Africa loses up to 15% of GDP per capita due to climate change: AfDB – Egypt Today

Africa loses up to 15% of GDP per capita due to climate change: AfDB – Egypt Today

CAIRO - 31 July 2022: Africa has been losing 5 percent to 15 percent of GDP per capita due to climate change, according to the African Development Bank’s (AfDB) Acting Chief Economist and Vice President Kevin Urama.

Urama referred to difficulties which the black continent encounters such as opportunities for innovation.

This came during an event to discuss the AfDB’s African Economic Outlook 2022 hosted by the Atlantic Council, with shedding light on the highest priority attention that Africa deserves to attract during the United Nations climate conference, COP 27 to be held in November 2022.

The 27th session of the Conference of the Parties (COP 27) to the UNFCCC will be held from 6 to 18 November 2022 in Sharm El Sheikh, Egypt.

"As we prepare for COP 27, honoring the 2009 $100 billion yearly climate finance commitment that high-income countries promised to developing countries will help to restore confidence that we are serious about climate change, even though it is not enough,” Urama stated.

A team from the African Development Bank Group, led by Urama, is in Washington D.C. to present the African Economic Outlook 2022, a flagship publication of the Bank, to international thought leaders and other targeted bodies.

The AfDB’s report came