This bank is turning Africa into a climate investment opportunity
Description
Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, the sum could reach $50 billion by 2030. But African Development Bank President Akinwumi Adesina sees a way forward. He describes the financial instruments the bank is using to encourage investors to fund green development projects across the continent. Adesina talks about making climate investments more attractive globally, and unpacks the projects the bank is already funding – from solar panels in the Sahel to a hydroelectric dam in Mozambique.
Explore further:
- Past episode with Avinash Persaud on simplifying the complexities of climate finance
- Past episode exploring how Brookfield Asset Management is making renewables profitable all around the world
- Past episode discussing how to get big money to invest in projects that help people adapt to a world that's already hotter than ever before
Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Magnus Henriksen, and Oscar Boyd. Special thanks this week to Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
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