Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, the sum could reach $50 billion by 2030. But African Development Bank President Akinwumi Adesina sees a way forward. He describes the financial instruments the bank is using to encourage investors to fund green development projects across the continent. Adesina talks about making climate investments more attractive globally, and unpacks the projects the bank is already funding – from solar panels in the Sahel to a hydroelectric dam in Mozambique. 

Explore further:
Past episode with Avinash Persaud on simplifying the complexities of climate finance
Past episode exploring how Brookfield Asset Management is making renewables profitable all around the world
Past episode discussing how to get big money to invest in projects that help people adapt to a world that's already hotter than ever before

Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Magnus Henriksen, and Oscar Boyd. Special thanks this week to Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, the sum could reach $50 billion by 2030. But African Development Bank President Akinwumi Adesina sees a way forward. He describes the financial instruments the bank is using to encourage investors to fund green development projects across the continent. Adesina talks about making climate investments more attractive globally, and unpacks the projects the bank is already funding – from solar panels in the Sahel to a hydroelectric dam in Mozambique. 
Explore further:
<ul>
<li>Past episode with Avinash Persaud on <a href="https://omny.fm/shows/zero/we-need-trillions-to-fix-the-climate-finally-there">simplifying the complexities of climate finance</a></li>
<li>Past episode exploring how Brookfield Asset Management is <a href="https://omny.fm/shows/zero/making-renewables-a-profitable-bet-everywhere">making renewables profitable all around the world</a></li>
<li>Past episode discussing how to get big money to invest in projects that h<a href="https://omny.fm/shows/zero/hey-nice-seawall-trillions-climate-adaptation">elp people adapt to a world that's already hotter than ever before</a></li>
</ul>
Zero is a production of Bloomberg Green. Our producers are Mythili Rao, Magnus Henriksen, and Oscar Boyd. Special thanks this week to Kira Bindrim. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

Zero: The Climate Race

Zero

This bank is turning Africa into a climate investment opportunity

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/11fc17f4-3291-4743-a205-b1630100468f/transcript

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