SOURCE: African Development Bank
ADB President and Bank delegation to showcase Bank's climate change interventions in Africa at COP21 in Paris, France
The African Development Bank (AfDB) is involved in this event at various levels. First, as an Observer to the United Nations Framework Convention on Climate Change (UNFCCC), the Bank monitors the ongoing negotiations leading up to the adoption of a new agreement in Paris. Second, Bank's participation contributes to showcase Bank's climate change interventions in Africa. Third, at regional level, the Bank in coordination with the African Union Commission, the UN Economic Commission for Africa, the NEPAD Secretariat and other partners, is establishing an Africa Pavilion at COP 21 that will serve as an African hub and host of various African High Level Events and "Side Events" addressing themes of fundamental importance to Africa.
The AfDB delegation will take an active role in following up on the discussions that took place during the Ministerial Meeting on Climate Finance co-hosted by Peru and France at the World Bank and IMF Annual Meeting in Lima, Peru. President Akinwumi Adesina said that controlling climate change is a non-negotiable priority, and announced that the bank will triple its climate financing to reach $5 billion annually by 2020.
The Bank will also seek to broaden the dialogue on the new corporate priorities (the President's High 5s), including the New Deal for Energy in Africa.