2022AM

Africa contributes less than 4% of greenhouse gas emissions but suffers disproportionately from its consequences; with droughts and floods destroying already low infrastructure levels and causing $7-15 billion in annual losses, which could rise to $50 billion a year by 2040. Yet Africa receives only 3% of global climate financing (AfDB, 2021). Meanwhile, ILO estimates on the just transition to green growth indicate that with the right policies in place, the job creation opportunities associated with the green economy could generate a net of 24 million decent green jobs (ILO, 2018).