May 24

African Development Bank Commits to $25 Billion Funding for Africa’s Climate Adaptation

By Geoff Iyatse

Ahead of its 2022 Annual General Meeting (AGM) starting at the Accra International Conference Centre, Ghana, today, the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, said the Bank is committed to mobilising $25 billion in funding to help African countries adapt to climate change.

The bank, at unveiling of programmes of the AGM, which focus on ‘Achieving Climate Resilience and a Just Energy Transition for Africa’, described climate change as a make-or-mar moment for the continent, saying adaptation is the operating word.

Tweeting on its scorecard, yesterday, Adesina said the regional bank was negotiating global partnerships to help African countries adapt to the vagaries of climate change.

Photo courtesy of andreas160578.

Source: The Guardian Nigeria (link opens in a new window)

climate change, partnerships, renewable energy