The African Development Bank on Thursday said it would provide $25 billion over the next five years to help in the global fight against climate change.
Addressing at the One Planet Summit during the 4th session of the UN Environment Assembly, Mr Adesina said there was need to create home-made financing mechanisms to enable local communities cope with climate change. He said the funds should be directed toward renewable energy solutions to enable millions of people still unable to access electricity to be connected.He said that AfDB had created the Africa Financial Alliance for Climate Change, meant to pool financial resources towards investing on efforts to fight climate change.
According to the AfDB, the central bank owns some $1.2 trillion worth of reserves which can be redirected toward renewable energy financing initiatives to help fight climate change effects.
This 'climate change' is a heavy weight boxer. On a serious note. D major threat right now is 'plastics' very soon d world will be littered with plastic as old as 100yrs n going nowhere
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