Public Management

African Institutions Converge in Abidjan to Shape Climate Agenda for COP29

African Institutions Converge in Abidjan to Shape Climate Agenda for COP29
Tuesday, 03 September 2024 13:45

The African Development Bank, the African Union Commission (AUC), the United Nations Economic Commission for Africa (ECA), and the Pan African Climate Justice Alliance (PACJA), brought together key stakeholders in Abidjan to align Africa’s climate action priorities ahead of the COP29 conference.

The meeting, the Twelfth Conference on Climate Change and Development in Africa, opened on 30 August on the sidelines of the Tenth Special Session of the African Ministerial Conference on the Environment (AMCEN).

Cote d’Ivoire’s Minister for Environment, Sustainable Development, and Ecological Transition welcomed participants. In his opening remarks, he stressed the disproportionate impact of climate change on Africa despite its minimal contribution to global emissions.

Africa emits less than 4 percent of total global greenhouse gas emissions, yet it is the most affected by the harmful consequences of climate change,” the minister noted. He urged participants to develop concrete outcomes during the conference, which should serve as a platform for actionable recommendations to strengthen Africa's participation in upcoming international negotiations including COP29.

Ambassador Josefa Sacko, AUC Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable Environment made opening remarks. She said, "Without urgent adaptation and mitigation efforts, climate change will lead to an equivalent of 5 percent annual loss in GDP on the continent by 2040, with the poor, women, and the most vulnerable and marginalised populations, predominantly in Africa, bearing the brunt of the impacts."

She urged participants to join forces ahead of COP29, with an emphasis on mobilising climate finance at scale for the continent. "We must anchor our negotiations, deliberations, and common position on securing grants rather than debt or loans, scaling finance for projects, and enhancing carbon markets," Sacko added.

Prof. Anthony Nyong, African Development Bank Director for Climate Change and Green Growth, called on meeting participants to do more. “We need to continuously increase our support and financing for Africa to address the growing impacts of climate change on national economies, societies, and ecosystems,” he said.

Nyong said that Africa faces a significant climate financing gap. “The current global climate finance falls far short of African countries' needs and expectations, with less than 3 percent reaching sub-Saharan Africa annually.” He reaffirmed the African Development Bank’s commitment to doubling climate finance to reach $25 billion by next year and increasing Africa’s share of global climate finance from 3 percent to 10 percent.

The Twelfth Conference on Climate Change and Development in Africa is expected to build consensus around African countries’ position on climate action and align priorities with the outcomes of the 2023 global stocktake, a key process under the Paris Agreement that assesses global progress on climate goals to guide future actions and policies. Key objectives include developing robust frameworks for nationally determined contributions (NDCs) and identifying financing needs for climate adaptation and resilience-building.

The Tenth Special Session of AMCEN and UNCCD COP 16 Regional Consultation will be held in Abidjan, Côte d'Ivoire, from 30 August to 6 September 2024, under the theme Raising Africa’s Ambition to Reduce Land Degradation, Desertification, and Drought.

Contact: Sonia Borrini, Communication and Knowledge Management Specialist, Climate Change and Green Growth Department, African Development Bank, s.borrini@afdb.org

2365 BAD copy

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 million in transactions by end-2025. The fintech...
• Kenya and ASR sign deal to reduce risk on projects worth up to $2 billion.• Risk cover will target infrastructure, energy, logistics, and trade...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
03

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
04

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
05

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.