{"id":43343,"date":"2023-09-08T15:46:39","date_gmt":"2023-09-08T15:46:39","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance"},"modified":"2023-09-08T17:06:23","modified_gmt":"2023-09-08T17:06:23","slug":"liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance","title":{"rendered":"Liberia: AfDB Announces US$$1 Billion to Boost Access to Climate Finance"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Liberia. <\/strong><\/span>African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa\u2019s youth businesses.<\/p>\n<p>The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to submit innovative solutions and business ideas that have the potential to drive climate change adaptation and resilience across the continent.<\/p>\n<p>Adesina made the announcement during a <b>High-Level Intergenerational Dialogue: Africa Driving Climate Adaptation Solutions and Jobs,<\/b> held at the Wangari Maathai Institute of Peace and Environment on the outskirts of Nairobi. The institute, funded by the African Development Bank, was officially opened in 2022.<\/p>\n<p>Adesina was joined by the 8th Secretary General of the UN, Ban Ki Moon, Grac\u0327a Machel, Chair of the board of trustees of the Grac\u0327a Machel Trust(link is external) and the African Child Policy Forum(link is external), GCA\u2019s CEO Patrick Verkooijen, Kenya\u2019s Cabinet Secretary for Youth Affairs, the Arts and Sports Ababu Namwamba, Anne Beathe Tvinnereim, Norway\u2019s Minister of International Development, Kerrie Simmonds, Minister of Foreign Affairs for Barbados, as well as other dignitaries.<\/p>\n<p>Announcing the $1 billion-dollar additional funding, the Bank chief said African youths didn\u2019t want \u201clittle things being doled out to them\u201d. \u201cWe have no option but to invest in our youths,\u201d Adesina said.<\/p>\n<p>Over the past two years, YouthAdapt has provided more than $1.5 million to 33 young entrepreneurs across 19 African countries. Some have gone on to raise their profits by 200%.<\/p>\n<p>\u201cAfrica\u2019s youth are the present. It is their views and perspectives that are going to change the continent,\u201d Adesina said. \u201cFailing to invest in the youth will hurt Africa, failure is not an option.\u201d<\/p>\n<p>In his remarks, Ban told the youths that, as global citizens, they should not be held back by national boundaries. He urged them to hold their leaders accountable for the promises they make. \u201cChallenge your leaders today. Use your voting power to ensure climate adaptation and finance are a priority.\u201d<\/p>\n<p>Namwamba highlighted some of the initiatives the Kenyan government has launched to drive climate adaptation. \u201cWe are recruiting a one million youth Green Army as Climate Action Warriors to support President William Ruto\u2019s ambitious plan to plant 15 billion trees in 10 years.\u201d This, he said, would increase the country\u2019s forest cover from 12% to 30%.<\/p>\n<p>He noted Kenya was the first country to ratify the Sports for Climate Action Initiative under the United Nations Framework Convention on Climate Change. Under the initiative, sports organisations will be able to pursue climate action in a consistent and mutually supportive fashion through disseminating good practices, lessons learned and collaboration.<\/p>\n<p>The GCA\u2019s Verkooijen said that the choice before Africa was a stark one. \u201cAdapt or die.\u201d Still, he said that the need for adaptation offers opportunity. \u201cWe know that if we provide you with the right tools, the right finance, and give voice to the voiceless, you will be unstoppable.\u201d<\/p>\n<p>The event also featured the presentation of the Youth4Adaptation Communique\u0301, which urges global leaders to make room for the youth in decision making on climate adaptation and action. The communique, reflecting the climate adaptation aspirations of young people from 135 countries worldwide, also urges a scaling up of finance for adaptation with a target of doubling it by 2025.<\/p>\n<p>They expressed admiration at the late Professor Wangari Maathai\u2019s strong legacy of environmental conservation and social justice.<\/p>\n<p>The Wangari Maathai Institute is named in honor of the renowned environmentalist and Nobel laureate, the late Professor Wangari Maathai. She founded the Green Belt Movement and pursued a community-based approach to environmental conservation \u2013 working with young people and particularly women to plant trees.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/liberia\">Liberia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Liberia. African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa\u2019s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":43342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,244],"tags":[233,237,234],"class_list":["post-43343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Liberia: AfDB Announces US$$1 Billion to Boost Access to Climate Finance - Liberia<\/title>\n<meta name=\"description\" content=\"African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberia: AfDB Announces US$$1 Billion to Boost Access to Climate Finance\" \/>\n<meta property=\"og:description\" content=\"African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-08T15:46:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-08T17:06:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2023\/09\/sm_1694178193.145279.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Liberia: AfDB Announces US$$1 Billion to Boost Access to Climate Finance\",\"datePublished\":\"2023-09-08T15:46:39+00:00\",\"dateModified\":\"2023-09-08T17:06:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance\"},\"wordCount\":639,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2023\/09\/sm_1694178193.145279.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-afdb-announces-us1-billion-to-boost-access-to-climate-finance\",\"name\":\"Liberia: AfDB Announces US$$1 Billion to Boost Access to Climate Finance - 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