Africa is experiencing a decline of 5% to 15% in its per capita economic growth due to the impacts of climate change.
The continent also faces considerable risks of decreased agricultural productivity, with potential losses of up to 2.9% by 2030 and 18% by mid-century, as indicated by the Center for Global Development. And yet, despite these formidable challenges, Africa receives only a fraction of global climate finance flows, with a shortfall that severely hampers the continent's capacity to adapt, mitigate, and bolster resilience against climate change's adverse effects.
In this session, our speakers explored strategies to concurrently foster resilience and propel growth amidst the climate crisis, highlighting tools such as carbon taxation and the promotion of sustainable supply chains, as well as broader ways in which the trade, investment and climate agenda can be aligned on the continent to realise a climate-resilient and prosperous Africa.
Speakers:
Executive Vice President, Intra-African Trade Bank | Afreximbank