Climate Change

ABIDJAN, Ivory Coast, December 20, 2022/ — 91% of Ivorian respondents believe that climate change is already affecting their everyday life. 63% of respondents believe that climate change and environmental damage have affected their income or source of livelihood. 77% of Ivorian respondents say investing in renewable energy should be prioritised.

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These are some of the key findings from the first African edition [i] of the European Investment Bank’s (EIB’s) 2022 Climate Survey. The EIB is the lending arm of the European Union and the world’s largest multilateral lender for climate action projects. Since 2018, the EIB has conducted similar large-scale climate surveys across Europe, China, and the United States.

The results of the survey come at a critical moment for Africa, after COP 27 where the mobilization of resources for the mitigation of global warming and the adaptation to its effects were at the heart of the debates with the decisive agreement reached on a new “loss and damage” fund for vulnerable countries hard hit by climatic disasters.

“We are aware that the climate change challenge is a great one. In Côte d’Ivoire, we are experiencing a strong decline in forest cover. From 16 million hectares in 1900, we are today at approximately 3 million hectares of forests. It will therefore be for us to go from 3 million to 6 million hectares of forests by 2030. We remain convinced that with our determination in solidarity and our dedication in synergy of actions, we will succeed to build a green, ecological and prosperous Côte d’Ivoire. Let’s all get involved now because tomorrow will be too late! declared Mr. Laurent TCHAGBA, Minister of Water and Forests of Côte d’Ivoire.

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“The results of the 2022 edition of the EIB’s climate survey show that the majority of respondents in Côte d’Ivoire are already facing the effects of climate change on their daily lives and sources of income. To tackle the climate challenge, the EIB is committed in Côte d’Ivoire to mitigating the consequences of climate change, developing resilient and sustainable infrastructure in the country, including the supply of drinking water, energy-efficient public lighting and the modernization of the electricity network. The development of renewable energies is also at the heart of our objectives”, said Ambroise Fayolle, vice-president of the EIB.

Climate change and environmental degradation

The survey results confirm that climate change has negatively affected the livelihoods of Ivorian people, with 63% stating that their income has been affected. These losses are typically due to severe drought, rising sea levels or coastal erosion, or extreme weather events such as floods or hurricanes.

43% of Ivorians (vs. the African average of 57%) say they or people they know have already taken some form of action to adapt to the impact of climate change. Some of these initiatives include investments in water-saving technologies to reduce the impact of drought and drain clearing in advance of flooding.

Meanwhile, 43% of Ivorian respondents say that climate change is one of the biggest challenges people in their country are currently facing, alongside other major challenges such as inflation or access to affordable housing.

Investment in energy sources

When asked about the sources of energy their country should invest in as a priority, 77% of Ivorian respondents (close to the African average of 76%) say renewable energy should be prioritised, far ahead of fossil fuels (17%).

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The EIB has operated in Africa since 1965. Since then, it has invested €59 billion in 52 African countries, supporting infrastructure projects, innovative firms and renewable energy schemes, in the public sector and private companies, from microenterprises to the largest multinationals. Africa needs several hundred billion euros a year of investments to address the challenge of climate change.

[i] Covering Angola, Cameroon, Côte d’Ivoire, Egypt, Jordan, Kenya, Morocco, Senegal, South Africa and Tunisia.

About the EIB Climate Survey:
Conducted in partnership with the market research firm BVA, the first African edition of the EIB Climate Survey aims to inform the broader debate on attitudes and expectations in terms of climate action.

More than 6 000 respondents – including 1 000 Kenyans – aged 15 and over from 10 African countries participated in the survey between 1 and 25 August 2022, with a representative panel for each of the countries polled.

More findings from the first African edition of the EIB Climate Survey: https://bit.ly/3YDrSN2

About the European Investment Bank:
The European Investment Bank (EIB) is the long-term lending institution of the European Union and is owned by the EU Member States. The EIB Group has adopted a Climate Bank Roadmap (https://bit.ly/3VbHjcT) to deliver on its ambitious agenda to support €1 trillion of climate action and environmental sustainability investments in the decade before 2030 and to dedicate more than 50% of EIB funding to climate action and environmental sustainability by 2025. As part of the roadmap, all new EIB Group operations have been aligned with the goals and principles of the Paris Agreement since the start of 2021.

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EIB Global (https://bit.ly/3AMfXRX) is the EIB Group’s new specialised arm dedicated to increasing the impact of international partnerships and development finance. EIB Global is designed to foster strong, focused partnerships within Team Europe (https://bit.ly/3qhWSC0), alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to local people, companies, and institutions through its offices across the world (https://bit.ly/3ASvr6H).

AMA GHANA is not responsible for the reportage or opinions of contributors published on the website.

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