African leaders to set up Africa Green Fund

African leaders have launched the ‘Climate for Development in Africa Programme (ClimDev-Africa)’ and decided to set up an ‘Africa Green Fund’. The ClimDev-Africa Programme was launched by the African Development Bank, the African Union Commission (AUC) and the United Nations Economic Commission for Africa (UNECA) at the Seventh African Development Forum on October 13 in Addis Ababa. During a Copenhagen conference, Africa’s negotiators led by Ethiopia’s Prime Minister Meles Zenawi demanded that 40% of the proposed fund (USD 30 billion available by 2012) be allocated to Africa. Read more here.

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