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Climate Finance Bimonthly Newsletter - Issue N°28 - November-December 2014

22-Jan-2015

THIS YEAR will be important for energy and climate change in Africa, and for the African Development Bank. At the 20th UN Conference of the Parties on Climate Change (COP20), which concluded on 14 December 2014, many new climate finance pledges were confirmed – US$ 50 million more for the Adaptation Fund, US$ 800 million for the Climate Investments Funds US$ 10 billion for the Green Climate Fund (GCF). Yet, we all know that they are not enough – and far from the goal of mobilizing jointly USD 100 billion per year by 2020 to address global climate challenges, especially in developing countries.

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