Climate change-related weather events and conditions are placing disproportionate burdens and risks on Africa. Such events as droughts, floods and cyclones are increasing, leading to massive population displacement and considerable economic losses.
African countries lose an average of 2 to 5% of their GDP each year due to extreme weather events. A significant portion, up to 9%, of some national budgets is dedicated to combating these phenomena.
The World Meteorological Organization estimates that the cost of adaptation could reach between $30 and $50 billion per year in the next decade in sub-Saharan Africa. This is equivalent to 2 to 3% of regional GDP.
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