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Climate Finance Bimonthly Newsletter - Issue N°40 - April-June 2017

08-Aug-2017

GATHERED under the theme, “Transforming Agriculture for Wealth Creation in Africa,” the 2017 African Development Bank Annual Meetings in May brought together thousands of representatives from government, business, civil society, think tanks, academia and the media – from Africa and beyond – to discuss one of the Bank’s High 5 priority areas and its performance in delivering results to “Feed Africa.” In order to meet this goal, delegates discussed a wide range of issues, including creative energy solutions. One such example of this is the Ouarzazate solar energy project in Morocco, which won an Africa Development Impact Award for its innovative and sustainable contribution to carbon neutral growth.

The message that emerged from the meetings and was summed up nicely by AfDB President, Akinwumi Adesina, is the need for political will, a change in the perception of agriculture, and the involvement of youth in turning a sector vulnerable to climate change and variability into a trillion dollar industry by 2030. Our work is therefore at the core of this transformation. Moving forward we will continue to find solutions to scale-up climate financing aimed at inclusive and green growth while leveraging new solutions which contribute to realizing Bank goals.

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