Economy

Zambia calls for financial, technology support if Africa is to play role in just energy transition

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Zambia’s Ambassador to France, Christine Kaseba, says financial and technological support is needed for a just energy transition for Africa to play its role in the global emission reduction aspiration.

Kaseba called for a strong Just-Transition Agenda that accounts for an expected US$1.3 trillion in stranded assets arising from a transition away from fossil fuel industries.

Read more: France invites Zambia’s ministers to explore possible investment collaborations

The Ambassador made the remarks in Paris during a high-level discussion on climate change organised by the International Energy Agency (IEA) held under the theme; The road to COP28, the role of the Energy sector in accelerating climate action.

This is in a statement issued on Sunday by First Secretary Press and public Relations at Zambian Embassy in Paris Naomi Mweemba.

Kaseba said Zambia, being the Chair of the African Group of Climate Change Negotiators, is looking forward to working with Al- Jaber to ensure tangible and scalable COP28 outcomes.

She stressed the need to prioritise Africa’s needs on the agenda.

“If we are to succeed in our mobilisation efforts, we need to establish Just Energy Transition Financing pathways that will support programmes linked to countries’ nationally determined contributions (NDC’s) and their expected 2024 Updated NDCs,” Kaseba said.

She said that both local and international plans need to adopt a gradual and phased transition to new and alternative sources of energy to achieve climate change targets.

Speaking at the same event, COP28 President designate Sultan Ahmed Al-Jaber called for more funding, easy and affordable access to finances to fight the threats of climate change faced by the global south and the vulnerable communities.

Contributed by Julius Phiri

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