Tuesday, 02 January 2024 12:17 GMT

30th Conference of the Parties (COP30): The African Development Bank Highlights the essential role of climate finance for conflict-affected countries


(MENAFN- News.Africa-Wire) ABIDJAN, Ivory Coast, November 17, 2025/ -- The African Development Bank Group () is playing a key role in supporting conflict-affected countries facing climate disruptions, Bank officials emphasised during a COP30 panel discussion on 12 November in Belém.

Through its Climate Action Window, established in 2022, the Bank Group has supported 41 projects worth $322 million and mobilised an additional $1.6 billion in co-financing, while building an adaptation pipeline of nearly $2 billion, according to Kevin Kariuki, Bank Vice-President for Power, Energy, Climate and Green Growth.

Kariuki spoke during "Bridging the Gap: Making Climate Finance Work for the Underserved," a side event co-organised by ODI Global and the United Nations Climate Security Mechanism.

"We must ensure that climate finance benefits the most underserved populations, especially those living in areas where security crises overlap with climate distress," said Rebecca Nadin, Director of Global Risks and Resilience at ODI Global.

The session brought together leaders from climate finance institutions, government representatives, and multilateral development agencies to explore ways to scale up climate finance for countries most vulnerable to climate change, particularly those affected by conflict.

Oumar Gadji Soumaila, Director General of Chad's Special Environmental Fund, stressed that "climate investments in conflict-affected areas are often the only support they receive, hence their essential nature." He pointed to communities around Lake Chad where climate financing has been vital for survival amid ongoing insecurity.

The Climate Action Window, created during the African Development Fund's 16th replenishment with contributions from Germany, the United Kingdom, Netherlands, Ireland, Switzerland, and Norway, dedicates funds exclusively to low-income, fragile and climate-vulnerable countries. The African Development Fund is the concessional lending arm of the African Development Bank Group

The funding breakdown reflects these nations' urgent needs:

• 75% allocated to adaptation projects
• 15% to mitigation efforts
• 10% to technical assistance
• 64% of adaptation financing provided as grants
Several African nations are advancing climate-security policies. Burkina Faso has already adopted a national framework, while the Liptako-Gourma Authority ()—bringing together Burkina Faso, Mali and Nig—r—plans to adopt a regional policy by end-2026.


MENAFN18112025007071015200ID1110358584



News.Africa-Wire

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search