According to the United Nations Economic Commission for Africa, in spite of the
fact that Africa contributes about four percent of the global greenhouse-gas
emissions, more than 65 percent of Africa’s population is directly impacted by
climate change,
The World Bank said it would spend $22.5bn over five years from 2021, to help
Africa tackle the dangers posed by climate change.
The report by Nigeria’s Punch newspaper on Friday said that the Interim
President, World Bank, Kristalina Georgieva, told the BBC Africa TV’s Money
Daily programme that Africa remained vulnerable to the effects of climate
change through prolonged drought, floods and destructive storms.
“Unless we make Africa more resilient, we will see by 2030, 100 million people
more falling into poverty rather than being pulled out of poverty,” she said.
The report added that Georgieva stated that the World Bank had also stepped up
its efforts to mobilise investments in renewable energy such as solar, which
contributes just 1.5 percent of the continent’s electricity needs.
The AfDB also said that it would double its climate finance commitments for the
Period 2020 to 2025.