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For Africa, and more especially low-income countries (LICs), the urgency to address economic and non-economic loss and damage is imperative. Climatic hazards witnessed at global scale have demonstrated that regions with considerable development constraints have significant vulnerability to climate change impacts, with a substantial proportion of Africa’s population exposed to acute food insecurity and water scarcity, among other consequences.
With only 7 years remaining for meeting the ambition outlined in Agenda 2030, for developing economies on the African continent, the effects of climate change have notably impacted efforts by developing economies to meet sustainable development goals (SDGs).