COP28: COP28 Africa Investment Earthshot Leaders Summit: High-Level Nairobi Declaration Investment Earthshot Dialogue

Green industrialization with global commercial and technology partnerships is the only way that Africa can leapfrog from a $9bn to a $7trn participation in global green value chains.

 The Africa Investment Earthshot Leaders’ Summit brings together Heads of State, investors, corporations and philanthropies, to shape an investment Earthshot roadmap process, for the Nairobi Declaration, to mobilize private capital at scale that can be deployed at speed, and to co-create ambitious blended investments and institutional investor-public partnerships (IIPPs) that can optimally marry regional and global market demand with Africa’s industrial and just energy system transformation and growth. The Summit will convene African and global public and private sector investment institutions and leaders, to share a new African Investment Earthshot vison and narrative for Africa’s at scale, investable contribution and benefit from its increased participation in the $10trn per annum and growing global green industrial economy, to accelerate the decarbonization of the continent and the world at industrial scale. 

The Summit builds the Africa Climate Summit and the African Union’s 5% Infrastructure Investment Allocation Agenda (The 5% Agenda), to establish African green industrial infrastructure as a globally competitive investable asset class. Sessions will feature investment initiatives for Carbon Markets, Green Hydrogen, Critical Minerals and issues such as reducing the Cost of Capital, Green Manufacturing, Renewables investing, Sustainable Agribusiness and Healthcare investing. The Summit will also host the 2023 African NDC Investment Awards, designed to inspire speedy implementation and greater investment and private capital mobilization ambition across all NDCs. 

Summit outcomes will be taken forward by the African Union’s (AU) Continental Business Network (CBN), in consultation with the African Committee of Heads of State on Climate Change. The initiative will be advanced at the upcoming AU Heads of State Summit and build momentum throughout the COP28 Presidency, with formal progress reports being presented at COP29 and the next Africa Climate Summit.