Day: December 3, 2023

African Development Bank with other multinational development banks commits to boost collaboration on climate and development

Mr Mohammed

DUBAI, United Arab Emirates, December 3, 2023/ — Multilateral development banks attending the 2023 UN Climate Change Conference (COP 28) today affirmed their commitment to a concerted, global action, including increasing co-financing and private sector engagement to address climate change, felt acutely in Africa. Despite contributing the least to global warming and having the lowest emissions, Africa faces existential risks due to catastrophic impact of climate change. Perennial droughts in the Horn of Africa and recent devastating floods in Libya, Malawi, Mozambique, Zimbabwe and other parts of the continent have claimed thousands…

Conference of Parties (COP28): Global and African partners pledge $175m to the Alliance for Green Infrastructure in Africa (AGIA)

Mr Mohammed

DUBAI, United Arab Emirates, December 3, 2023/ — In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent. The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital. The Alliance is a partnership of the African…

Nigeria Launches Long Term Low Emission Development Strategy At COP28

Mr Mohammed

Nigeria has achieved what looks like another major milestone in her effort to achieve a net zero carbon economy by 2060 by launching its Long-Term Low Emission Development Strategy on Friday, December 1, 2023, at COP28 in Dubai, UAE. The event, which was graced by dignitaries and delegates from different countries around the world, was held at the African Pavilion in the Blue Zone and was moderated by Professor Chukwumerije Okereke, Director of the Centre for Climate Change and Development, AEFUNAI, and Dr Eugene Itua, Executive Director of the Natural…