Three international institutions have announced an African Package for climate-resilient ocean economies at the ongoing COP22 in Marrakech. They are the Food and Agriculture Organisation (FAO), World Bank and African Development Bank. The package, which is in the form of technical and financial assistance, is to mobilise $500-900 million and implement programmes linked to climate change adaptation and mitigation over the period of 2017-2020.

The initiative is to support ocean economies in Africa and build greater resilience of coastal areas to climate change based on the countries’ specific priorities and objectives.  This was made known at a special Oceans Action Event which brought together high-level participants from around the world to advance oceans and climate change issues and to pledge concrete actions in support of the objectives of Sustainable Development Goal 14, which is to conserve and use the oceans, seas and marine resources sustainably.

Read More