background image

Biggest climate adaptation plan lays out Africa investment case

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the the full piece on Bloomberg or enjoy below

🗞️ Driving the news: The Africa Adaptation Acceleration Program (AAAP), the globe's leading climate resilience effort, has unveiled its initial country-specific investment blueprints (compacts)
• These plans aim to highlight potential adaptation investments and funding necessities, with the overarching goal of attracting more financial support

🔭 The context: Africa, despite contributing under 4% of worldwide greenhouse gas emissions, faces some of the severest repercussions of climate change
• To fortify its infrastructure against climatic impacts and secure its agriculture, the continent might require a staggering $100 billion annually, as per the Global Center on Adaptation

🌎 Why it matters for the planet: As regions like the Horn of Africa suffer unprecedented droughts and places from South Africa to Nigeria endure flooding, it's pivotal for African nations to possess tools that expedite adaptation
• The compacts introduced by AAAP, designed with specific national contexts, can be instrumental in this effort

⏭️ What's next: Seven countries, including Nigeria, Senegal, and Kenya, are the first to present their compacts and seek financial backing
• In the coming months, nations like Tanzania will commence discussions with potential financiers

💬 One quote: [The compacts] “are a vital country-led tool… droughts and floods are becoming more frequent and more intense," (Ban Ki-Moon, ex-UN Secretary-General)

📈 One stat: Kenya alone projects a need of $44 billion for adaptation strategies by 2030

Click for more news covering the latest on climate change

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)