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Climate Finance Bimonthly Newsletter - Issue N°32 - July-August 2015


2015 is a pivotal year for the African continent, a year which is shining a spotlight on development and climate. Among the many elements that signaled change this year, the new president of the African Development Bank, Dr. Akinwumi Adesina, took office in Abidjan on September 1.

During his inauguration, the president emphatically announced the launch of a "New Deal" for energy in Africa. He said, "Unlocking Africa’s enormous energy potential, for Africa, will be a major focus of the Bank." To do this, he mentioned, among other things, the establishment of new strategic partnerships aimed at exploiting the potential of renewable energy in Africa. He added, "The Bank will be a leader on this critical initiative, because nothing is more important for Africa’s economic growth and development." During consultations in Paris ahead of the upcoming global climate conference (COP21), he stressed his ambition for the continent, "The AfDB strongly supports the position of Africa in its growing need for resources to ensure climate change mitigation and adaptation."

With less than one hundred days until the global climate conference (COP21), the new president seems determined to defend the interests of the continent in the negotiations and to mobilize the actors needed to finance its needs.

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