Africa’s $15 Billion Annual Loss Due to Climate Change: Insights from the Abia Commissioner

Admin

Africa’s  Billion Annual Loss Due to Climate Change: Insights from the Abia Commissioner

By George Onyejiuwa, Owerri

Recently, Prof. Joel Ogbonna, the Abia State Commissioner for Petroleum and Mineral Resources, highlighted the severe impact of climate change on Africa. Despite contributing just 3.8% to global emissions, the continent faces staggering financial losses ranging between $7 to $15 billion each year. This figure could escalate to $50 billion by 2040 if action isn’t taken.

Ogbonna shared these insights during a keynote speech at the second ICPES international conference at the Federal University of Technology Owerri. The conference focused on “Procurement, Environmental, and Social Standards: Achieving Sustainable and Resilient Livelihoods in the Face of Climate Change.” He emphasized the urgent need for Africa to rethink resource management and business practices to tackle the climate crisis effectively.

“This forum is vital for sharing innovative research, best practices, and real-world solutions to the climate challenges we face,” Ogbonna stated. He stressed that improved climate financing and the adoption of cutting-edge technologies are essential for Nigeria and Africa.

Prof. Nnenna Oti, the Vice Chancellor of FUTO, complemented Ogbonna’s remarks by underscoring the role universities play in generating knowledge and fostering discussions that can change the future. He described the conference as a vital call to action for redefining procurement and social standards in today’s fast-changing environment.

Prof. Gloria Chukwudebe, a director at the conference, and Prof. C.O. Nwoko, the Chairman of the Planning Committee, echoed these sentiments. They noted that climate change is no longer just a distant threat; it is actively reshaping economies, communities, and ecosystems today.

Interestingly, a recent survey found that 63% of people in African nations are deeply concerned about climate change, reflecting a growing awareness of its immediate impacts. This concern is matched by a desire for actionable solutions, suggesting that there is an urgent need for collaborative efforts among governments, businesses, and communities.

As we move forward, it’s clear that addressing climate change in Africa requires a multifaceted approach—combining innovation, education, and community involvement to forge a sustainable future.

For more insights on climate change and its effects, you can refer to [the United Nations Environment Programme](https://www.unep.org/resources).



Source link

the sun, sun newspaper, nigerian news, politics, entertainment, business, politics, 2023 Governorship Election