Brainstorming the African Financial Alliance for Climate Change.
Africa needs $2.7 trillion for climate change mitigation and $488 billion for adaptation by 2030 according to the African Development Bank.
While the global community must fulfil its pledge to provide financing to manage the impacts of climate change, Africans need to also raise their own resources and invest. According to the New Climate Economy group, you can have better growth and better climate and create jobs.
The Afdb is focused on creating an alliance of African financial institutions to leverage the $380 billion in pension fund resources, leverage private equity, sovereign wealth funds, insurance, and banking to provide green finance on the continent.
In Busan, Korea with Howard Bamsey CEO Green Climate Fund, President Adesina Afdb, Naoko Ishii, CEO Global Environmental Facility, Alain Ebobisse CEO of Africa50, Oscar Onyema CEO Nigerian Stock Exchange, Amadou Hott, Dolika Banda, Minister Adriano Maleiane of Mozambique, among others.
Comments
Post a Comment