Kenya-Africa-Climate change

World Bank to scale up climate action in Africa

APA-Nairobi(Kenya)

The World Bank on Thursday made several announcements to scale up support for both climate adaptation and mitigation in Africa during the third One Planet Summit.

The summit is being convened by President Uhuru Kenyatta of Kenya, President Emmanuel Macron of France, Interim President of the World Bank Group, Kristalina Georgieva, and Deputy Secretary-General of the United Nations, Amina Mohammed. 

The World Bank said that its stepping up its climate support for Africa, and will provide $22.5 billion for Africa for climate adaptation and mitigation for the five years from 2021-2025.

The funds will also help African countries manage the risks of a changing climate while unlocking new investment opportunities.

The World Bank disclosed it will provide the government of Ethiopia with a results-based support program for adaptation and resilience, the largest done by the World Bank ever in Africa.

The new operation, which is currently under preparation, will provide $500 million for results in improved watershed management and land administration systems.

“People across Africa are already experiencing the growing impacts of climate change. This region is particularly vulnerable to increasing floods, droughts and destructive storms,” said Interim President of the World Bank Group, Kristalina Georgieva.

In addition, the World Bank, will carry out intensive Nationally Determined Contributions (NDC) engagements with Rwanda and Kenya, under the framework of the NDC Partnership, and with generous support from Germany’s BMZ.

The engagements will help accelerate the implementation of, and raise the level of ambition for, their NDCs by supporting systematic mainstreaming and institutionalization of climate adaptation and mitigation across and within key development sectors and governance levels.


JK/abj/APA

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