Fewer than one in five companies (18%) are currently on track to reach net zero emissions in their operations by 2050, and over a third (38%) say they cannot make further investments in decarbonization in the current economic environment, according to new research from Accenture.
By Dennis Katungi
African Development Bank President Akinwumi Adesina announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation.
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.