COP27: The AfDB intends to amplify the voice of Africa

The United Nations Conference on Climate Change (COP27), is being held from November 6 to 18, 2022 in the Egyptian seaside resort of Sharm El Sheikh. The African Development Bank Group (AfDB) will join world leaders there to support Africa’s climate change concerns and priorities.

In a statement, the AfDB argues that COP27, dubbed the African COP, is an opportunity to highlight the needs, particularities and opportunities of the African continent.

To this end, it is specified, the President of the Bank, Akinwumi Adesina, will lead a delegation of senior officials and experts who will join the African Union Commission, the United Nations Economic Commission for Africa and the NEPAD Planning and Coordinating Agency as host of the Africa Pavilion at COP27.

This pavilion offers Africa a space for meeting and strategy to defend its positions and common interests at COP27.

According to the same source, the Bank will use its presence at the event to strengthen strategic partnerships in order to mobilize new financial resources and shape the global discourse of COP27 on key issues such as the just energy transition, energy-based solutions on environment, adaptation finance and loss and damage.

Delegates will highlight the Bank’s significant commitments to green growth in Africa, including commitments from the African Development Fund, its concessional lending window to low-income African countries, and reaffirm the Bank’s call for more concessional finance from the reallocation of International Monetary Fund (IMF) Special Drawing Rights (SDRs), to deliver faster, scaled-up green growth and sustainable development.

The Bank will also highlight, through a range of its high-return programs, Africa’s potential to drive down global emissions and develop sustainably: 65% of the world’s arable land still available , a young workforce, the $3.3 trillion market that the African Continental Free Trade Area represents, and abundant renewable energy (10 terawatts of solar, 350 gigawatts of hydro, 150 gigawatts of wind power and 15 gigawatts of geothermal energy).

COP27 will build on the outcomes of COP26 to take action on a range of issues critical to addressing the climate emergency, from urgently reducing greenhouse gas emissions , to build resilience and adapt to the unavoidable effects of climate change, or to meet commitments made to fund climate action in developing countries, the statement added.

About 90 heads of state are expected, including American presidents Joe Biden, Senegalese Macky Sall, also president of the African Union, as well as French president Emmanuel Macron.

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