“It is important for the private sector to engage in adapting to climate risks because financial impacts related to floods, storms, coastal erosion, and other weather-related disasters have risen steadily due to climate change. The degree to which the private sector will engage depends on numerous factors including the level of awareness on the impacts of climate change and the risk to businesses,” he said. “As you may know, climate change is not only an environmental issue but rather a developmental issue. “There is an urgent need for us to take immediate action and your source of electricity is very pivotal in contributing to climate change. Private sector stakeholders at the workshop have set up a private sector working group on climate change adaptation to remain engaged with the EPA , National Investment Commision, Ministry of Finance & Development Planning and other actors in fostering access to private sector financing and public private partnerships to fund climate change adaptation initiatives in Liberia.

Source: Front Page Africa October 05, 2020 07:07 UTC