Browsing: Impact of Climate Change in Africa

• With the risk of up to 118 million people being exposed to extreme weather by 2030, Africa is in a race against time to adapt fast.
• African countries are already losing between 2% to 5% of their GDP annually due to climate-related hazards, such as droughts, floods, and heatwaves.
• The cost of adaptation in sub-Saharan Africa alone is estimated at $30Bn to $50Bn annually over the next decade, representing 2% to 3% of regional GDP.

Africa, a continent rich in biodiversity and natural resources, faces some of the most severe impacts of extreme weather, making climate adaptation very critical. The increasing frequency and intensity of climate-related disasters such as droughts, floods, heatwaves, and cyclones are wreaking havoc on African economies and societies.

The State of the Climate in Africa 2023 Report by the World Meteorological Organization (WMO), highlights that climate extremes disproportionately affect African nations. Increasingly, …

• Ahead of COP29, Africa’s climate finance strategy is based in three core pillars: scaling up adaptation funding, boosting mitigation efforts, and improving access to carbon markets.
• Without financial support, Africa could experience an annual loss of 5% of its GDP by 2040 due to adverse weather.
• While the stakes are high, populations across the continent will be watching to see how global powers will answer Africa’s plea.

As leaders from across the world ready to gather in Baku, Azerbaijan, for the 29th United Nations Climate Change Conference (COP29), Africa is rallying for a spirited push to secure climate finance deals at scale.

This agenda was unveiled at the 12th Conference on Climate Change and Development in Africa, hosted by Ivory Coast in Abidjan. This meeting was held on the sidelines of the 1oth Special Session of the African Ministerial Conference on the Environment (AMCEN).

Bringing together stakeholders such as …

• Africa stands to lose up to $25 billion annually due to the direct impact of the EU Carbon Border Tax Adjustment Mechanism.
• With Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, the implication is that Africa will be forced to export raw commodities again into Europe.
• New carbon tax could severely impede Africa’s progress by penalizing value-added exports in industries such as steel, cement, iron, aluminum, and fertilizers.

In a stark warning, African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, has raised concerns about the potential ramifications of the new EU carbon border tax on Africa’s trade and industrialization efforts.

Dr Adesina says that this tax could severely impede Africa’s progress by penalizing value-added exports, specifically targeting crucial industries such as steel, cement, iron, aluminum, and fertilizers.

The imposition of carbon tax would have a profound impact on the continent’s ability to compete in the global …

• The Africa Climate Summit 2023 seeks to foster collaborative efforts in addressing the pressing climate crisis.
• Ahead of the summit, President William Ruto calls on the global north to live up to the climate action commitments.
• African government leaders are poised to commit to a Nairobi Declaration at the end of the meeting.

In a historic gathering of minds, an estimated 15,000 individuals, spanning government leaders, policymakers, civil society, the private sector, multilateral institutions, and youth from approximately 80 countries, have converged in Nairobi, Kenya, for the first-ever Africa Climate Summit.

The event has garnered attention from across the globe. Over 30 Heads of State have confirmed their attendance. Also attending will be the US Special Presidential Envoy for Climate John Kerry.

Africa Climate Summit 2023

The primary aim of the Africa Climate Summit 2023 is to foster collaborative efforts in addressing the pressing climate crisis. Earlier Mr. Kerry expressed …