Africa has been hit disproportionately hard by the fallout from climate change, which has aggravated droughts, flooding and cyclones across the continent in recent years.
African nations received around $18.3 billion in climate finance between 2016 and 2019, Kevin Urama, the AfDB's acting chief economist, said in a statement released on Tuesday.But they are staring down a nearly $1.3 trillion climate finance gap for the 2020 to 2030 period. "These sums reflect how the crisis is," Urama said. "Investing in climate adaptation in the context of sustainable development is the best way to cope with the climate change impacts."
Rich nations promised in 2009 to deliver $100 billion in climate financing to the developing world. But that pledge has only ever been partially met and is due to expire in 2025. African ministers meeting in Cairo last week ahead of November's COP27 climate summit decried the lack of support which they said had resulted in the continent benefiting from less than 5.5% of global climate financing.Reporting by Joe Bavier, editing by Ed Osmond
but they have money for military? Africa is failing due to corrupt officials. seen videos of countries turning the tide on desert. It can be done if corrupt officials would just spend the money on the people.
Climate change of the Sahara region has plenty of its own natural cycle history. The problem isn't climate change. The real problem is the inability of inhabitants of the continent to properly adapt economically, whether from their own mismanagement or from foreign intervention
Yeah, right. If Africa's losing 15%, then how much are the US & Europe losing? Stop feigning concern about Africa. They don't need and have never needed the West's interference that's disguised as help.
The money revolution has brought despair to Nigeria and west Africa. Russia continues to exploit and you helped.
Really 🤣😅😂
🤣 whatever