The African Development Bank (ADB) next week will aim to mobilize private and local finance for Africa to confront climate change and enable green growth, resources that are currently very small compared to those achieved in comparable regions.
According to ADB data, climate finance in Africa is largely dominated by non-private actors.
In documents leading up to this year’s annual meetings, the bank mentions that of the 29.5 billion dollars (about 27.33 billion euros) of climate finance on the continent in 2020, only 14% came from private actors, much less than elsewhere. comparable regions such as Latin America. Americas and the Caribbean (49%), East Asia and the Pacific (39%) and South Asia (37%).
Author: Portuguese
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.