African Development Bank Chief Pledges Full Support to the UN Sg's Agenda to Deliver Climate Adaptation and Early Warning Systems for All

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Press Release - The African Development Bank President, Dr Akinwumi Adesina, has pledged his institution's full support to the United Nations Secretary General's Early Warning for All initiative and the Systematic Observations' Financing Facility. The Bank is the implementing entity for the Facility in Africa.

The African Development Bank President, Dr Akinwumi Adesina, has pledged his institution's full support to the United Nations Secretary General's Early Warning for All initiative and the Systematic Observations' Financing Facility. The Bank is the implementing entity for the Facility in Africa.

The African Development Bank chief emphasised that despite its relatively minuscule level of total emissions globally, Africa receives a mere 3% of total global climate finance. He said the continent was facing a climate finance gap of $213 billion through 2030. First, the Bank Group is mobilising $25 billion in climate adaptation for Africa through the Africa Adaptation Acceleration Programme. This is a joint initiative with the Global Center on Adaptation. To expand Africa's access to financing for climate adaptation, the Bank is supporting countries to develop climate adaptation investment compacts.

 

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