Tony Elumelu to join King Charles, Biden at climate forum

The Chairman of Heirs Holdings, Tony Elumelu, will join King Charles III of the United Kingdom, and United States President, Joe Biden, at the Climate Finance Mobilisation Forum.

The forum holding in London would help to attract a new generation of capital to combat climate change.

A statement said, in achieving the goals of the Paris Agreement, it required unlocking private investment at unprecedented speed and scale.

Elumelu is one of Africa’s most prominent advocates for equitable climate finance and is a leading funder of young African entrepreneurs through the Tony Elumelu Foundation working to create sustainable climate solutions

Africa needs a just, fair, equal and a realistic strategy to address the inequalities that exist between Africa and the rest of the world,” Elumelu stated.

According to the statement, Africa has a significant energy deficit and must prioritise the provision of a mix of both traditional and renewable energy.

Emerging economies, particularly in Africa, would require an additional $1tn of investment per annum by 2030 to support a fair transition, it said

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