Addis ababa: The private sector is being called upon to play a significant role in addressing climate change during the upcoming Second Africa Climate Summit in Addis Ababa next month. Planning and Development State Minister Seyoum Mekonnen highlighted the importance of private sector involvement in mitigating climate impacts.
According to Ethiopian News Agency, a key agenda item for the summit includes discussing the roles and engagement of private sectors in climate change mitigation. The state minister emphasized that financial institutions and other private sector entities are crucial in accelerating global climate solutions and achieving a climate-resilient economy, while also being vulnerable to climate change impacts.
Seyoum urged the private sector to actively engage in the summit by contributing ideas, showcasing adaptive solutions, and providing financial support. During a panel discussion, he briefed sector and financial institution representatives on participation strategies for the summit, whic
h Ethiopia is co-hosting with the African Union.
The state minister also highlighted Ethiopia’s proactive measures in combating climate change, noting that the country will share its successful practices during the summit. He described the event as a pivotal gathering for decision-making on preventing and coping with climate change, a global challenge.
Furthermore, the summit aims to propose solutions and build continental capacities to address climate change. The event, themed ‘Accelerating Global Climate Solutions: Financing for Africa’s Resilient and Green Development,’ serves as a platform for Africans to voice their concerns and demonstrate leadership in climate solutions.