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Climate Finance Newsletter - Issue N°43 - COP24 Special Edition - December 2018

03-Jan-2019

THE AFRICAN DEVELOPMENT BANK, actively participated in COP24 with five broad objectives: building and strengthening partnerships to promote climate-resilient and low-carbon development in Africa, supporting African positions in negotiations, mobilizing finance, acquiring and sharing knowledge, and presenting the work of the Bank in aligning its investments with the Paris Agreement.

At the end of the two week-long COP24, the African Development Bank’s Pavilion hosted some forty round tables and conferences addressing all aspects of the fight against climate change in crucial economic sectors. The Bank presented investment opportunities in Africa’s Nationally Determined Contributions (NDCs), as well as spoke loudly and strongly during the negotiations in defense of the continent’s interests. We are conscious of the urgency and the need to respond to the challenges facing Africa as revealed by the latest Intergovernmental Panel on Climate Change (IPCC) report on 1.5 degrees Celsius.

We will continue to support African countries in the bid to implement their NDCs within the context of the Sustainable Development Goals and contribute to achieving the goals of the Paris Agreement. We will continue to work with development partners and our regional member countries to ensure that the modest developmental gains that Africa has made must not be obliterated by climate change.

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