Statement by Dr. Akinwumi Adesina - Climate Adaptation Summit 2021
Africa Wellness

Statement by Dr. Akinwumi Adesina – Climate Adaptation Summit 2021

Godfrey IvudriaComment(0)

Your Excellencies, as we gather here today for the Climate Adaptation Summit, I commend the visionary leadership of Prime Minister Mark Rutte of The Netherlands and the former United Nations Secretary-General, Ban Ki-Moon for organizing this Summit.

Climate change is changing hopes and livelihoods, dramatically.

Africa’s growth is being compromised by climate change.

The sight of locust swarms devastating thousands of hectares of cropland in east Africa was shocking.

Perennial droughts and encroaching deserts lay bare the vulnerability of the Sahel of Africa, scotching lives into misery and driving migration.

Yes, we all see these things. Now — we must feel. Now — we must act. Now — we must deliver on accelerated climate adaptation for Africa.

The African Development Bank is at the forefront of climate finance for Africa.

  • The Bank has quadrupled its financing for the climate to reach $ 25 billion by 2025.
  • We increased the percentage of our climate financing devoted to climate adaptation from 26% in 2016 to 55% in 2019.
  • We launched the Desert to Power initiative — a $20 billion initiative -to build the world’s largest solar zone in the Sahel.
  • At the One Planet Summit with President Macron, I announced that the African Development Bank will mobilize $ 6.5 billion in support of the Great Green Wall of the Sahel.
  • The former UN Secretary-General Ban Ki-Moon and I have jointly established the Global Center for Adaptation in Africa (CGA-Africa), based at the Bank.
  • The African Development Bank and GCA-Africa have launched the ‘Africa Adaptation Acceleration Program’ to mobilize $25 billion to scale up transformative actions on climate adaptation. The program needs your strong support.
  • It is time for developed countries to meet the $100 billion per year in climate finance promised to developing countries.

Kofi Annan, the late former United Nations Secretary-General, once told me “The only promises that matter, are the promises kept”.

So, let us turn words into action, hope into reality, and promises into financing for Africa.

Together we adapt, together we prosper!

Thank you very much.

Godfrey Ivudria
http://www.busiweek.com

Related Articles

DP World Ltd.’s parent company Port and Free Zone World has offered to acquire the 19.55 per cent of the port operator’s shares traded on Nasdaq Dubai, returning the company to private ownership.
Africa Industry Maritime

DP World set to go into private ownership

EABW Editor

DP World Ltd.’s parent company Port and Free Zone World has offered to acquire the 19.55 per cent of the port operator’s shares traded on Nasdaq Dubai, returning the company to private ownership. DP World stated the disadvantages of staying listed on the stock exchange outweigh the benefits. The move will enable DP World to […]

Economic Activity Up But No New Jobs Created
Africa Opportunities

Economic Activity Up But No New Jobs Created

Godfrey Ivudria

Kampala – November 03, 2021: Uganda’s private sector recorded a third successive monthly increase in business activity during October thanks to a return to normal operating conditions and an increase in new orders, but companies were not hiring more workers during this period. The headline Stanbic Purchasing Managers’ Index (PMI) rose to 54.6 in October […]

Businesses Must Strive to Comply
Africa Opinions

Businesses Must Strive to Comply

Godfrey Ivudria

Rhonah Nuwakunda,  In most markets across the world now, regulatory compliance has become a major aspect of every business entity that intends to effectively and successfully operate over time. There is more vigilance both on the part of regulators and the entities they regulate. Most regulators have established laws and policies that place a higher […]