AfricaU.S. To Provide $5 Million Grant To AfDB

U.S. To Provide $5 Million Grant To AfDB


- Advertisment -spot_img

Dakar, Senegal – In a bid to support efforts to reduce methane gas emissions across Africa, The U.S. government says it will provide a $5 million grant to the African Development Bank (AfDB).

U.S. special presidential envoy for climate, John Kerry, announced this at a breakfast event on the sideline of the ongoing 18th African Ministerial Conference on the Environment (AMCEN) in Dakar, Senegal.


This is according to a statement from AfDB on Thursday. The conference, which began on Monday, and will end today (Friday), has as its theme “Securing People’s Well-being and Ensuring Environmental Sustainability in Africa.”

According to the statement, methane accounts for about half of the net rise in global average temperature since the pre-industrial era.

Mr Kerry said more than 25 countries on the continent had joined the Global Methane Pledge, “a resounding level of support for the importance of methane in keeping 1.5 degrees within reach.”

Read Also: Hindus File Lawsuit For Right To Use Mosque For Prayers

“I am very pleased that AfDB is responding to the increased global attention on methane emissions and is planning to increase their own focus on methane abatement in coming years,” he added.

The Global Methane pledge, inaugurated during COP26, targets reducing methane emissions by at least 30 per cent from 2020 levels over the next seven years.

Welcoming the contributions, AfDB Vice President for Power, Energy, Climate and Green Growth, Kevin Kariuki, said the bank planned to create activities within the Africa Climate Change Fund (ACCF) to support methane reduction.

“With the support of the U.S. government and other donors and non-state actors, we intend to create a dedicated pillar of activities within our Africa Climate Change Fund,” stated Mr Kariuki. “To support methane abatement, including working with countries to include methane in their Nationally Defined Contributions and develop pipelines of methane abatement projects for further investment.”

He added, “This will provide an excellent foundation for increased focus on methane emissions.”

Read Also: Man Bagged 21 Years For Defiling Daughter

The AfDB will release a methane baseline report covering waste and energy sector methane emissions across Africa at the forthcoming COP27 in Sharm El Sheikh, Egypt.

The grant, subject to the completion of U.S. domestic procedures and approvals, would go to the multi-donor ACCF, which the bank manages.

The fund supports various activities covering climate resilience and low-carbon growth. Additional funding was also promised by the Climate and Clean Air Coalition (CCAC) and the Global Methane Hub to tackle methane emissions in African countries.

The Global Methane Hub would contribute five million dollars over the next three years. The hub funds methane mitigation efforts. The coalition, a voluntary partnership of governments, intergovernmental organisations, businesses, and research institutions, would provide $1.2 million.

The five-day 18th Session of AMCEN ends on Friday and is organised by the United Nations Environment Programme. It provides African environment ministers a forum to offer policy guidance that will strengthen Africa’s voice at COP27.

The ACCF was established in April 2014 to support African countries in building their resilience to the negative impacts of climate change and in transitioning to sustainable low-carbon growth. (NAN)

Connect Newswebbs on Twitter, Facebook and LinkedIn

New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.


Please enter your comment!
Please enter your name here

Latest news

Rite Foods Launches Powerful New Sausage AD Campaign

Lagos, Nigeria - Rite Sausage Rolls, for 16 years, have been a staple in the lives of Nigerians, providing...

Police Nab 29-year-old Man Over Girlfriend’s Death

Abeokuta, Nigeria - A 29-year-old man, identified as Jamiu Salihu has been arrested by the operatives of Ogun State...

Nigerian Troops Uncovers Over 40 Oil Wells In Rivers States

Rivers State, Nigeria - In a latest fight against oil theft, Troops of the Nigerian Army 6 Division, Port...

Ghana Passes Bill Against Identifying As LGBTQ+

The highly contentious Anti-LGBTQ+ bill has been passed by Ghana’s parliament after about three years of continued deliberations. As reported by...
- Advertisement -spot_imgspot_img

NIES 2024: TotalEnergies Wins Best Upstream Company Award

FCT, Nigeria - TotalEnergies has been rated the Upstream Company of the Year (2023) at the ongoing Nigeria International...

IA-Foundation Holds 5th Annual Fundraising Event For Out-Of-School Children

Lagos, Nigeria - The IA-Foundation, an international charity trust dedicated to transforming lives through education in Nigeria and Africa,...

Must read

IA-Foundation Holds 5th Annual Fundraising Event For Out-Of-School Children

Lagos, Nigeria - The IA-Foundation, an international charity trust...

South Africa, Cote d’Ivoire, Other Embassies Owing $5.3M Ground Rents In Abuja

Abuja, Nigeria - Foreign embassies and high commissions owed...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you