overview

• African heads of state launched the Second African Climate Change Summit in Addis Ababa, presenting a unified agenda to position the continent as a model for green industrialization.
• Prime Minister Abiy Ahmed called to design the world's next climate economy and proposed a continent-funded innovation initiative to deliver 1,000 climate solutions by 2030, while signaling interest in hosting COP32.
• A summit report highlighted an adaptation funding shortfall, estimating Africa needs at least $70 billion annually versus about $15 billion provided in 2023.
• New data show momentum in renewables, with 20 countries setting records for solar panel imports and a 60% year-on-year rise in photovoltaics from China, though access and investment gaps remain large.
• Leaders warned that fraying multilateral cooperation, including the U.S. exit from the Paris pact, is undermining support, and the gathering coincides with the GERD inauguration that has heightened tensions with Egypt and Sudan ahead of COP30 in Brazil.