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World Bank unveils $16b Climate Business Plan for Africa

THE World Bank Group has unveiled a new plan that calls for $16 billion in funding to help African people and countries adapt to climate change and build up the continent’s resilience to climate shocks.

Titled “Accelerating Climate-Resilient and Low-Carbon Development,” the Africa Climate Business Plan, in a statement tracked from Online Media Briefing Centre (OMBC), will be presented at COP21, the global climate talks in Paris, on November 30.‬

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The plan lays out measures to boost the resilience of the continent’s assets – its people, land, water, and cities – as well as other moves including boosting renewable energy and strengthening early warning systems.

“Sub-Saharan Africa is highly vulnerable to climate shocks, and our research shows that could have far-ranging impact on everything from child stunting and malaria to food price increases and droughts,” said World Bank Group President Jim Yong Kim.

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