African Development Bank (www.AfDB.org) President Dr. Akinwumi A. Adesina on Thursday joined 40 heads of state and government at the Leaders Summit on Climate, where the United States, Japan and Canada announced ambitious climate targets to address the escalating emergency.
United States President Joe Biden said the US would aim to cut carbon emissions by 50% to 52% from 2005 levels by 2030. Japanese Prime Minister Yoshihide Suga and Canadian Prime Minster Justin Trudeau upgraded their nations’ targets to more than 40% over the same period.
The United States is hosting the two-day virtual summit. It coincided with Earth Day on Thursday and gave a platform to a diverse range of voices, particularly those from developing countries that have been directly affected by climate-linked disasters and the Covid-19 pandemic.
Leaders Summit on Climate: African Development Bank President says the continent is “ground zero” of the crisis as major economies boost climate targets
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African Development Bank President Dr. Akinwumi A. Adesina on Thursday joined 40 heads of state and government at the Leaders Summit on Climate, where the United States, Japan and Canada announced ambitious climate targets to address the escalating emergency.
United States President Joe Biden said the US would aim to cut carbon emissions by 50% to 52% from 2005 levels by 2030. Japanese Prime Minister Yoshihide Suga and Canadian Prime Minster Justin Trudeau upgraded their nations’ targets to more than 40% over the same period.
But with the coronavirus pandemic hitting economies and development budgets around the world, raising money for climate action has become harder over the last year, even as climate change-related risks surge, African leaders admitted. We are soon going to need at least this much ($25 billion) every year if we do not effectively mitigate and reverse climate change, warned Gabon s President Ali Bongo. Every day the thunderstorms seem more violent. Flooding is more frequent and droughts are more severe, he said. Crops are failing. People are being forced to flee their homes (and) becoming climate refugees.
Niger s President Mohamed Bazoum said the economic downturn triggered by COVID-19 had destroyed jobs on a continent already struggling with legions of unemployed youth, pushing them into the arms of organized crime and terrorists.
African presidents & global leaders support action on climate change adaptation for Africa
More than 30 heads of state and global leaders have expressed support for the
Africa Adaptation Acceleration Program in a virtual Leaders’ Dialogue. The dialogue was convened by the AfDB, the Global Center on Adaptation and the Africa Adaptation Initiative.
The program’s objective is to mobilize Ksh. 2.73 trillion ($25 billion) to accelerate climate change adaptation actions across Africa. The heads of state and global leaders have committed to prioritize actions that help African countries adapt to the impacts of climate change and
build forward better.
Africa currently faces the dual onslaught of climate change, estimated at between Ksh. 770 billion ($7 billion) and Ksh. 1.64 trillion ($15 billion) each year. The continuing COVID-19 pandemic also continues to claim lives on a daily basis across Africa. The African Development Bank (AfDB) predicts that the impact of climate change o
Africa Seeks $25 Billion for Climate Adaptation, Green Recovery
Apr 10 2021, 1:30 AM
April 09 2021, 6:09 PM
April 10 2021, 1:30 AM
(Bloomberg) African nations aim to double funding for climate change adaptation projects to $25 billion over five years as they look to foster a green recovery from the economic damage wrought by the coronavirus pandemic.
(Bloomberg) African nations aim to double funding for climate change adaptation projects to $25 billion over five years as they look to foster a green recovery from the economic damage wrought by the coronavirus pandemic.
The continent most vulnerable to environmental shifts has already secured $12.5 billion from the African Development Bank for a newly launched Africa Adaptation Acceleration Program and expects to secure the balance at the next two United Nations Climate Change Conferences, Patrick Verkooijen, chief executive officer of the Global Center on Adaptation, said in an interview.