The leaders of the Community of West African States (ECOWAS) in agreement with the European Union (EU) have agreed to plan to spend $294 billion (€278 billion) over the next 10 years to meet the challenges of climate change.
ECOWAS said the critical issue of climate change affects us all, therefore the response to it requires the participation of all. This Regional Climate Strategy is deemed a catalyst for action by all stakeholders.
The regional strategy to deal with global warming over the next 10 years was made on Friday.
The ECOWAS Commissioner for agriculture, environment, and water resources, Sekou Sangare said at a press briefing in Accra on Friday that “Between 2020 and 2030, we estimate (the necessary expenditure) to be about $294 billion,”
Regional Climate Strategy is the result of a collaborative process spanning over a year between institutions, the ECOWAS Member States within the sub region, technical and financial partners, and civil society organizations.
The Regional Climate Strategy contains sectoral objectives for adaptation – a priority issue for the region – and contribution to climate change mitigation by a multi-sectoral approach i.e. (transport, agriculture, energy, land use, water, health, etc.).
“The targets are set for 2030, in line with the deadline for Member States’ commitments under the Paris Climate Agreement, with a review planned for 2050, in a process of continuous improvement as stated in this Agreement.