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Guterres urges finance reform, expanded climate adaptation funding and fair mineral value chains for Africa
Summary
United Nations Secretary-General Antonio Guterres told African Union leaders that Africa pays higher borrowing costs, receives a small share of renewables investment and needs massive adaptation finance and fairer mineral value chains to realize its clean-energy potential.
Antonio Guterres, United Nations Secretary-General, told African Union leaders that Africa faces structural economic disadvantages on debt, investment and access to climate finance, and he urged reforms and large-scale funding to support adaptation and a just energy transition.
Guterres said African countries pay "up to eight times more" to borrow than developed countries and that about 20…
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