• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Wednesday, May 14, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

Africa loses $7bn to $15bn yearly to climate change- Adesina

Editor-in-Chief by Editor-in-Chief
May 28, 2024
in News
0
Africa loses $7bn to $15bn yearly to climate change- Adesina

Africa loses $7bn to $15bn yearly to climate change- Adesina

0
SHARES
7
VIEWS
FacebookTwitterWhatsappEmailTelegram

Dr Akinwunmi Adesina, the Group President, African Development Bank (AfDB), said Africa is  losing about seven to 15 billion dollars annually to the ravages of climate change.

Adesina said this during a media conference in Nairobi on the sidelines of the ongoing AfDB Annual Meetings 2024.

RelatedPosts

Zangon-Kataf LG Chair Makes Fresh Aide Appointments To Deepen Inclusive Governance

Mali’s Military Government Dissolves Political Parties Amidst Opposition Crackdown

Kaduna Women Journalists Urge Government To Uphold Press Freedom

The News Agency of Nigeria (NAN) reports that the meeting marks the 60th anniversary and 59th Annual Assembly of the AfDB and the 50th meeting of the African Development Fund (ADF).

Adesina said while Africa contributed minimally to global emissions, it bore the disproportionate burden of environmental degradation catastrophes.

According to him, the continent, accounting for a mere three to four per cent of emissions, is unexpectedly suffering the most severe consequences of environmental upheaval.

He said the situation would   worsen if immediate action was  not taken, adding that by 2030, Africa’s annual losses to climate change could skyrocket to a staggering 40 billion dollars.

“Africa loses seven to 15 billion dollars a year to climate change. If that does not change, that will grow to roughly 40 billion dollars annually by 2030.

“That means we are losing much of our potential for something we did not cause, because Africa did not account for more than three to four per cent of climate emissions.

“But it is suffering today disproportionately from the negative consequences of climate change, which can amplify the strain on already vulnerable economies,” he said.

ALSO READ:  MNJTF troops rescue 38 hostages, disrupt Boko Haram supply chain in Gubio

According to the AfDB president, the unfolding events clearly portray Africa’s struggle against the elements.

“From Malawi’s worst drought in memory to Zimbabwe’s declaration of a national emergency due to severe drought, Mozambique grappling with devastating floods, the continent is besieged by extreme weather events.

Adesina emphasised the need for action that was beyond mere acknowledgement, a need for global financial support to bolster Africa’s resilience and facilitate adaptation measures.

“Africa’s economy’s future is going to depend on building resilience to these particular shocks because climate change is devastating the whole continent,” he said. (NAN

Tags: AfDBAkinwunmi AdesinaClimate Change
Editor-in-Chief

Editor-in-Chief

Sunday Isuwa is an Award-winning Journalist #SpacesHost and hold post graduate degrees in Mass Communication. He is the Editor-in-chief and his stories have affected the lives of millions and shape the global politics and business.

Related Posts

Zangon-Kataf LG Chair Makes Fresh Aide Appointments To Deepen Inclusive Governance

Zangon-Kataf LG Chair Makes Fresh Aide Appointments To Deepen Inclusive Governance

by Tambaya Julius
May 14, 2025
0

By Israel Bulus, Kaduna In a move aimed at strengthening grassroots participation and promoting inclusive governance, the Executive Chairman of...

Mali’s Military Government Dissolves Political Parties Amidst Opposition Crackdown

Mali’s Military Government Dissolves Political Parties Amidst Opposition Crackdown

by Nathaniel Irobi
May 14, 2025
0

Mali's military regime has officially disbanded all political parties and prohibited their operations nationwide, imposing strict sanctions on any noncompliance....

Northern CAN Meets NSA, Raises Alarm Over Religious Discrimination, Insecurity

Kaduna Women Journalists Urge Government To Uphold Press Freedom

by Ojimaojo Abubakar
May 14, 2025
0

By Amina Samuel, Kaduna The Kaduna State chapter of the National Association of Women Journalists (NAWOJ) has called on the...

Recommended

Yobe Ambush: Investigation Launched into Allegations of Soldiers Collaborating with Terrorists

Yobe Ambush: Investigation Launched into Allegations of Soldiers Collaborating with Terrorists

4 days ago
Matawalle Meets Chinese Defence Firm To Bolster Nigeria’s Anti-Terrorism Capabilities

Matawalle Meets Chinese Defence Firm To Bolster Nigeria’s Anti-Terrorism Capabilities

7 days ago

Popular News

  • El-Rufai: Tinubu’s Govt Most Corrupt, Worst in Nigerian History

    Middle Belt Calls for Restoring Justice in Kaduna, Reversing El-Rufai’s Divisive Policies

    0 shares
    Share 0 Tweet 0
  • Odieli Commends Minister Goronyo For Infrastructure Commitment

    0 shares
    Share 0 Tweet 0
  • ZangoKataf/Jaba 2027: Gen. Gora Receives Overwhelming Support From Jaba LGA

    0 shares
    Share 0 Tweet 0
  • New Dawn In Southern Kaduna As Professors Welcome Federal Interventions

    0 shares
    Share 0 Tweet 0
  • Northern CAN Meets NSA, Raises Alarm Over Religious Discrimination, Insecurity

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (701)
  • Education (209)
  • Entertainment (305)
  • Health (183)
  • National (2,008)
  • News (7,576)
  • Opinion (279)
  • Politics (1,541)
  • Science (15)
  • Security (402)
  • Sports (409)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform