New ISO ESG Implementation Principles provide int’l guidance to streamline ESG practices
New ESG Implementation Principles launched the International Organization for Standardization (ISO) at the 29th United Nations ...
More than a third (34%) of all Africans see climate change as one of the biggest challenges people in their country are currently facing, alongside other major challenges such as inflation or access to health care, according to the first African and Middle East edition of the European Investment Bank’s (EIB’s) 2022 Climate Survey.
The survey covers Angola, Cameroon, Côte d’Ivoire, Egypt, Jordan, Kenya, Morocco and Tunisia.
The survey results confirm that climate change has negatively affected the livelihoods of African people, with 61% stating that their income has been affected. These losses are typically due to severe drought, rising sea levels or coastal erosion, or extreme weather events such as floods or hurricanes.
More than half of African respondents (57%) said they or people they know have already taken some form of action to adapt to the impact of climate change. Some of these initiatives include investments in water-saving technologies to reduce the impact of drought and drain clearing in advance of flooding.
When asked about the sources of energy their country should invest in, 76% of African respondents said renewable energy should be prioritized, far ahead of fossil fuels (13%).
“A great majority of respondents in the countries polled in Africa are alerting us that climate change is already impacting their families and sources of income. Just after COP27 in Sharm el Sheikh, the results of the EIB 2022 Climate Survey also show that developing renewable energy is seen as an important priority by most of the respondents. At the EIB we have been supporting clean energy investments in Africa, such as wind power, hydropower and off-grid solutions, for many years. We stand ready to use our full range of advisory and financial instruments to support our partners on the ground to mitigate climate change, adapt to its already palpable, negative effects and ensure a just transition,” Vice-President Ambroise Fayolle said.
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