Why is it in the news?

• Launched by African leaders during the third day of COP28.

More about the news

• Aims to accelerate green growth in African industries.
• Builds on the existing $4.5 billion Africa green investment from the UAE.
• Leaders stress the importance of de-risking for green industrialization.
• Emphasizes the need for developing long-term plans for sustainable green growth.
• Djibouti aspires for 100% green energy.
• Zambia highlights the importance of a shared resource pool for the continent’s benefit.
• Aims to position Africa as a global supplier of green energy and resources.
• Highlights the continent’s priorities for industrial transition.
• Emphasizes the need for just and equitable partnerships.