CILPA, Kenia, Sept. 4, 2023 /PRNewswire/ — As we prepare for the Africa Climate Summit, we, H.E. President of Kenya William Samoei Ruto, COP28 President-Designate Dr. Sultan Al Jaber and African Union Commission Chair Moussa Faki Mahamat affirm our commitment to work towards realizing ambitious climate action in this critical year of the Global Stocktake.
Africa is a continent brimming with promise. It is blessed with abundant renewable energy potential that is waiting to be tapped. Africa’s 1.4 billion people represent 17% of the world’s population,60% of which are under the age of 25 making it the youngest population in the world. It is also the home to 5 of the 10 fastest growing economies in the world.
But despite accounting for less than 3% of the world’s energy-related carbon dioxide emissions to date and having the lowest emissions per capita of any region, Africa is also home to many of the most climate vulnerable countries.
As we commence the Africa Climate Summit in Nairobi and with 87 days to COP28 in the UAE, the actions we take now will be crucial to building the necessary adaptive capacities as well as keeping 1.5C within reach.
Both the Africa Climate Summit and COP28 are significant milestones towards realizing our common priority to accelerate a just, equitable, and orderly energy transition that puts our economies on a path toward a new low-carbon, high-growth, sustainable socio-economic model, supported by substantially scaled up climate finance.
We welcome the Africa Climate Summit platforming critical perspectives, solutions, and priorities in our collective fight against climate change. This is a crucial step towards catalyzing climate action by Africa and for Africa.
It is our shared conviction that COP28 must accelerate practical action across mitigation and adaptation and build an inclusive climate process focusing on people, lives, and livelihoods that leaves no one behind.
The time for implementation is here. The African Union, Kenya and COP28 Presidency affirm that Africa’s governments and peoples can play a fundamental role in delivering effective solutions that implement the goals of the Paris Agreement across the entire climate agenda.
We must ensure that climate finance is more available, affordable, and accessible to all developing countries, including those in Africa, and that international investment and support is massively scaled up to enable commitments to be turned into actions across the continent.
Furthermore, it is vital that we restore trust in the multilateral process if we are to achieve progress. Developed countries must deliver on their historical commitments, including the $100 billion of annual climate finance, doubling adaptation finance and ensuring a strong replenishment of the Green Climate Fund.
The Africa Climate Summit and COP28 are key steppingstones towards building a new climate finance architecture that is inclusive, brings more private finance to the table, and operates at the scale required for developing countries to adapt and mitigate.
The Africa Climate Summit and COP28 must also work towards strengthening mitigation efforts by advancing momentum for the significant reduction of greenhouse gas emissions and providing a credible path to a just, responsible and orderly energy transition.
On a continent where 43% of the population lacks access to electricity, clean and efficient energy offers an opportunity to supercharge Africa’s economic growth while improving lives and livelihoods. Tripling global renewable energy capacity and doubling the rate of energy efficiency improvements will be critical to achieving net zero by mid-century and keeping 1.5C within reach.
The Africa Climate Summit and COP28 are also committed to ensuring that the human face of the climate crisis is at the center of all our decision making. Our efforts are focused on advancing a credible response to climate change that builds resilience and limits impacts on lives and livelihoods through clear and tangible outcomes on adaptation and loss and damage. This includes operationalizing the loss and damage fund and funding arrangements at COP28. We have to make every effort to realize the promise made at COP27 in Egypt, including early capitalization of the fund.
Building momentum towards a comprehensive and robust framework for the Global Goal on Adaptation at COP28 is an important step toward deeper collective action on adaptation, effective adaptation finance, and protecting the most impacted populations and ecosystems. If we deliver a Goal that lives up to the task parties set themselves in Paris, it will reduce climate vulnerability for people and communities.
Adaptation finance is an essential part of implementation. Adaptation finance represents less than 10 per cent of all climate finance and this imbalance must be urgently addressed.
A comprehensive systems change is also essential to have lasting impact. Both the Africa Climate Summit and COP28 are focusing on the need for transforming food and health systems and embedding nature and biodiversity protection with climate action in pursuit of this objective.
Finally, acknowledging the vital role of youth in shaping our collective future is at the heart of both our respective agendas. We look forward to the voices of many young people shaping the outcomes of the Africa Climate Summit and COP28.
We welcome Africa’s leadership and commitment in our collective fight against climate change and we call on all stakeholders to engage constructively in finding and driving solutions. Africa has the potential to be a global trailblazer for the energy transition, green industrialization, and delivering sustainable economic development, and the Africa Climate Summit will be a landmark moment in that journey.
We must now work towards showcasing our collective political will—in Kenya and in the UAE—towards tackling the climate crisis. Every moment matters and every action takes us further. Now, more than ever, we must all unite, act, and deliver.
Notes to Editors – COP28 UAE:
- COP28 UAE will take place at Expo City Dubai from November 30-December 12, 2023. The Conference is expected to convene over 70,000 participants, including heads of state, government officials, international industry leaders, private sector representatives, academics, experts, youth, and non-state actors.
- As mandated by the Paris Climate Agreement, COP28 UAE will deliver the first ever Global Stocktake – a comprehensive evaluation of progress against climate goals.
- The UAE will lead a process for all parties to agree upon a clear roadmap to accelerate progress through a pragmatic global energy transition and a “leave no one behind” approach to inclusive climate action.”
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67% of larger hospitality operators are unhappy with their current tech stack: insights unveiled in new research report from Vita Mojo
New research from Vita Mojo and KAM reveals the shortcomings of modern restaurant tech, with over half of operators reporting inefficiencies are stopping them achieving business goals.
LONDON, Sept. 22, 2023 /PRNewswire/ — Vita Mojo, the hospitality tech specialist, has launched a new research report into the impact of technology on the hospitality industry, shining a light on how operators feel about their current tech stack.
Commissioned by Vita Mojo and conducted by specialist hospitality market research agency KAM, the survey asked 81 executives from the leading quick-service restaurant (QSR) and coffee chain brands about their experiences with restaurant technology.
The resulting report – Hospitality Tech 2024: Bridging the efficiency and profitability gap – indicates that certain technologies are holding the industry back.
The survey results show that the hospitality sector is facing a number of challenges:
- A disconnect between efficiency and growth
56% of operators say that not having enough time is a significant barrier to achieving their business goals, but only 28% report fixing inefficiencies is a focus area for the business.
- Frustrations with the complexity of technology
44% of operators don’t think they have the in-house skills to make the most out of their tech solutions, and 31% believe that too much training is needed to use digital solutions properly.
- Missing out on data-driven decision-making
Two in three businesses are frustrated that they are not making the most of the data they collect through their tech solutions. Nearly 40% find it hard to use data because it’s split across siloed platforms.
- Technical support is failing to deliver
Just one in four are very satisfied with the support or advice they receive from their providers.
“When tech works well, your restaurant works well,” says Vita Mojo’s co-founder and CEO, Nick Popovici. “But when it goes wrong – which is often – running a restaurant becomes an uphill struggle. By combining multiple point solutions from a range of different suppliers, the modern Point of Sale (POS) restaurant tech stack used by so many restaurants and chains has become a serious barrier to growth and success.”
“The results of this survey prove that the POS-centric model isn’t working for restaurants. From wasting time updating menus across multiple systems to spending countless hours updating pricing and site information, there are just too many ways in which restaurant tech isn’t making the grade.”
Along with insights from the survey results, Vita Mojo’s report includes real-life examples of exactly how restaurant brands are managing to overcome these tech challenges and fix inefficiencies, which has allowed them to operate and grow with new confidence.
About Vita Mojo
Vita Mojo transforms chaos into confidence for hospitality operators worldwide. Founded in 2016, Vita Mojo started life as the UK’s first cashless, digital-only restaurant, but it soon became clear the entire hospitality industry could benefit from its end-to-end, flexible Order Management System.
Today, Vita Mojo empowers over 130 brands across five countries (including LEON, YO!, tossed and GAIL’s Bakery) to streamline order management, improve guest relationships, seamlessly expand across channels, and grow their business.
For more information visit www.vitamojo.com
View original content:https://www.prnewswire.co.uk/news-releases/67-of-larger-hospitality-operators-are-unhappy-with-their-current-tech-stack-insights-unveiled-in-new-research-report-from-vita-mojo-301936223.html
Ghana launches USD 550 billion Energy Transition and Investment Plan for achieving net-zero emissions, creating 400,000 jobs by 2060
President Nana Akufo-Addo unveils country’s roadmap for green growth and decarbonizing key economic sectors developed by Government of Ghana and SEforALL
NEW YORK, Sept. 22, 2023 /PRNewswire/ — His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country’s new Energy Transition and Investment Plan yesterday during a Global Africa Business Initiative event in New York.
The plan marks Ghana’s commitment to fighting climate change and fostering economic development in tandem. It details a credible pathway for how Ghana can achieve net-zero energy-related carbon emissions by 2060 through the deployment of low-carbon solutions across key sectors of its economy, including oil and gas, industry, transport, cooking, and power.
Ghana’s government intends to use the plan as its main tool to engage the international community and investors for support with its energy transition. All measures suggested in the plan represent a USD 550 billion opportunity for the international community to invest in sustainable development in Ghana. If the plan is achieved in full, it would generate 400,000 net jobs within Ghana’s economy.
The country’s existing Energy Transition Framework previously set a target of net zero by 2070, but this new plan shows Ghana has increased its ambition and is targeting net zero by 2060.
Various sectoral changes and technologies are proposed in the plan. Four main decarbonization technologies – renewables, low-carbon hydrogen, battery electric vehicles and clean cookstoves – would cover over 90 percent of the targeted abatement by 2060.
Without pursuing the plan, under a business-as-usual scenario, Ghana’s emissions are expected to rise from 28 Mt CO2e in 2021 to over 140 Mt in 2050, with the bulk of emissions growth coming from transport, driven by population growth, GDP per capita growth, and vehicle ownership.
By implementing this plan, Ghana and its partners can instead bring the country’s energy-sector-related carbon emissions to net zero, while demonstrating that action against climate change does not need to come at the expense of economic development.
The Energy Transition and Investment Plan was developed by the Government of Ghana with technical support from Sustainable Energy for All (SEforALL).
“This pioneering Energy Transition and Investment Plan maps out Ghana’s journey to achieve net-zero emissions by 2060 based on the latest data and evidence, ensuring that as our economy thrives, it does so in harmony with the environment. This plan is a testament to our dedication to fostering green industries, nurturing the evolution of cutting-edge low-carbon technologies, and propelling our nation towards a sustainable industrial revolution while giving equal growth opportunities to men and women.”
-His Excellency Nana Akufo-Addo, President of the Republic of Ghana
“Ghana’s commitment to a just and equitable energy transition has translated to an ambitious plan that builds a case for low-carbon and energy-efficient solutions across Ghana’s entire energy system. These solutions present a tremendous opportunity for partners and investors from around the world to contribute to climate action and sustainable development in Ghana.”
–Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, and Co-Chair of UN-Energy
View original content:https://www.prnewswire.co.uk/news-releases/ghana-launches-usd-550-billion-energy-transition-and-investment-plan-for-achieving-net-zero-emissions-creating-400-000-jobs-by-2060–301936200.html
World Investment Forum to incentivize global investment in sustainable development
ABU DHABI, UAE, Sept. 22, 2023 /PRNewswire/ — Recognizing sustainability as the defining challenge of our time, the upcoming UNCTAD World Investment Forum (WIF), to be held from 16 to 20 October 2023 in the UAE’s capital Abu Dhabi, will serve as the perfect opportunity to facilitate the transition to a more sustainable economy, particularly for developing countries.
The 8th edition of the Forum, to be anchored on the overall theme of “Investing in Sustainable Development,” will bring together heads of state and ministers, CEOs of largest global companies, and other investment stakeholders from various countries to formulate policies and strategies that will address key and emerging investment-development challenges through a series of local and international forums and conferences.
Over 7,000 investment stakeholders from 160 countries will be participating in the 8th edition of WIF at the Abu Dhabi National Exhibition Centre (ADNEC).
The UAE hosting WIF this year coincides with the country’s declaration of the year 2023 as the “Year of Sustainability,” which will encourage nationwide commitment to sustainable practices and innovative solutions to help address environmental issues on a global scale.
His Excellency Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, reaffirmed the country’s dedication to sustainability, saying that “the UAE is committed to playing a leading role in the global transition to a more sustainable future. We believe that WIF 2023 will provide a unique platform for international leaders to come together to mobilize the necessary investments to make this transition a reality.”
His Excellency Rashed Abdulkarim Al Blooshi, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED) said: “Hosting WIF 2023 reflects Abu Dhabi’s approach and commitment to sustainable socio-economic development, which is based on strong beliefs and a long history of the wise use of resources. We will be working closely with all partners to ensure that the Forum’s conversations generate innovative ideas and solutions to create a more sustainable future for all.”
Some of the sustainability sessions include “Delivering Public Sector Investment for Sustainable Development” in partnership with ACCA; “Alignment of Investment in Sustainable Infrastructure with the Paris Agreement” with Middlesex University Dubai; and “Accelerating Green Investments in Tourism for Sustainable Development” with the United Nations World Tourism Organization (UNWTO).
- 67% of larger hospitality operators are unhappy with their current tech stack: insights unveiled in new research report from Vita Mojo
- Ghana launches USD 550 billion Energy Transition and Investment Plan for achieving net-zero emissions, creating 400,000 jobs by 2060
- World Investment Forum to incentivize global investment in sustainable development
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