Africa’s voices have once again been heard as leaders and heads of international organisations pledged the sum of $18.84 billion to support the Africa Adaptation Acceleration Program (AAAP) at the COP27 Climate Change Conference in Egypt.
The Africa Development Bank (AfDB) pledged $12.5 million, UK $230 million, the Netherlands $110 million, Germany to increase contribution to $6 billion by 2025.
The AAAP is an Africa-led response initiative seeking to reduce climate change vulnerabilities through effective adaptation.
Also, supporting interventions in food security, resilient infrastructure, youth entrepreneurship and job creation and innovative climate adaptation finance in the continent.
The UK pledged £200 million (about $230 million) and is to triple its overall climate adaptation funding from £500 million to £1.5 billion by 2025.
The $18.84 billion is a short fall of the $33 billion annually needed for the adaptation program, according to report by Africa Renewal.
However, president of the AfDB, Mr Akinwunmi Adesina in his speech during the event called on Africa’s partners to assist with the remainder of $12.5 billion.
He urged world leaders to start matching words with action saying: “Africa is under siege; Africa cannot keep quiet. We are seeking a partnership.
“World leaders need to hear our voices. Megawatts of words must translate into megawatts of financing for Africa.”
Assisting Africa to boost adaptation is a “moral imperative,” Mr. Adesina maintained.
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