Skip to main content

AfDB Advocates Gradual Transition to Green Growth



 “Africa needs to change its development trajectory in order in order to win its fight against both poverty and climate change,” said the African Development Bank (AfDB) Vice President Aly Abou-Sabaa at the opening session of the Third Annual “Conference on Climate Change and Development in Africa” (CCDA-III) that took place from 21-23 October 2013 in Addis Ababa, Ethiopia.

Addressing some 500 participants including government officials, policymakers, academia, scientists,  researchers, civil society groups, the media and farmers,  Abou-Sabaa declared that the African Development Bank remains fully committed to supporting projects and strategic partnerships to achieve climate resilience on the continent. “Africa has the opportunity to leapfrog rather than re-invent,” he said.

In order to address the various challenges it is facing (energy needs of a growing population, greenhouse gas reduction agenda, growing cities and the need for adequate and sustainable urban services like water, housing, waste management, transport, food), “the continent should take this opportunity to use proven cost-efficient and effective technologies in addressing them,” said Abou-Sabaa.

Focusing on the theme " Africa on the rise: Can the opportunities from climate change spring the continent to transformative development?”, the Conference on Climate Change and Development in Africa (CCDA) seeks ways of strengthening Africa’s ability to seize opportunities from climate change to better prepare the continent for transformative development.

The conference was organized under the auspices of the Climate for Development in Africa (ClimDev-Africa) Programme, a joint initiative of the African Union Commission (AUC), the United Nations Economic Commission for Africa (ECA) and the African Development Bank (AfDB).

Clim-Dev Africa seeks to strengthen the capacities of Africa’s climate institutions to be able to generate and widely disseminate appropriate, useful and useable climate information. Additionally, the program seeks to enhance the capacity of Africa’s policy makers to be able to use such data routinely in development planning. The AfDB expects to channel a total amount of USD 800 Million for the ten coming years to address climate resilience issues in Africa through the ClimDev Africa Program.

The AfDB is playing a key role as financier, partner, and advisor to African countries to assist them enhance access to available resources as well as capitalize on future financing opportunities.

In that regard, the AfDB, under its Climate Change Action Plan, is investing up to USD 10 billion between 2011 and 2015. These resources will be drawn from the AfDB’s own internal funding, bilateral trust funds and climate finance instruments. The AfDB’s current Investment represents USD 4.3 billion (2011-2012).

The opening session of the conference was also addressed by Alemayehu Tegenu, Minister of Water, Irrigation and Energy, of Ethiopia, Tumusiime Rhoda Peace, Commissioner for Rural Economy and Agriculture of the African Union Commission Carlos Lopes, UN Under-Secretary General and Executive Secretary of the Economic Commission for Africa.

Comments

Post a Comment

Popular posts from this blog

Vodafone sells 45% shares in Verizon for US$130 billion

Vodafone has sold its 45% stake in Verizon Wireless to US telecoms group Verizon Communications in one of the biggest deals in corporate history. The US$130 billion (£84bn) deal was announced by Vodafone after the close of trading on the London Stock Exchange. The company will return £54 billion to its shareholders, of which £22 billionn will go to shareholders in the UK. Vodafone will also invest money in its business, with funds earmarked for high speed mobile phone networks. It said that by 2017 its main five European markets would have almost complete 4G coverage. Possibly it would be wrong to carp and wring hands that Vodafone won't be paying a penny of tax to the British taxman” Vodafone group chairman Gerard Kleisterlee said: "The transaction will position Vodafone strongly to pursue our leadership strategy in mobile and unified communication services for consumers and enterprises, both in our developed markets and across our emerging markets businesses." The...
Post a Comment
Read more

Shortage of weighing cards hit major hospitals in Accra

By: Fred Yaw Sarpong- Daily Express There is scarcity of Child Health Records Book (weighing cards), in some major public hospitals in the capital, information reaching the Daily Express indicates. Checks by this paper revealed that while some of the hospitals have being encountering the shortage for about a year now, others started experiencing it six months ago. In place of the Child Health Record Book (weighing card), the nursing mothers are given a single card on which information of children are recorded on it. Those hospitals identified are the Korle Bu Teaching Hospital, Korle Bu Polyclinic, Kaneshie Polyclinic, Adabraka Polyclinic and the Ridge Hospital. At the Korle Bu Teaching Hospital, the nursing mothers are given yellow cards in place of the weighing cards. The Public Relations Secretariat at the Korle Bu Teaching Hospital said such information has not come to their notice and for that matter they cannot comment on it. “We do not have some ...
Post a Comment
Read more

ABL launches chibuku super in Bolgatanga

By: Fred Yaw Sarpong sarpong007@gmail.com Accra Brewery Limited (ABL) has officially launched the Chibuku Super drink at Bolgatanga in the Upper East region with the aim of reaching a lot of customers. Mr. Thomas Nii Ponku, Supervisor in charge of Chibuku Super at ABL told Daily Express that the management decided to launch the Chibuku Super drink in the Upper East region because they’ve realized it is similar to a traditional drink in the region. “Chibuku is like a well developed pito, a traditional drink made from fermented millet or sorghum in the Northern part of Ghana. So the idea is to provide them with similar drink,” he added. Mr. Nii Ponku disclosed this when members of the Institute of Finance and Economic Journalists (IFEJ) toured the facility of ABL to acquaint themselves with the expansion project at the factory. He mentioned that after a feasibility study, they realized there is a potential market for the product in the northern part of Ghana ...
Post a Comment
Read more