Climate Watch: Akinwumi Adesina advocates increased private sector investment in Africa’s climate finance | TheCable

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Despite directly impacting our communities, health, and livelihood, climate-related reports usually take a back seat to dominant news beats like politics and business. Climate Watch aims to ensure you never

Here is a round-up of last week’s climate stories:Last week at the African Development Bank Group annual meeting held in Egypt, Akinwumi Adesina, the bank’s president, said Africa was in dire need of adequate financing to tackle the effects of climate change. Adesina said the continent would need $2.7 trillion to finance adaptation to climate change by 2030. He also said Africa’s climate finance from the private sector would need to increase by 36 percent yearly.

aid there was a need to adopt smart policies to enrich biodiversity, protect the ecosystem, as well as strengthen the fight against negative climate change impacts. Read moreAlso, the house of representatives, on May 25, asked the federal government to implement the carbon credit scheme to mitigate the negative effects of climate change in the country. Sam Onuigbo, a lawmaker who moved the motion, said the industrial sector contributes highly to the emissions of greenhouse gases in the country.

 

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