Government, United Nations and business leaders gather for the first-ever global summit to focus exclusively on accelerating climate adaptation in Africa.
Africa Adaptation Summit
Rotterdam, Netherlands, 23 August 2022 (GLOBE NEWSWIRE) — WHICH: Africa Adaptation Summit 2022
WHEN: 5º September 2022 from 10:00 CET to 17:00 CEST
SCHEDULE: 10:00 – 11:00 CEST – Opening Ceremony
11:00 – 13:00 CEST – Roundtable of Leaders
14:00 – 15:00 CEST – Press Conference
15:00 – 17:00 CEST – Presidential Dialogue
WHERE: In the world’s largest floating office at the Global Adaptation Center, Antoine Platekade 1006, 3072 ME Rotterdam
REGISTRATION: Please complete this form to apply to attend the Summit.
Rotterdam, Netherlands, 19 August 2022 – With two months to go until the next global climate summit (COP27) in Sharm el-Sheikh, Egypt, heads of state and government and global leaders will gather in Rotterdam, Netherlands, for the Africa Adaptation Summit.
The Global Adaptation Center is hosting the summit in collaboration with the African Union, the African Development Bank, the International Monetary Fund, the Africa Adaptation Initiative and the Climate Vulnerability Forum.
Summit is expected to garner further support and resources for the region’s flagship Africa Adaptation Acceleration Program. The program is realizing the vision of the Adaptation to Africa Initiative by mobilizing $25 billion in investments by 2025 for climate adaptation in food security, resilient infrastructure, adaptation jobs and climate finance.
Heads of State and Government from Africa include President Macky Sall of Senegal and the President of the African Union; and outgoing President of Kenya and Global Champion of the Accelerated Africa Adaptation Program (AAAP), Uhuru Kenyatta. Others are: President Sahle-Work Zewde of Ethiopia; President Nana Akufo-Addo of Ghana and Chairperson of the Climate Vulnerability Forum; President Ali Bongo Ondimba of Gabon and President of the Africa Adaptation Initiative; President Félix Tshisekedi of the Democratic Republic of Congo and President Hakainde Hichilema of Zambia.
Guest Heads of State and Government from Europe expected to speak at the summit include Prime Minister Mark Rutte of the Netherlands; President Emmanuel Macron of France; Prime Minister Metter Frederiksen of Denmark; Prime Minister Sanna Marin of Finland and Prime Minister Jonas Gahr Støre of Norway. Prime Minister Justin Trudeau of Canada is also expected to speak.
Global leaders expected to speak include United Nations Deputy Secretary-General Amina J. Mohammed; the Chairperson of the African Union Commission, Moussa Faki; Kristalina Georgieva, managing director of the International Monetary Fund; Director General of the World Trade Organization, Ngozi Okonjo-Iweala; COP26 President Alok Sharma; the Executive Vice-President of the European Commission, Frans Timmermans; the President of the European Investment Bank, Werner Hoyer; Executive Director of the Global Center for Adaptation, Patrick Verkooijen; Chairperson of the African Development Bank Group, Akinwumi Adesina; and the 8º United Nations Secretary-General and President of the Global Center for Adaptation, Ban Ki-moon.
Africa’s vulnerability to climate change continues to increase as the gap between available funding for climate adaptation and need widens. The latest report by the Climate Policy Initiative and the Global Center on Adaptation reveals that Nationally Determined Contributions (NDCs) from 51 African countries cumulatively show the need for an estimated investment of US$579 billion for adaptation by 2030. 11.4 billion in tracked adaptation funding for Africa on average annually in 2019-20. If this trend continues through 2030, cumulative adaptation funding through 2030 will be $125.4 billion, less than a quarter of the estimated needs stated in the NDCs.
AAAP funding is mobilized through upstream and downstream funding facilities endorsed by the African Union. The Upstream Financing Facility — managed by the Global Adaptation Center — is targeting a capitalization of $250 million to attract billions of dollars in investment in proven adaptation strategies. The objective of this fund is to strengthen the adaptation and resilience components of projects that need support from multilateral development banks and other development finance institutions. The African Development Bank manages the downstream financing mechanism through the climate reserve in the 16thº replenishment of the African Development Fund, the Bank Group’s concessional lending arm. To date, this dual-funding strategy has enabled AAAP to rapidly deliver an impact at scale, integrating adaptation into projects worth more than $3 billion.
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Notes to editors
About the Global Adaptation Center
The Global Center on Adaptation (GCA) is an international organization that mediates solutions to accelerate action and support adaptation solutions – from international to local – in partnership with the public and private sectors. Founded in 2018, GCA operates from its headquarters in the world’s largest floating office located in Rotterdam, the Netherlands. GCA has a worldwide network of regional offices in Abidjan, Côte d’Ivoire; Dhaka, Bangladesh and Beijing, China.
About the Accelerated Adaptation to Africa Program (AAAP)
The Accelerated Africa Adaptation Program (AAAP) is the premier Africa-owned and led program for investments in climate adaptation. The African Development Bank and the Global Adaptation Center (GCA) developed the program in 2020 to mobilize US$25 billion by 2025. This is to implement, scale and accelerate climate adaptation across the African continent. AAAP works on four bold, interconnected pillars to achieve transformational outcomes: Climate-Smart Digital Technologies for Agriculture and Food Security; African Infrastructure Resilience Accelerator; Empowering Youth for Entrepreneurship and Job Creation in Adaptation and Climate Resilience and Innovative Finance Initiatives for Africa.
CONTACT: Alexandra Gee Global Center on Adaptation +447887804594 firstname.lastname@example.org