Fight on climate change gets Sh2b : The Standard - News Summed Up

Fight on climate change gets Sh2b : The Standard


Fight on climate change gets Sh2bThe World Bank and the African Development Bank (AfDB) have pledged $22.5 million (Sh2.25 billion) to tackle climate change in Africa over the next five years.The funding announced at last week’s United Nations Environment Assembly (UNEA-4) summit in Nairobi, is expected to help African countries, including Kenya, slow down the negative effects of climate change and pollution. The bulk of the funds will be used for wildlife conservation, the war against poaching, environmental protection, forests’ conservations as well as climate change adaptations and mitigation campaigns in Africa and Kenya. SEE ALSO :Tackling widening rich-poverty gap“We have increased funding for Africa because it is the hardest hit by the effects of climate change,” said World Bank Group President Kristalina Georgieva. The funding is part of the bank’s 2025 project under the banner Target to Step Up Climate Change Action. Earlier this year, the World Bank said it had set aside $50 billion (Sh5 trillion) to tackle challenges posed by climate change around the world over the next five years.


Source: Standard Digital March 17, 2019 21:04 UTC



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