Finance
Africa Seeks $25 Billion for Climate Adaptation, Green Recovery
- Africa loses as much as $15 billion a year to climate change
- Climate shifts set to disproportionately affect Africa
Photographer: Tony Karumba/AFP/Getty Images
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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.