Search NaijaAgroNet

Thursday, June 25, 2020

Stantec, AfDB to host webinar on climate change, green investment - NaijaAgroNet


A webinar to be hosted by Stantec and African Development Bank (AfDB) on building the momentum to enhance private sector participation in climate change and green investment in Africa, has got a date, reports 

The workshop, 
NaijaAgroNet gathered, would present key findings on opportunities and challenges in climate change investment, in alignment with Nationally Determined Contributions (NDCs) in Africa.

The Consultation workshop, 
NaijaAgroNet also gathered would showcase options for private sector investments in climate change, and has been slated for Thursday, June 25, 2020 by 1pm GMT.

The Climate Change and Green Growth Department of the African Development Bank (, with the global infrastructure firm, Stantec, will host a consultation workshop on enhancing private sector participation in climate change and green investment in Africa on Thursday, 25 June 2020 from 1:00 pm to 3:30 pm (Abidjan time).

The key findings expected would specifically come from the six pilot countries: Egypt, Morocco, Angola, Mozambique, Nigeria and South Africa.

Since 2015, 54 African countries have signed the Paris Agreement on climate change while at least 44 of them have submitted their NDCs, committing to keeping global warming below 2°C. In Africa, it is estimated that the implementation of NDCs will cost about $3 trillion by 2030. All projections indicate that about 75% of this cost will come from the private sector.

The participation of the private sector in climate action in Africa needs to be supported and guided towards opportunities for green investments on the continent. The workshop will emphasize priority options and models to support NDCs-aligned private sector investments by presenting scoping studies in the six pilot countries and elsewhere on the African continent.

Anthony Nyong, Director for Climate Change and Green Growth, and Al-Hamndou Dorsouma, Manager of the Climate Change and Green Growth Division, will open the session. The meeting will gather the Bank’s country managers, key stakeholders from the private sector, public body representatives, and academics to build the momentum to scale up climate finance on the continent.

Ayo Midele/Editor

... Linking agrobiz, sustainable environs, people & technology

No comments:

Post a Comment

Share ur views here