Sun, 21-Dec 2025

Search news articles
  • Home
  • Press Releases
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Shows
Subscribe
Events
Subscribe
  • Home
  • Press Releases
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
    • Disclaimer
    • Privacy Policy
    • Advertise with us
    • Share with us

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2025 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.29

    Kenya, 142 Countries Recommit to Global Deal on Fossil Fuels-UNGA

    The Kenyan
    By The Kenyan Wall Street
    - September 23, 2024
    - September 23, 2024
    African Wall StreetClimateGlobal News
    Kenya, 142 Countries Recommit to Global Deal on Fossil Fuels-UNGA

    Kenya and 142 other countries have voted for the adoption of the United Nations (UN) PACT for the Future, with UN Security Council member Russia, Belarus, and Iran voting against.

    • •15 countries abstained from the vote for the pact, which ‘repeats the COP28 agreement that saw countries also agreeing to tripling of renewable energy and doubling energy efficiency by 2030.’
    • •The vote took place at the start of the Summit of the Future in New York, USA, ahead of the United Nations General Assembly (UNGA).
    • •Russia had tabled an amendment to include “principle of non-interference in the internal affairs of states” which was overwhelmingly rejected.

    “Today’s vote at the UN is a solid signal that countries are aware we cannot backtrack on previous agreements,” Ali Mohamed, Kenya’s Climate Envoy, said after the vote, “We must not be looking back, instead we must continue to commit our focus on implementing efforts to keep global temperature rises to the 1.5c limit.”

    “This must happen through increased investment in renewable energies, through increased efforts to double energy efficiency. Finance is the key to unlocking progress,” Mohamed added.

    African countries are pushing for action in addressing climate change, debt, and financial disparities. Among the proposed solutions is a new global climate finance target of at least $1.3 trillion in grants and concessional funding. The continent’s 54 countries are also pushing for comprehensive debt relief and “restructuring mechanisms that create the fiscal space needed for sustainable development and climate action.”

    “From now on, any country claiming climate leadership will be put to this test: do you have a fossil fuel transition plan? And for rich producing countries, the test includes support for developing countries to make their transition,” Catherine Abreu, Director, International Climate Politics Hub said.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa