Connect with us

Hi, what are you looking for?

News

UK Commits New Funding Support to African-led Projects to Protect Vulnerable Communities at the Frontline of Climate Change

The United Kingdom on Tuesday announced new funding to support African governments to roll-out critical adaptation projects so at-risk communities can adapt to the impact of extreme weather and changing climates.

COP26 President Alok Sharma announced the new UK support for the Africa Adaptation Acceleration Program (AAAP) – an initiative endorsed by African Union leaders and led by the African Development Bank, Global Centre on Adaptation and the Africa Adaptation Initiative, to back African-led plans to accelerate resilience-building across Africa.

Yesterday’s announcements came on the second day of COP26, the two-week UN Climate Change Conference, where world leaders are meeting with the aim to agree how to tackle the urgent threat of global climate change.

UK Prime Minister Boris Johnson also announced the UK is offering an ambitious new guarantee mechanism – the ‘Room to Run’ guarantee – to the African Development Bank (AfDB). This is expected to unlock up to £1.45 billion ($2 billion) worth of new financing for projects across the continent, half of which will help countries adapt to the impacts of climate change.

UK Foreign Secretary Liz Truss said: “More finance for African nations to develop and adapt to climate change is important as these countries find themselves on the frontline of impacts. It is a huge investment opportunity.

“By combining our cash with other donors and businesses, and working with partners such as the African Development Bank to direct funding into green projects, today we are delivering on our commitment to African-led climate adaptation.”

Vicky Ford, UK Minister for Africa, said:“For communities across Africa, the impact of climate change is being felt right now. From cyclones in Southern Africa to locusts in East Africa, changing weather patterns are already having catastrophic impacts for communities living across the continent, impacting lives and jobs. This is despite African nations being responsible for just 2-3% of global emissions.

“New support announced today will enable African countries to adapt to a changing climate and build resilience to the impacts of climate change. This is essential if communities and countries are to thrive in an uncertain future.”

The UK is a long-standing supporter of Africa’s adaptation to climate change, with around half of the UK’s £2.7 billion ($3.7 billion) adaptation budget between 2016 and 2020 spent in Africa.

Speaking also, Ben Llewellyn-Jones, UK’S Deputy High Commissioner in Lagos, said: “Africa is already bearing the brunt of climate impacts as a consequence of dangerous climate chance. The need to scale up adaptation finance to protect the people and economies from the impact of climate change is clear.

“Climate action, building resilience and sustainable development are inextricably linked. Working with key partners such as the African Development Bank and others, this new suite of programmes will support African countries, including Nigeria, to adapt to the effects of climate change.”

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

Tech

Organizers of Africa Tech Alliance Forum [AfriTECH 4.0] have announced the distinguished lineup of speakers for this year’s Forum themed: “Leapfrogging Digital Transformation for...

Tech

MTN Nigeria, in partnership with the Nigeria Conservation Foundation (NCF), has announced the top 10 finalists and the distinguished panel of judges for the...

Tech

Starlink, a global leader in satellite internet technology, has issued a caution to customers, advising against purchasing from unauthorized grey market products. Each Starlink...

Politics

House of Representatives has passed a resolution urging the Independent National Electoral Commission (INEC) to move its local government offices to “secure and neutral”...