- Climate Finance Newsletter - Issue N°45 - January - June 20200.94 MB
The combination of Covid-19 pandemic and enhanced climatic threats exacerbates Africa’s vulnerabilities and developmental challenges.The Covid-19 pandemic reminds us of our collective vulnerability to global human and environmental threats.
The African Development Bank Group approved a $10-billion Covid-19 Response Facility (CRF) to help African countries effectively respond to the Covid-19 health crisis and to stimulate green and resilient recovery.
The Bank’s CRF package presents an opportunity to address the emerging Covid-19 challenges and support the continent’s transition to resilient and green growth through investments such as installing renewable energy in health centres; delivering climate smart agricultural interventions in the Sahel region to avert hunger; and sustainable water and sanitation solutions.
If anything, there is a silver lining in this crisis of enabling the global community to “build back better” - by not going back to carbon intensive production and consumption systems that made us this vulnerable in the first place. This approach will lay a solid foundation to a greener post-Covid future.
Report by AfDB
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