Climate love

Ann Nyambura

3 w

African Development Bank Group

Climate love

The African Development Fund's new Climate Action Window, for strengthening Africa's climate resilience

Africa, which suffers the most from the effects of climate change – while polluting the least, accounting for just 2.8% of world greenhouse gas emissions – is the continent that receives the least climate finance: less than 3% of total global climate finance.
In response to this urgent need to boost climate finance flow to support Africa's development and promote a resilient and low-carbon development pathway, the African Development Fund and its partners have committed a total package of $ 8.9 billion to its 2023 to 2025 financing cycle. Of this package, which represents a 14.24% increase over the previous replenishment of $7.4 billion, $429 million is earmarked as seed money for the new Climate Action Window to reach up to $13 billion from traditional and non-traditional partners, as well as state and non-state, including the private sector.
African low-income countries are the most vulnerable and least prepared to tackle climate change, the new funds would support the development of sustainable, climate-resilient and quality infrastructure.

The African Development Fund's new Climate Action Window, a pivotal instrument for strengthening Africa's climate resilience

In December 2022, in Tangier, Morocco, on the occasion of the 16th replenishment of the African Development Fund (ADF), the African Development Bank and its development partners created a Climate Acti

https://www.afdb.org/en/news-and-events/african-development-funds-new-climate-action-window-pivotal-instrument-strengthening-africas-climate-resilience-60623




Do you agree?

38 more agrees trigger social media ads

  • Tabitha Kimani

    3 w

    Funding to enable take the right actions is very important.

    • Gorffly mokua

      3 w

      This gives hope in Africa.

      11
      • George Kariuki

        3 w

        This is a positive step towards addressing the climate crisis in Africa.

        17
        Welcome, let's solve the climate crisis together
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