The Africa Adaptation Knowledge Network (AAKNet) has estimated USD 2 billion is flowing across the continent for adaptation through a variety of sources, reports NaijaAgroNet.
This is coming as AAKNet predicts that an estimated 15 billion United States dollars will be committed for cost of emission by year 2020.
NaijaAgroNet recalls that past global emissions already commit Africa to adaptation costs of USD 7-15 billion per year by 2020.
The report, NaijaAgroNet gathered, builds on the United Nations Environment Programme (UNEP) 2014 emissions gap report that showed global emission-reduction efforts are not yet at the level of what is required to put the world on track to hold global warming below 2°C.
Equally, NaijaAgroNet reports that by 2050, Africa’s adaptation costs could rise to USD 50 billion per year for a scenario holding global warming below 2°C, and up to USD 100 billion per year by 2050, if the world does not manage to turn away from the current path that could lead to more than 4°C warming by 2100.
To take a step back: this is not just a question of money, millions of people and their livelihoods are at stake. Africa’s population would be at an increasing risk of undernourishment due to increasing food demand and the detrimental effects of climate change on agriculture on the continent.
A warming of 2˚C globally, AAKNet pointed out, would put over 50 per cent of the African continent’s population at risk of undernourishment.
“Yet, right now, we are heading to 4˚C of warming,” AAKNet stated.
Further, NaijaAgroNet learnt that the report findings showed that sea level could rise by a metre above present-day levels, putting millions of people at risk of flooding in the large coastal cities across the continent.
“These are the striking impacts of climate change risk reversing Africa’s economic and development gains,” AAKNet warned.
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