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Clean Energy Investment Framework for Africa: Role of the AfDB

01-Jan-2000

Climate change has emerged as an increasingly serious threat to sustained economic growth and poverty reduction, the quality of life, and political stability in the world. In the last two years, two compelling reports – the 2007 Fourth Assessment Report (AR4) of the Intergovernmental Panel on Climate Change (IPCC) and the Stern Review – have shed light on the phenomenon, its most likely driving factors, and the risks and challenges that it presents. AR4 presents consensus empirical evidence of near-certain cause-and-effect linkages between human socio-economic activities and greenhouse gases (GHGs), and between the latter and climate change. The Stern Review, on its part, undertakes a comprehensive cost-benefit analysis of international response to climate change.

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