May 30, 2022
1 min read

Polluter Pays Strategy

AfDB president urges “polluter pays” principle in climate financing

President of the African Development Bank (AfDB) Group Akinwumi Adesina urged the global community late Friday to use the “polluter pays” principle in dealing with climate financing.

Adesina made this call while addressing the media after the close of the 2022 AfDB annual meetings with the theme of “achieving climate resilience and a just energy transition for Africa” in the Ghanaian capital, Accra.

“Africa did not create the emissions. The developed countries created the emissions and must pay for the adaptation needed to deal with climate change,” he urged.

On existing global financing for climate change, Adesina urged the international community to grant Africa equitable access to the Green Climate Fund to raise the needed resources to support climate investments.

ALSO READ: GHANA CEMENTS TIES WITH UAE

He said AfDB, with support from the Global Center on Adaptation, had increased its climate funding to 25 billion U.S. dollars for Africa.

Ghana’s Finance Minister Kenneth Ofori-Atta called for a global climate financing framework that respects historical responsibility.

“The balance sheet of climate change demands that we seek this fairness,” added Ofori-Atta, who is also the chairman of the board of governors of AfDB.

Previous Story

Sudan lifts Countrywide emergency

Next Story

No survivors in Nepal plane crash

Latest from AFRICA NEWS

Violence against children hit unprecedented levels

In Somalia, it reported 2,568 violations against 1,992 children.In Nigeria, 2,436 grave violations were reported against 1,037 children The UN kept Israeli forces on its blacklist of countries that violate children’s rights

Kenya’s Odinga Slams Adani Deal U-Turn

Before the cancellation of the deal, Odinga was among the leaders who defended the Adani Group….reports Asian Lite News Kenya’s former Prime Minister Raila Odinga on Friday expressed disappointment over the cancellation

Yemen Faces Famine Alert

The humanitarian response to the Yemeni crisis has been severely hampered by funding shortfalls…reports Asian Lite News The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has warned that famine

Nigerian leader’s pardon draws criticisms

During an event to mark the 26th anniversary of Nigeria’s return to democracy, Tinubu pardoned the “Ogoni Nine,” including celebrated writer Ken Saro-Wiwa, and described them as “national heroes.” Nigeria’s President Bola
Go toTop

Don't Miss

Xi’s massive Africa outreach

In a reflection of China’s broadening relationship with Africa, Xi

Africa’s covid-19 cases near 11.66 mn

The number of confirmed Covid-19 cases in Africa has reached