AfDB sets aside $6bn for climate change fight By BISONG ETAHOBEN in Yaounde | Monday, February 20 2012 at 13:41
The African Development Bank (AfDB) will invest $6 billion in environmental protection projects from 2011 to 2015.
Making the announcement in Yaounde Friday, the bank’s expert on climate change Ngoye Thiam said that the money would sponsor projects that fight climate change.
Speaking at the close of a three-day workshop that brought together representatives from Congo Brazzaville, Gabon, Equatorial Guinea, the Central African Republic, DR Congo, Chad and Cameroon, the AfDB Resident Representative in Cameroon Racine Kane said climate change hampers the fight against poverty in the continent.
Kane said countries have to deal with climate change by either weakening the greenhouse gas effect in order to limit the effects of global warming or by adapting to the effects.
"Whatever the option, it is necessary to act very fast," Kane said
According to Mr Thiam, the workshop was to simplify AfDB policy on climate change as well as its operational procedures in order to enable participants acquire a global understanding of the challenges and opportunities posed by climate change.
Gays: Can Uganda do without western aid?speak out
Read Story: Gays: Can Uganda do without western aid?
- How Nigeria's super-rich travel
- Kenyan debut novel wins high praise in US
- US freezes $458m stolen by Nigeria dictator Abacha
- The girl who met Gaddafi 'in hell'
- The miniskirt and its 50 years of controversy
- Oliver Mtukudzi discloses HIV status
- Mugabe gives newly wed daughter $100,000, 55 head of cattle
- Niger 'extradites' Gaddafi's son to Libya
- Uganda President wants poachers 'shot on sight'
- Uganda accuses World Bank of 'blackmail' over anti-gay law
South Sudan return to hostilities