COP28 Adaptation Finance Summit for Africa
In a recent report from the Global Center on Adaptation Accelerating Adaptation Finance – Africa and Global Perspectives it is estimated that African countries face an annual financing gap of US$100 billion dollars per year for adaptation.
- In a recent report from the Global Center on Adaptation Accelerating Adaptation Finance – Africa and Global Perspectives it is estimated that African countries face an annual financing gap of US$100 billion dollars per year for adaptation.
- During the Adaptation Finance Summit for Africa:
African countries will outline how they intend to invest and scale up adaptation to supercharge the continent’s growth and create new jobs underpinned by the International Monetary Fund’s Resilience and Sustainability Trust and AAAP Climate Adaptation Country Compacts. - New financial commitments for the US$25 billion Africa Adaptation Acceleration Program (AAAP), the world’s largest adaptation initiative led by the African Development Bank (AfDB), the African Union Commission, and the Global Center on Adaptation will be announced.
- The Adaptation Finance Ministerial for Africa at the 2024 African Development Bank Annual Meetings will be launched.