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Africa needs about $675 billion by 2030 to achieve low-carbon sustainable growth; the current carbon market for mitigation is not sufficient to address this. The Clean Development Mechanism, the Reducing Emissions from Deforestation and Forest Degradation program, and the voluntary offset program are not fully utilized. Africa’s total ecological footprint is set to double by 2040. Ten African nations have pledged to include the economic value of natural resources in their national accounts. The regional focus will be on adaptation to climate change rather than mitigation
Price and weather-indexed insurance schemes will help Africa stabilize prices in domestic markets and help farmers adapt to climate change. Southern Africa could lose more than 30% of its maize crop by 2030 due to climate change. Sudan planted cotton for the first time in 2012, making it the fourth country in Africa to commercialize a biotech crop after South Africa, Burkina Faso and Egypt. Re-afforestation, saltwater agriculture along the coasts, and solar energy in the Sahara could be massive sources of sustainable growth. Mayors in Mali are now required to have couples plant trees as part of their marriage registration process.
Source: NOAA National Climatic Data Center with Millennium Project estimates