[Whitehouse.gov] Vice President Harris Announces Over $7 Billion in Private Sector and U.S. Government Commitments to Promote Climate Resilience, Adaptation, and Mitigation across Africa

In Lusaka, Zambia, in response to Vice President Kamala Harris’s call for the private sector to promote and enhance climate resilience, adaptation and mitigation across Africa, the private sector made over $7 billion in new commitments. Additionally, the U.S. Government is announcing new federal funding and initiatives to expand access to climate information services and enhance climate resilience and adaptation. These new investments and initiatives will generate significant economic benefits while addressing African nations’ pressing needs resulting from the climate crisis, including food security challenges, by helping to lift-up over 116 million farmers and promote climate-smart agriculture. These announcements demonstrate America’s commitment to partnering with African people and governments, alongside the private sector, to help the continent meet its climate adaptation and resilience, clean-energy access, and just energy transition goals.

African nations have historically contributed relatively little to the climate crisis but are disproportionally harmed by its impacts. The Biden-Harris Administration recognizes that to address the climate crisis in Africa, we must work together, building new coalitions between the U.S. government, African governments, civil society, and the private sector.

Supporting Farmers and Climate-Smart Agriculture

• Pula, an agricultural insurance and technology company, is responding to the President’s Emergency Plan for Adaptation and Resilience (PREPARE) Call to Action and has committed to increase their coverage to 100 million small holder farmers across sub-Saharan Africa by providing up to $20 billion in insurance coverage by 2026. The smallholder farmers pay $20 for $200 dollars of insurance coverage. Insuring previously uninsured farmers can generate a direct positive impact for farming households across Africa, helping to secure their livelihoods by protecting them against the risk of financial losses due to climate-related events.

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