Private investment opportunities to support climate change adaptation against floods and droughts in Africa could reach a total of $100 billion by 2040, according to a new IFC study.
By Eng. R. Bravo Katungi
African nations on Tuesday marked a special day on the sidelines of the 27th United Nations Climate Conference (COP27) in Egypt, with a common resolve to mobilize internal and external resources to tackle climate change.
Ahead of the 2022 United Nations Climate Change Conference, COP27, in Egypt in November, the African Development Bank and the Global Center on Adaptation participated in a series of events at the Africa Climate Week to build consensus among African countries and stakeholders.
Africa has been losing from 5 to 15% of its GDP per capita growth because of climate change and its related impacts, but needs about $1.6 trillion between 2022 and 2030 to meet its nationally determination contributions, says African Development Bank Group Acting Chief Economist and Vice Presiden
President Yoweri Museveni has said Uganda is committed to ensuring sustainable use of the environment and the natural resources saying these are at the core of sustainable development and critical for social economic development and transformation, healthy ecosystems and human survival.
The Agriculture Business Initiative has announced the roll-out of the Green Challenge Fund to support SMEs and farmers to increase their resilience to climate change.
By Pius Wamala
Speaker Rebecca Kadaga has called on the youth in Uganda to create legacies in climate change by planting trees when they make any achievements in a bid to improve the country's forest cover.