Outcomes of the CAS 2021 Anchoring Event – Accelerating African Adaptation: Unlocking Action
Anchoring Event outcomes
African and European countries and international institutions have announced that they will jointly invest more in climate adaptation in Africa. For example, the Netherlands is contributing EUR 20 million extra to the adaptation fund for least developed countries to adapt to climate change. The Netherlands is also investing EUR 100 million in the Drylands Sahel program for sustainable agriculture and better incomes for farmers and livestock farmers, with special attention for young people and women.
Africa Adaptation Acceleration Program
The African Development Bank (AfDB) announced a new Africa Adaptation Acceleration Program (AAAP). This flagship program will focus on agriculture, infrastructure, youth and innovative finance. The African Development Bank has committed to mobilize USD 25 billion as climate finance between 2020 and 2025, of which at least 50% will support climate adaptation and resilience building. AfdB and GCA will use this to leverage an additional USD 12.5 billion through other key partners.
An agenda for unlocking adaptation in Africa
The Climate Development Knowledge Network (CDKN) launched a working paper, laying out an agenda for unlocking effective, accelerated adaptation at scale in Africa based on investing in climate-resilient people, economies and in nature.