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Climate Finance Bimonthly Newsletter - Issue N° 37 – July-October 2016
AS WE EMBARK upon the 22nd Conference of the Parties to the UN Climate Change Convention, also known as COP22, twenty-one African countries have already ratified the Paris Agreement — a testament to their willingness to integrate actions against climate change into their development strategies, in line with not only the Agreement, but also the UN Sustainable Development Goals.
The African Development Bank continues to provide the necessary financial and technical assistance to member country efforts to ensure development gains are not stalled by climate change. The Bank has aligned itself to the new global development and climate agenda through a restructuring process fit for purpose to deliver Africa’s development goals. As Africa’s development bank, mobilizing adequate means of implementation for African Nationally Determined Contributions (NDCs) is a priority for us at COP22. It for this reason that the Bank supports a common position for Africa at the climate change negotiations process.
The Bank has crafted a robust agenda through its High 5s which aim to stimulate inclusive, green, ethical growth while respecting the environment. These development priorities strive for: universal access to electricity by 2025; food self-sufficiency and better nutrition; economic diversification and a rise in value-added products; improved quality of life for Africans thanks to job creation, greater access to drinking water and sanitation, more robust health systems; and greater regional integration.