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.
Does deposed Egyptian President Mohammed Morsy deserve a death sentence?speak out
Read Story: Does deposed Egyptian President Mohammed Morsy deserve a death sentence?
- Kenya's super rich billionaire's club
- Nigeria fuel crisis paralyses operations in Lagos and Abuja
- Tanzania promises free DNA testing
- The girl who met Gaddafi 'in hell'
- Burundi opposition leader murdered during pause in protests
- Oliver Mtukudzi discloses HIV status
- Ethiopia in first vote since Meles Zenawi's death
- Dead Tanzania celebrity's girlfriend speaks out
- Burkina Faso to exhume body of slain ex-leader Sankara
- Chinese dominance worries Nigeria's textile traders