11min chapter

Zero: The Climate Race cover image

This bank is turning Africa into a climate investment opportunity

Zero: The Climate Race

CHAPTER

Responding to Climate Change in Africa

This chapter explores the disproportionate impact of climate change on Africa and the efforts of the African Development Bank in addressing the climate crisis. It highlights the financial losses incurred by Africa due to climate change and the bank's significant investments in climate adaptation, including programs like the Africa Adaptation Acceleration Program and the Africa Disaster Risk Insurance Facility. The chapter also discusses the importance of supporting businesses and farmers in Africa through initiatives such as providing heat-tolerant wheat varieties and water-efficient maize, as well as promoting renewable energy projects to drive industrialization while minimizing global emissions.

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