‘Africa needs US$2,7 trillion to upscale climate adaptations’

THE president of the African Development Bank Group (AfDB), Akinwumi Adesina, has hinted that Africa will need US$2,7 trillion to upscale climate change adaptation by 2030.

Mr Adesina made this known on Monday at the AfDB annual meeting themed: “Mobilising private sector financing for climate and green growth in Africa”, held in Sharm El Sheikh, Egypt.

“Africa is being short-changed by climate finance. Africa is choking. Africa will need US$2,7 trillion by 2030 to finance its climate change needs,” Adesina said.

He said Africa, which is the world’s lowest emitter of greenhouse gases is “choking” and in dire need of adequate financing to tackle the effects of climate change.