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One Planet Summit: World Bank Commits $22.5 Bln To Climate Action In Africa

Unic Press UK: The World Bank Group says it would provide $22.5 billion to support climate adaptation and mitigation for five years – 2021 to 2025 – in Africa. A half of the sum would be deployed to support adaptation and resilience in Africa.

In a speech today in the capital city of Kenya, Nairobi, during the third edition of One Planet Summit convened by the Kenyan president Uhuru Kenyatta and French president Emmanuel Macron, Interim President of the World Bank Group Kristalina Georgieva, and Deputy Secretary-General of the United Nations Amina Mohammed, the Interim President of the World Bank Group said:

“People across Africa are already experiencing the growing impacts of climate change. This region is particularly vulnerable to increasing floods, droughts and destructive storms. “We have to do more and do it faster, or millions of people could be plunged into poverty. That’s why the World Bank is providing more money to build resilience and help communities cope with the effects of climate change in Africa.”

The World Bank believes that the money, which is part of its 2025 Targets to Step Up Climate Action, launched in December 2018 during the UN’s COP24 in Poland will help African countries to mitigate/manage “the risks of a changing climate while unlocking new investment opportunities.”

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