Africa’s climate-related losses to hit $30b by 2030, warns expert

Africa is estimated to lose about $30 billion or 15% of its Gross Domestic Products (GDP) annually to climate change effect by 2030, an international financial expert said on Thursday.

In an address to participants from about 32 countries of the Association of African Development Finance Institutions (AADFI), Thabo Thamane warned that, besides the dire consequences that African nations may face if no action is taken against climate change, other parts of the world may also suffer.

Thamane urged for countries in Africa to keep working to build a smart climate future and for people to adopt more environmentally friendly behavior.