Africa Adaptation Summit in Rotterdam 

7 September 2022

African and other global leaders rallied at the Africa Adaptation Summit in Rotterdam to highlight the urgency of #climateadaptation funding for #Africa.

They warned that the continent is at a tipping point for adaptation action.

The summit’s five-point Communique emphasized that success at the upcoming #COP27 in Egypt will depend on whether the needs of Africa, the world’s most climate-vulnerable continent, are met with finance flowing into such key country-led adaptation programs as the Africa Adaptation Acceleration Program (AAAP).

A joint initiative of the African Development Bank and the Global Center on Adaptation (GCA), #AAAP will mobilize $25 billion, over five years, to accelerate and scale climate adaptation action across the continent.

In addition, the #AfricanDevelopmentFund, the concessional financing window of the Bank that supports its low income Regional Member Countries, had introduced a #ClimateAction Window to mobilize $4 billion to $13 billion for climate adaptation for the Fund’s member countries. “This will be used to support 20 million farmers with access to climate resilient agricultural technologies, access of 20 million farmers and pastoralists to weather-indexed crop insurance, reviving 1 million hectares of degraded land, and provision of renewable energy for about 9.5 million people,” said Dr Akinwumi Adesina, President of the African Development Bank Group.

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