Experts say climate vulnerable African nations need at least $1.3 trillion on annual basis if they are keep its fossil fuel in the ground and address energy poverty.
Farmers who continue to grapple with high cost of farm inputs such as fertilizer, pesticides and seeds resort to reducing planted acreage, definitely contributing to the shortage of food supplies on the markets.
Recent studies point to escalation of droughts, floods, extreme storms or wildfires, among others that threaten food security and livelihoods of millions of people across resource-poor countries.
So far, key Pan-African conservation organisations spearheading the scheme say it’s too early to determine when the governance structure, capitalization and disbursement modalities for A-PACT will be deliberated and agreed upon by concerned parties
Conservationists are pushing for the establishment of the fund say at least $200 billion is needed to meet routine costs of conserving estates across the 54 countries.
Some $2 billion to $3 billion is what is urgently needed annually to allow the fund to kickstart and support the protected and conserved areas on the continent.
