AFRICA: AfDB to mobilize US$25 billion for climate change adaptation
The African Development Bank (AfDB) announces the launch of a programme to mobilize USD 25 billion to accelerate climate change adaptation measures across the African continent. The AfDB is implementing this programme in partnership with the Global Centre for Adaptation (GCA) which has just opened an office in Abidjan, Côte d'Ivoire.
The African Development Bank (AfDB) Group’s new African Adaptation Acceleration Program (AAP) was announced at the 2021 Climate Change Adaptation Summit (CAS) held online on Monday, 25 January 2021, at the initiative of the Dutch government and the Global Centre for Adaptation (GCA) which has just opened its African headquarters in Abidjan, Ivory Coast.
The centre will implement the PAAA, jointly with the AfDB. The programme aims to mobilise US$25 billion to scale up and accelerate action on climate change adaptation across the African continent. The programme will be implemented in several phases, including a section devoted to youth. “Our Youth Adaptation Flagship Programme will provide $3 billion to support 10,000 youth-led small and medium enterprises (SMEs) in the area of climate resilience. The programme is also designed to build the capacity of one million young people in climate adaptation,” says AfDB President Akinwunmi Adesina.
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