The African Development Bank and the Korea Environmental Industry and Technology Institute (KEITTI) have signed a joint technical assistance agreement to enable the scale up of investment in low-carbon and climate-resilient technologies. This will ultimately support climate change mitigation and adaptation efforts in many African countries.
African Development Bank Vice President for Power, Energy, Climate Change and Green Growth, Dr. Kevin Kariuki, who signed the agreement, said the Bank and KEITI were glad to enter the agreement, which would deploy climate change technologies to many African countries.
He said the priority areas within the agreement were in line with the 2023 KOAFEC Ministerial Conference, which focused on agriculture and energy.
Africa is home to nine of the 10 most climate-vulnerable countries in the world. While it accounts for only 4% of global carbon emissions, Africa remains the most vulnerable continent to the adverse effects of climate change.
The African Development Bank is spearheading efforts to support climate-resilient and low-carbon development in Africa. The Bank is doing this through investments that support the achievement of the goals of the Paris Agreement.
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