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Writing on the wall says that the imminent climate change crisis is going to reduce Africa’s gross domestic product (GDP) by up to 15% between now and 2050. To address this, the African Development Bank (AfDB) will be working with the Korean Environmental Industry and Technology Institute (KEITTI) to promote technological solutions, particularly to prevent natural disasters.
Writing on the wall says that the imminent climate change crisis is going to reduce Africa’s gross domestic product (GDP) by up to 15% between now and 2050. To address this, the African Development Bank (AfDB) will be working with the Korean Environmental Industry and Technology Institute (KEITTI) to promote technological solutions, particularly to prevent natural disasters. Climate technologies are growing popular with public and private institutions around the world. These solutions are based on artificial intelligence (AI) and the Internet of Things (IoT), which is effective in mitigating and adapting to climate change. The Korean Environmental Industry and Technology Institute (KEITI) and the African Development Bank (AfDB) are joining forces to ensure that these tools are more widely adopted.
The recently signed “technical assistance” agreement aims to support increased investment in low-carbon dioxide (CO2) technologies in several African countries that are suffering the effects of climate change, particularly droughts and floods. In concrete terms, Keiti engineers based in Seoul will share their experience in the design and use of digital technology with African peers, particularly for the implementation of projects on the circular economy, agriculture, and energy.
AfDB which is based in Abidjan, Ivory Coast, will also have to encourage start-ups that are already making their mark in climate technologies. This is the case of the Kenyan start-up Amini, which has been awarded $2 million in the first half of 2023 to deploy a “constellation of satellites”. Its project, backed by the European Space Agency (ESA) based in Paris, France, will provide data on drought, floods, soil, and crop health to farmers and government agencies.
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Ensuring energy and food security is crucial to Africa’s sustainable development and requires significant investment in technology development, increased financial flows, and strategic partnerships, explains Kevin Kariuki, the AfDB’s Vice President in charge of Power, Energy, Climate Change, and Green Growth.
