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The African continent produces less than 3% of the world’s greenhouse gas emissions, yet it is already bearing the brunt of the climate crisis, including floods, droughts,and unpredictable rainfall. But the continent faces a hefty bill to prepare itself for a hotter future.
At COP26 in 2021, African leaders estimated they would need USD 1.3 trillion over the next 20 years to deal with climate-related challenges. Initiatives like the Loss and Damage Fund were established to bolster climate resilience. This session will discuss sovereign priorities in terms of how these investments will be distributed.