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- For more than a decade, the African Development Bank Group's financial instruments have been responding to the needs of an African population exposed to climate risks, even though the continent is only a minor contributor to global warming
- A lush 50-hectare forest in the Democratic Republic of Congo as part of the Integrated REDD+ Project in the Mbuji-Mayi, Kananga and Kissangai Basins (PIREDD-MBKIS), financed by the African Development Bank through the Forest Investment Program (FIP)
- Funding from the African Development Fund's Climate Action Window will help build climate resilience in Sierra Leone, South Sudan, Djibouti and Madagascar
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African Development Bank Group (AfDB) |
On the road to 30th United Nations Climate Change Conference (COP30): the African Development Bank Group is piloting several financial instruments to support African countries in tackling climate change
The main priorities for this COP are to accelerate the energy transition, ensure a just transition for the most vulnerable nations, and, above all, mobilise large-scale climate finance for developing economies
Eight of the 10 countries most affected by climate change are in Africa: droughts, cyclones and floods are compromising agricultural production, exposing populations to food insecurity and climate-induced migration and putting pressure on key sectors critical to the continent’s development, resulting in a significant displacement of public expenditure. Despite a…
