Business

Africa needs over $100 billion yearly for climate adaptation

Despite contributing only 4% of the world’s greenhouse gas emissions, Africa needs an almost tenfold increase in climate adaptation funding to $100 billion a year.


Particularly if it aims at augmenting its infrastructure to equip weather early warning systems and protect its agriculture from climate change, the Global Center on Adaptation has stated.


According to the report seen on Bloomberg, Africa has current adaptation finance flows of about $11 billion a year in 2020.