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Africa Leads The World With a $4 trillion Investment in Combating Climate Change

Sep 10, 2019 05:59 PM
Africa Leads The World With a $4 trillion Investment in Combating Climate Change Africa Business Radio, Climate Change, Africa Business News, African Development Bank, Addis Ababa


NIGERIA and 52 other African countries have pledged to commit a total of $4trillion in investments by the year 2030 to fight the adverse economic impact of climate change in the African continent. Anthony Nyong, Director, Climate Change and Green Growth Department of the African Development Bank, disclosed this at the opening ceremony of the 8 Conference on Climate Change Development in Africa in Addis Ababa, Ethiopia. Nyong said that the prevalence of climate-related disasters is unrelenting adding that about 180 million people across the continent have been affected while a whopping $22 billion have been lost to the effect of climate change. The Chief of Staff, United Nation European Commission Africa, UNECA, while speaking said that the meeting will strengthen Africa’s position and participation in international climate change negotiations.

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