According to the bank, the funding will be channelled into renewable energy, sustainable transport, climate-resilient agriculture, and other eco-friendly initiatives aimed at reducing carbon emissions and promoting environmental sustainability.
AfDB President Akinwumi Adesina said the move aligns with the bank’s climate action strategy and will help African nations transition to low-carbon economies while creating green jobs.
The initiative is expected to attract additional private sector investment and strengthen the continent’s capacity to meet global climate targets.
According to the AfDB, the initiative aims to cut carbon emissions, promote clean technologies, and support countries in meeting global climate commitments. About the Author
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