COP15-Climate Change Conference: An Opportunity for Africa
Kaberuka: Africa Needs USD 40 Billion/Year in Climate Aid
- Climate change costing Africa nearly 3 percent of GDP
In an interview with Reuters news agency, held on 7 December 2009, AfDB President Donald Kaberuka declared that rich nations at the Copenhagen climate summit should commit USD 40 billion a year in new money to help Africa tackle the consequences of global warming.
Climate change is costing this continent almost 3 percent of GDP (gross domestic product) per year, said the President, equivalent to about USD 40 billion on an annual basis.
Negotiations began on 7 December 2009 in the Danish capital on 7 December 2009 between 190 countries on a treaty designed to curb emissions of greenhouse gases and combat the effects of climate change, including rising seas, desertification and floods.
African leaders say their continent has been hit particularly hard by climate change -- and stands to suffer more if it continues unchecked -- because of the fragility of many African economies.
Mr. Kaberuka said Africa would spend the USD 40 billion a year on helping countries adapt to climate change, on energy sources that are low on harmful emissions, and on measures like preserving forests to help absorb excess carbon dioxide.
He said he also wanted the Copenhagen summit to lead to an "ambitious" agreement on cutting global emissions, and the creation of a governance structure to monitor countries' compliance with emissions targets and aid commitments.
"For us the issues of climate are issues of development, you cannot disassociate the two because we are living at such a margin in terms of development, the level of fragility of vulnerable economies, that even small changes in temperature take us almost over the brink," said President Kaberuka.
AfDB and Climate Change
- Africa and Climate Change
- Adaptation to climate change: a Priority and Crucial Issue for Africa
- Climate Change and Mitigation
- The Bank’s Response to Climate Change
- The Climate Risk Management and Adaptation Strategy (CRMA)
- The Clean Energy Investment Framework
- Infrastructure Rehabilitation Assistance after Meteorological Extreme Events
- The Bank’s Current Activities on Climate Change
- Climate Change and Gender
- Solar Thermal Power Station Project: Ain Beni Mathar, Morocco
- Support Program to Preserve the Congo Basin Ecosystems
- Sahanivotry Hydro-Electric Power Plant, Madagascar
Africa Speaks with One Voice on the Issue of Climate Change
African nations, in both absolute and per capita terms, are not significant sources of emissions on a global scale, but bear a disproportionately larger negative impact of climate change.
Climate change poses an additional burden to the continent, which is currently grappling with the challenge of meeting basic developmental needs. In fact, the continent is at risk of a reversal of the modest gains made thus far towards achieving the MDGs, if the projected negative impacts of climate change are not addressed in the near term.
- Joint statement by Multilateral Development Banks and the IMF in anticipation of the Copenhagen Conference
- Interview with the World Conservation Union Director, Julia Marton-Lefevre, following a meeting with AfDB Group’s President, Donald Kaberuka
- COP 15 and Africa
- AfDB at COP 15
- COP 15: The President Exchanges with the Group of African Negotiators
- Africa Speaks with One Voice on the Issue of Climate Change