Africa Needs More Than $100 Billion a Year for Climate Adaptation, Study Shows
Africa may need an almost tenfold increase in climate adaptation funding to $100 billion a year if it’s to buttress its infrastructure, improve weather early warning systems and shield its agriculture from climate change, the Global Center on Adaptation said.
Current adaptation finance flows of about $11 billion a year in 2020 are well below the $52.7 billion the continent’s nations have said they need and that estimate may only be half of the actual amount required, the Hague-based organization said in a report released on Tuesday at the inaugural Africa Climate Summit in Nairobi.