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Remarks by Dr. Akinwumi A. Adesina President, African Development Bank Group at the Signing Ceremony for the Alliance on Green Infrastructure in Africa COP 28, UAE 2 December 2023

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, development and emerging economies, growth, investment and productivity

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· Akinwumi Adesina Wiki · African Development Bank Group WikiRemarks by Dr. Akinwumi A. Adesina President, African Development Bank Group at the Signing Ceremony for the Alliance on Green Infrastructure in Africa COP 28, UAE 2 December 2023

ContextRemarks at COP28 in Dubai at the signing of the Alliance for Green Infrastructure in Africa; the African Development Bank finances Africa's development and needs capital for green projects.

Why it mattersA new partnership aims to fund early-stage preparation of low-carbon projects, where capital is scarcest.

Problems raised
  1. Africa's infrastructure financing gap is huge.
  2. The net-zero transition needs new infrastructure.
  3. Private investment is insufficient.
Solutions proposed
  1. Create an alliance on green infrastructure.
  2. Mobilise capital for project preparation.
  3. Close the infrastructure gap sustainably.
Read full speech on afdb.org ↗

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