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.
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