The African Development Bank (AfDB) has committed to delivering climate adaptation and early warning systems for all in Africa.

Development Diaries reports that the AfDB President, Akinwunmi Adesina, made this known at the United Nations Climate Ambition Summit on the theme, ‘Delivering Climate Justice: Accelerating Ambition and Implementation on Adaptation and Early Warning Systems for All’.

Adesina said the AfDB is fully supportive of the United Nations Secretary General’s early warning for all initiatives and the systematic observation financing facility.

Africa accounts for just three percent of total emissions globally and loses seven to U.S.$15 billion annually from climate change, an amount projected to U.S.$50 billion by 2030, according to data from the AfDB.

Unfortunately, the continent receives just three percent of total global climate finance and faces a climate finance gap of U.S.$213 billion through 2030.

Climate change is devastating the economies of Africa. Its impacts are already being felt and will increase in magnitude if action is not taken.

The AfDB boss said the bank is responding to climate financing challenges and it will provide U.S.$25 billion in climate finance by 2025.

‘The Clim Dev Africa Special Fund, hosted by the African Development Bank, has provided U.S.$74 million to support twelve countries and five regional climate centers that serve 27 countries’, Adesina said.

He noted that this fund is already addressing weaknesses in the diversity of climate and weather services and reducing loss and damage from extreme weather events.

Photo source: UN