November 21, 2024
550px-Africa_(orthographic_projection).svg

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, revealed that Africa is losing between $7 billion and $15 billion each year to the impacts of climate change.

Dr. Adesina shared this alarming statistic during a media conference in Nairobi, held on the sidelines of the ongoing AfDB Annual Meetings 2024. These meetings mark the 60th anniversary and 59th Annual Assembly of the AfDB, as well as the 50th meeting of the African Development Fund (ADF).

Adesina highlighted the disproportionate burden Africa bears despite its minimal contribution to global emissions. The continent, which accounts for only 3-4% of global emissions, is suffering severe consequences from climate change.

“If immediate action is not taken, Africa’s annual losses to climate change could escalate to $40 billion by 2030,” Adesina warned. “We are losing much of our potential for something we did not cause.”

He emphasized that the continent’s struggle is evident from extreme weather events, such as Malawi’s worst drought in memory, Zimbabwe’s national emergency due to severe drought, and devastating floods in Mozambique.

Adesina called for urgent global financial support to enhance Africa’s resilience and facilitate adaptation measures. “Africa’s economic future depends on building resilience to these shocks because climate change is devastating the whole continent,” he stated.

532 thoughts on “Africa Loses $7bn to $15bn Annually Due to Climate Change, Says AfDB President Adesina”

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News

Troops

Nigerian  Army 6 Brigade troops arrests  two, recover  AK 47 riffles from kidnappers in Taraba State

November 20, 2024 10
IMG-20241119-WA0001

Ag.COAS assures on Army personnel  welfare, protection of Nigeria and citizens as top priority.

November 20, 2024 3