Africa

Climate change could cost Africa billions by 2030

today2 May, 2024

Background

Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, African Development Bank President Akinwumi Adesina tells the Zero podcast, that number could reach $50 billion by 2030. That’s why Adesina is focusing the bank’s efforts on financing climate adaptation, which he describes as the “forgotten cousin” of climate mitigation.

Written by: Tonata Kadhila

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