AfDB Unveils 10,000MW Solar-Powered Plan For 250 Million Africans


The President of the African Development Bank Group, Dr Akinwumi Adesina, said the bank was working on a Desert-to-Power Initiative, which would lead to the development of 10,000MW of solar power in the Sahel of Africa, providing electricity to 250 million people.

He said this while giving his opening remarks at the Knowledge Event 1 of the bank’s 2021 Annual Meeting, a three-day virtual event that started on Wednesday.

The theme of the Thursday event was ‘Climate Change and Green Growth’.

Adesina said Africa needed massive support to adapt to climate change, which has had devastating effects on the continent, adding that Africa should focus on climate resilience and green recovery.

He said, “As Africa builds back from the effects of the COVID-19 pandemic, it should do so with greater priority to climate resilience and green recovery. The imperative to do so is very clear.

“Africa, which contributes less than four per cent of global greenhouse gas emission, is facing the worst effects of climate change. The effects are manifested in the droughts in the Sahel, the drying up of the Lake Chad Basin, and the Climate-related swarms of desert locusts in Eastern Africa.

“We feel it with the tropical cyclone that devastated Mozambique, Zimbabwe and Malawi, which left 800 people dead with $200bn in losses.

“Africa needs massive support to adapt to climate change.”

He added, “The African Development Bank is taking bold actions to build climate resilience for African countries, which is why the bank increased the share of total financing devoted to climate from nine per cent in 2016 to 35 per cent in 2019. We are expected to reach 40 per cent by the end of 2021.”

Book On “International Arbitration & ADR And The Rule Of Law”

Written By Professor C.J. Amasike, Ph.D; F.DRI; F.CIArb; M.ADRg; FIPA; FCTI

Price: ₦25,000 or £35 per copy [Hard Back– 20 chaps/715 pages]

Contact Information
Email: info@idrinstitute.com, info@adrinafrica.org
WhatsApp only: 0803-703-5989 Voice Call Chris: Mobile: 0817-630-8030, Landline: 09-2913581
Office Address: 50 Julius Nyerere Crescent, [Next To The World Bank], Asokoro, Abuja – Nigeria.
Bank Account Details; Bank Name: UBA Plc.; Account Name: International Dispute Resolution Institute; Account Number: 1014072579



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *