President William Ruto on Tuesday suggested that African countries should introduce a carbon tax. Ruto said that carbon tax is the only way the countries can raise adequate resources. https://bit.ly/44IDsrQ
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00:00 to be able to unlock the resources that we need to be able to drive this new investment
00:09 and financing opportunities, especially for green energy.
00:13 We believe it is time to have a conversation about carbon tax.
00:21 I said we need to have a conversation about carbon tax.
00:27 And I mean we need to have a conversation about carbon tax.
00:31 Yes.
00:33 We believe it is the only way, it is among the ways that we can raise additional and
00:39 adequate resources for us to finance our development.
00:52 And while we are thinking about financing, for us in Africa, three things are very important.
00:59 As they say in Kenya, "Mambo ni matato."
01:04 Number one, speed.
01:08 It takes inordinate to access any meaningful resources.
01:11 Number two, it requires skill, because we've all agreed that enormous resources are required.
01:22 And number three, affordability, so that we all pay the same.
01:33 And that is why this event is both Africa's climate summit and a global pre-COP28 convention.
01:44 Africa is meeting, and Africans are talking.
01:48 The world is listening.
01:50 We must use this opportunity to lead the world in a new direction towards a future that holds
01:56 immense promise for both Africa and the entire world.
02:00 Thank you.
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