Africa’s green economy is a good investment

ADDIS ABABA – Next month, heads of state and government, climate scientists, private-sector leaders, civil-society and youth representatives, and global development partners will convene in Addis Ababa, Ethiopia’s vibrant capital and the seat of the African Union, for the Second Africa Climate Summit (ACS2). This is not a symbolic gathering. It is a declaration of intent by Africa, an opportunity to unleash a wave of high-return investment, and a potential turning point in how the world confronts the climate crisis. Africa is on the frontline of a socially and economically corrosive global environmental catastrophe. Droughts and floods are disrupting agriculture and displacing millions of people across the continent. According to the African Development Bank, climate change is reducing Africa’s GDP growth by 5-15 percent each year – losses that mean millions fewer jobs and less investment in critical infrastructure. But while Africa is a poster child for climate vulnerability, it is also a model of climate possibility, boasting vast renewable resources, rich biodiversity, rapidWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times