The Global Adaptation Center says climate change will lead to extreme poverty for 120 million people by 2030, and a third of them will be African if nothing is done to mitigate its impact. The results are presented in the Center’s Africa report released on Tuesday.
Speaking in Nairobi for the release of a report on the current and future risks of climate change in Africa, the head of the Global Adaptation Center, Patrick Verkooyen, says the climate crisis could create millions of poor people on the continent.
“In fact, global climate change, if left unchecked, will push 122 million new people into extreme poverty by 2030, of which in sub-Saharan Africa alone, 43 million new poor people will face poverty due to climate change , and even if development is rapid. including up to 12 million people in Africa may be in poverty at this time just because of climate change, ”said Verkooyen.
The Netherlands-based organization working on solutions to adapt to climate change around the world said Africa’s failure to adapt to recurring climate shocks would also increase the cost of borrowing, reducing investment opportunities for its people.
According to the African Development Bank (AFDB), the continent needs $ 7-15 billion a year to create adaptation programs.
Akinwumi Adesina, president of the African Development Bank, says he is committing $ 25 billion to expand climate change adaptation and spur investment in green growth.
“We will expand access to climate-neutral digital technologies and associated agricultural and financial services based on data for at least 30 million farmers in Africa,” said Adesina. “Infrastructure, we will ensure that climate risk and resilience is integrated into at least 50 percent of the total cost of new infrastructure investments in Africa across all infrastructure sectors.”
AFDB said it will invest $ 8 billion in sustainable jobs for African youth and innovative finance initiatives that will help increase financial flows for adaptation and resilience.
Kenyan President Uhuru Kenyatta, speaking to the audience online, said his government is ready to cope with the adverse impacts of climate change.
“To realize our Nationally Determined Contributions, we plan to invest approximately $ 8 billion over the next ten years,” Kenyatta said. “This is only 10 percent of the total investment required for the NDC, and therefore we need support from our international partners.”
Verkooyen says that beyond efforts to limit global warming to 1.5 degrees, investments in communications, water and health can help Africa.
“A dollar invested in weather and climate information services yields between $ 4 and $ 25,” Verkooyen said. “A dollar invested in sustainable water and sanitation not only saves lives, it creates between $ 2 and $ 12 in benefits. African countries investing a dollar in sustainable crops can benefit from $ 2 to $ 14. Adaptation makes economic sense. “
Senior officials and heads of state from around the world are scheduled to meet in Glasgow, Scotland on Sunday at the COP26 Climate Summit to accelerate action to meet the 2019 Paris Agreement targets to curb global warming.