Biggest Climate Adaptation Plan Lays Out Africa Investment Case
- The $25 billion program sets out country-specific needs
- Nigeria needs $12 billion in adaptation finance annually
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The Africa Adaptation Acceleration Program, the world’s biggest climate resilience initiative, introduced its first country-specific investment plans in a bid to woo additional finance.
The so-called climate adaptation country compacts are meant to outline adaptation investment opportunities, financing needs and fund mobilization plans, the $25 billion initiative said in a statement late Tuesday. The AAAP is run by the Rotterdam-based Global Center on Adaptation and the Abidjan-based African Development Bank.