- Oil-rich UAE will provide $4.5 billion, drawing contributions from both the public and private sectors.
- In Nairobi, the US has pledged an annual commitment of $3 billion to bolster climate adaptation initiatives.
- The European Commission unveiled a €1 billion ($1.07 billion) fund designed to de-risk green bonds and attract private investments in emerging markets.
The US and the United Arab Emirates (UAE) have stepped up their support for Africa’s climate action efforts with multi-billion-dollar pledges during the inaugural Africa Climate Summit in Nairobi.
The commitments come at a crucial time as Africa grapples with the severe impacts of industrial pollution, with 17 out of the 20 worst-affected countries calling the continent home.
US Unveils PREPARE: $3 Billion Annual Commitment
John Kerry, US Climate Envoy, unveiled President Joe Biden’s Emergency Plan for Adaptation and Resilience (PREPARE), signaling Washington’s strong commitment to climate adaptation across countries. Under PREPARE, the US has pledged …
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