World Bank wants $16bn to help Africa tackle climate change

The World Bank aims to raise $16 billion (£10.6bn) to help African people and countries adapt to climate change. Its new ‘Africa Climate Business Plan’ will be presented at COP21, […]

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By Priyanka Shrestha

The World Bank aims to raise $16 billion (£10.6bn) to help African people and countries adapt to climate change.

Its new ‘Africa Climate Business Plan’ will be presented at COP21, the global climate talks in Paris.

It lays out measures to boost the resilience of the continent’s people, land, water and cities as well as other moves including boosting renewable energy and strengthening early warning systems.

The World Bank’s current estimates suggest the region needs between $5 billion (£3.3bn) and $10 billion (£6.7bn) per year to adapt to global warming of 2°C.

Jim Yong Kim, World Bank Group President said: “Sub-Saharan Africa is highly vulnerable to climate shocks and our research shows that could have far-ranging impact — on everything from child stunting and malaria to food price increases and droughts.

“This plan identifies concrete steps that African governments can take to ensure that their countries will not lose hard-won gains in economic growth and poverty reduction and they can offer some protection from climate change.”

The World Bank is committing a third of the money  – $5.7 billion (£3.8bn) – from the International Development Association (IDA), its arm that supports the poorest countries.

Its recent report revealed climate change could force more than 100 million additional people into poverty by 2030.