Africa has attracted the sum of $23 billion as funding for its climate adaptation and resilience efforts.
The continent got the funds during the Africa Climate Summit held in Nairobi, Kenya’s capital
This was disclosed by Kenya’s president, William Ruto, at the end of the three-day summit.
President Ruto revealed that the fund is a collective effort from various stakeholders, including governments, the private sector, multilateral, banks, and philanthropists.
The African leader said some of the good highlights “include a transformative partnership investing $16 million over two years in expanding grid access in rural Burundi”.
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He added: “A $4.5 billion commitment from the UAE to boost renewable energy, substantial contribution from the European nations, and significant investments from the private sector,” he said.
[…] Also Read: Africa gets $23bn funding for climate action at summit […]