The bank’s President Akinwumi Adesina will make an opening address at the symposium.<\/p>\n
The first panel of the symposium will explore approaches, opportunities and challenges in building resilience in Africa, while the second will discuss financing and business models for building climate-resilience in Africa.<\/p>\n
Climate Change poses significant challenges to Africa\u2019s economic development. The continent is already experiencing its impact, evidenced by stress on its water resources and reduced crop productivity. Climate change has also led to changes in the incidence and geographic range of parasitic and water borne diseases like malaria, due to increasing temperatures and changing rainfall patterns. The recent cyclones Idai and Kenneth, are considered to be the worst hurricanes in the southern hemisphere in recent years, resulting in direct economic losses of about $2 billion.<\/p>\n
The bank\u2019s Climate Change and Green Growth Director, Prof. Anthony Nyong, who was named\u00a0among world\u2019s \u201c100 Most Influential People in Climate Policy\u201d, says: \u201cIt\u2019s important that everybody understands that climate change is a cross-cutting issue. It shows up everywhere, in every sector. It has evolved from an environmental worry to a threat on global development, particularly in Africa. The African Development Bank is demonstrating a strong commitment at both policy and implementation level, to climate compatible development in Africa\u201d.<\/p>\n
Africa\u2019s share of global climate finance is inadequate. About 14% of the worlds population lives in sub-Saharan Africa and is highly vulnerable to changing climates. Whilst accounting for around 2% of global CO2 annual emissions. Only 3% of global climate finance flows into the continent.<\/p>\n
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