Friday, July 10, 2026

Africa losing 15% GDP to climate change: AfDB

Africa has been losing five to 15 per cent of its Gross Domestic Product (GDP) per capita growth to climate change and its related impacts.

• September 13, 2022
Kevin Urama
Kevin Urama

Africa has been losing five to 15 per cent of its Gross Domestic Product (GDP) per capita growth to climate change and its related impacts.

Group acting chief economist and vice president, African Development Bank (AfDB), Kevin Urama, said this in a statement posted on the bank’s website on Tuesday.

Mr Urama added that Africa needed $1.6 trillion between 2022 and 2030 to meet its nationally determined contributions (NDCs).

The AfDB vice president said this on Wednesday at a panel discussion on the sidelines of the Egypt International Cooperation Forum (Egypt-ICF 2022) in Cairo.

NDCs embody efforts by each country to reduce national emissions and adapt to the impacts of climate change.

Countries submit them under the Paris Agreement of the United Nations Framework Convention on Climate Change.

“Collectively, African countries received only 18.3 billion dollars in climate finance between 2016 and 2019. This results in a climate finance gap of up to 1288.2 billion dollars annually from 2020 to 2030. Climate change affects Africa severely, while the continent contributes to only three per cent of global emissions,” said Mr Urama.

He reiterated the need for the global community to meet its $100 billion commitment to helping developing countries and African economies mitigate climate change’s impacts and adapt to it.

Egyptian environment minister Yasmine Fouad highlighted Egypt’s national strategy for alignment for climate mitigation and adaptation, which had five key pillars.

He, however, added that the fight against climate change needed an integration among the government, civil society and the private sector.

Ghada Wally, executive director of the United Nations Office on Drugs and Crime (UNODC), said women and young people were among Africa’s best assets.

(NAN) 

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

POS machines

Economy

Digital payments power Nigeria’s $11.09 billion food service industry: Moniepoint Study

The study projected that the market would reach $19.31 billion by 2030, expanding at an annual rate of 11.73 per cent.

ASP Eno Ikoedem

States

LG Poll: Edo police impose statewide movement restriction

The police command in Edo State announced movement restriction from 12:00 midnight to 6:00 p.m. on Saturday as part of measures for the local government election.

Niger Delta Power Holding Company (NDPHC)

Economy

NDPHC hands over Gbarain power plant rehabilitation to TILT, Schneider

The company said the handover was to replace the plant’s burnt power control module.

Rev. Fr. Hyacinth Alia

States

Gov. Alia backs Benue/Kogi joint police taskforce to tackle border crimes

According to the governor, the joint task force will strengthen security checks and dismantle criminal enclaves operating around the border areas.

States

Insecurity: Plans ongoing to establish military bases in Kogi communities, lawmaker says

Kogi lawmaker says plans are ongoing to establish military bases in some communities in the state.

Los Angeles wildfire

World

11 dead as wildfire ravages southern Spain

At least 11 people have been killed and eight injured as wildfire ravages Los Gallardos, Almería, in Southern Spain.