US President Joe Biden has announced the sum of $150 million
dollars to accelerate climate adaptation initiatives in Africa.
He said this on Friday while delivering a national statement
at the ongoing COP27 in Egypt.
Biden said African cities and communities that are hardest
hit by the climate crisis do not have the resources to adapt.
He noted that his administration has doubled its adaptation pledge, adding that if countries can finance coal in developing countries, they can also finance clean energy in those countries.
The US president stated that his country will make sure that
every dollar delivered goes as far as possible in unlocking larger pools of
financing and the trillions in private investment that is needed.
“So many disasters, climate crisis, the city and hardest hit
countries and communities that have the fewest resources to respond and to
recover. That’s why last year I committed to working with our congress to
quadruple US support to climate finance and provide $11 billion annually by
2024, including $3 billion for adaptation,” Biden said.
“Today, as a down payment, we’re announcing more than $150
million in initiatives that will specifically support and prepare adaptation
efforts throughout Africa, including adaptation and African efforts that Egypt
and the United States launched together in June.
“This includes
support for expanding early warning systems to help recover Africa, broadening
access to climate finance, providing disaster risk protection, strengthening
food security, mobilising the private sector, and supporting new training
centre in Egypt to accelerate adaptation all across the continent.”
Citing the impacts of climate change across the world, Biden
said the climate crisis is about human, economic, environmental and national
security as well as the life on the planet.
He said world leaders should see it as a mission to avert
climate catastrophe and ensure a new clean energy economy for the present and
the future.
“According to the World Meteorological Organisation, the
past eight years have been the warmest on record. The United States is seeing a
historic drought. wildfires in the west, food insecurity, and hunger following
four years of intense drought in the Horn of Africa,” Biden noted.
“The Nigeria flooding
has recently killed 600 people, 1.3 million more are displaced. Seasonal
livestock migration routes have been used for hundreds of years and are being
altered, increasing the risk of conflict between herders and local farming
communities.
“Our investments in technology, from electric batteries to
hydrogen are going to spark a cycle of innovation that will reduce the cost and
improve the performance of clean energy technology that will be available to
nations worldwide, not just the United States.
“We’re gonna help make the transition to a low carbon future
more affordable for everyone, accelerate decarbonisation beyond our borders. In
fact, the International Energy Agency recently concluded that our significant
climate investment will turbocharge the emerging global clean energy economy
and dream of course. It’s going to shift the paradigm for the United States and
the entire world.”
He also announced that the United States of America will
meet its emissions targets by 2030 to help avert “climate hell”.
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