Platform for African – European Partnership in Agricultural Research for Development

Sunday, February 25, 2024

AU-FAO High-Level Side Event on Climate Finance for Agriculture and Food Security

16 February 2023. AU-FAO High-Level Side Event on Climate Finance for Agriculture and Food
Security
  - Side event at the 37th Ordinary Session of the AU Assembly (Heads of State and Government Session)  17 - 18 February 2023. 

Low global ambitions and lack of decisions on means of implementation leave African countries that are most vulnerable to climate change at unprecedented risk. 

Africa is projected to need between USD 290 billion to USD 440 billion from 2020 to 2030 to address loss and damage, underscoring a substantial disparity between promised commitments and the practical funding requirements. 

Despite sub-Saharan Africa being the largest recipient of climate-related development finance in the region in 2021, a recent FAO report shows that the current share of climate-related development finance is inadequate to support the necessary agrifood system transformation. Overall, contributions to agrifood systems plummeted to US$19 billion in 2021, marking a 12 percent decrease from 2020.

With this in perspective, African leaders and relevant stakeholders deliberated and made a call for action on key financial avenues, as well as policy, innovation and knowledge interventions that would enhance climate resilience and adaptation in agrifood systems in Africa.

Agrifood system transformation in Africa, which takes into consideration climate change, and is aimed at adapting to it, is anchored in the Comprehensive Africa Agriculture Development Programme (CAADP) as reinforced in the Malabo Commitments. The Malabo Commitments, however, have an end period of 2025, merely two years away. The African Union Specialized Technical Committee on Agriculture, Rural Development, Water and Environment has agreed on a road map for the post-Malabo process. The side event served as an opportunity to launch the structures for elaborating the post-Malabo framework.
"The cost of climate adaptation measures in Africa amounts to approximately USD 15 billion - a fraction of the potential costs associated with inaction, which could soar to over USD 201 billion, equivalent to 12% of GDP, by 2050" @JosefaSacko 
18 February 2024 African Union high-level round table: Addressing Malnutrition, Catalysing Africa’s
Transformation through Enhanced Multi-sectoral Investments”
  - Side event at the 37th Ordinary Session of the AU Assembly (Heads of State and Government Session)  17 - 18 February 2023. 

Ministers, development partners and other speakers reviewed the progress made toward achieving nutrition targets for the Comprehensive Africa Agricultural Development Programme-CAADP, the Malabo Declaration, the World Health Assembly, and the United Nations Sustainable Development Goals through sustained and increased investment in nutrition.

No comments:

Post a Comment