African Development Bank driving innovation to scale up climate adaptation
(From left) AfDB VP Kevin Kariuki, GCA Acting Africa Regional Director Charles Nhemachena, AfDB Director Anthony Nyong and AfDB Manager Gareth Phillips during a session on the Adaptation Benefits Mechanism Under the Adaptation Benefit Mechanism, development partners, consumers, funds and philanthropists will sign purchase agreements for Certified Adaptation Benefits. Innovative approaches and solutions will be critical to scale up adaptation efforts across the African continent. This includes the African Development Bank-supported Adaptation Benefit Mechanism (www.AfDB.org) and the Africa Adaptation Acceleration Program. The latter is a joint initiative between the Bank and the Global Center on Adaptation. This assertion was made clear in a panel discussion on May 26, hosted by the African Development Bank during its 2023 Annual Meetings in Sharm El Sheik, Egypt. The panel of experts highlighted Africa’s urgent need to implement measures to drive climate adaptation, while a...