Africa welcomes low carbon financing coalition

Abstract

In this press release highlighted some points by Ms. Olushola Olayide, representing the African Union Commission (AUC), told delegates at CCDA-IV that the plan for the coalition is a build on earlier promises by wealthy nations to raise $100 billion to help developing nations shift to renewable and adapt to extreme environmental conditions. "Africa must look into options that can turn climate challenges into opportunities, especially those that improve agricultural performance and enhance capacity to facilitate broad-based poverty reduction and food security for all," she said. Ms. Olayide stressed that agriculture would remain a key driver of African economic growth, with a prime responsibility of providing employment opportunities for a rapidly growing and predominantly youthful population. Empowering people with climate change information and knowledge was therefore critical to enhancing the performance and sustainability of African agriculture. Therein lay the relevance and key role of the ClimDev-Africa Programme, Ms. Olayide concluded