The perceived risks of climate change initiatives are high due to the relative long-term maturity of such investments and the sometimes new or expensive technology to be utilised. The Bank plays a key role in backing such initiatives with its own resources, including leveraging financing from other sources, to incite investor confidence and participation in this emerging area.
Climate change is a global challenge that requires a global response. AfDB is working alongside other development partners including other Multilateral Development Banks (MDBs), UN organisations and bilateral development agencies to implement interventions that help Africa adapt to a changing climate as well as mitigate its risks.
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