On the Road to COP 30: African Development Bank Group Supports Climate Action
Eight of the ten countries most vulnerable to climate change are in Africa. Droughts, cyclones, and floods are severely disrupting agriculture, causing food insecurity, climate-induced migration, and straining vital sectors essential to the continent’s growth. This leads to a notable increase in public spending.
Despite limited resources, Africa is working to adapt to climate impacts. However, the continent receives less than 3% of global climate finance while suffering GDP losses of 7 to 15% due to climate change.
African Development Bank Group's Commitment
The African Development Bank Group, the continent’s foremost development finance institution, is dedicated to helping African nations build resilience against climate change and transition toward low-carbon development.
It supports countries by providing direct and flexible funding through various climate finance initiatives. These resources help implement climate commitments under the Paris Agreement, including Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs).
"The African Development Bank Group is strongly committed to supporting African countries in strengthening their resilience to climate change and supporting their transition to low-carbon development pathways."
Key Climate Challenges in Africa
- Frequent droughts, cyclones, and floods disrupting agriculture
- Rising food insecurity and population displacement
- Increased pressure on critical economic sectors
- Significant public expenditure due to climate impacts
- Disproportionately low share of global climate finance received
Climate Finance Efforts
- Provision of flexible financial instruments for adaptation and mitigation
- Support for Nationally Determined Contributions (NDCs)
- Assistance with National Adaptation Plans (NAPs)
Summary: The African Development Bank Group is actively deploying financial tools to help African countries adapt to climate change, despite their small share of global climate funding and heavy economic losses from environmental crises.
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