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Global Leaders Call: No Success at COP26 without a fair deal for Africa

Nairobi, Kenya, Oct. 26, 2021 (GLOBE NEWSWIRE) — Global leaders, hosted by President Uhuru Kenyatta, spoke at the launch of the Global Center on Adaptation (GCA) "State and Trends in Adaptation in Africa Report 2021 "" How Adaptation Can Make Africa Safer, Greener and More Prosperous in a Warming World" (STA21) to call for COP26 and development partners to increase resources to the Africa Adaptation Acceleration Program (AAAP).

STA21 presents a blueprint for climate adaptation and showcases the opportunities climate adaptation offers to solve previously intractable problems and put Africa on a more resilient pathway towards "green growth".

The report outlines the financial and macro–economic risk climate change poses to Africa and the imperative for the continent to scale up adaptation to reduce the economic costs of climate change. Without adaptation action, projections estimate that climate change will lead to an equivalent of 2 percent to 4 percent annual loss in GDP in the continent by 2040, with the poor, women, and excluded populations bearing the brunt of the impact. Yet the GCA report shows that the benefits of adaptation measures are frequently more than twice or as much as five times or greater than their costs. In addition, moving quickly to adapt is especially beneficial, with a benefit–cost ratio for early action of at least 12 to 1.

Speaking during the launch event, Ban Ki–moon, 8th Secretary General of the United Nations, Chair of the GCA said:

"The climate emergency has Africa at the cross–roads. Business as usual is a sure–fire route to chaos. But adapt to it and Africa will thrive."

Secretary–General Ban Ki–moon also spoke in support of the African–led and African–owned Africa Adaptation Acceleration Program, as a pathway to mobilizing the balance of the promised $100 billion in annual international climate finance. He highlighted AAAP as an important opportunity to realize a resilient and prosperous future for Africa.

Patrick Verkooijen, in his inaugural annual lecture as GCA CEO, commented:

"Africa will suffer higher GDP losses than most other regions of the world. These impacts can only be reduced with adaptation. Thousands of lives and millions of livelihoods have already been sacrificed in Africa because we are far from delivering what is needed in adaptation today. For COP26 to succeed, Glasgow must deliver for Africa. To do so, it must bring more ambition and more finance to help Africa adapt to the pace of a climate emergency devastating the continent with increasingly serious consequences for the world's poorest and most vulnerable."

Dr Akinwumi Adesina, President of the African Development Bank Group said:

"AAAP provides a unique opportunity for wealthier nations to meet their commitments and help Africa tackle the consequences of climate change. I am optimistic that our partners will deliver the first round of financing of $6 billion to $8 billion that we need for the Africa Adaptation Acceleration Program in 2021."

Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) spoke about the importance of finance for adaptation:

"Key to success in adaptation and resilience "" like so many other issues related to climate change "" is adequate finance. At COP26 we will continue to call for wider–ranging and comprehensive financial support for developing nations. The $100 billion pledge was a commitment that was made in the UNFCCC process more than 10 years ago. It's time to deliver."

Kristalina Georgieva, Managing Director, Managing Director, International Monetary Fund said:

"Effects of climate change in Africa threaten lives, jobs, and the substantial economic and development progress of the past two decades. As the GCA State and Trends in Adaptation report rightly says, adaptation is a necessity and must go hand–in–hand with reducing poverty and improving livelihoods. African countries need to do their part and have created the Africa Adaptation Acceleration Program but cannot do it alone. Along with bold action to reduce emissions at COP26, the international community must deliver on its commitment to provide at least $100 billion a year in climate finance for developing countries where financial flows for adaptation must be on a par with financial flows for mitigation. This is essential for securing a sustainable global recovery."

Uhuru Kenyatta, President of Kenya said:

"This program, in principle, aims to scale up and accelerate adaptation here in Africa by providing financial and technical support to African adaptation efforts. This initiative greatly paves the way for the continent to manage its climate related challenges. It is important to appreciate that effective climate adaptation will require a paradigm shift that harnesses the full potential of science and innovation."

Ngozi Okongo–Iweala, Director–General, World Trade Organization said:

"Ensuring that supply chains are resilient can be a key component of Africa's adaptation strategies. This will require significant efforts to climate–proof key trade–related infrastructure. Initiatives like the WTO's Aid for Trade can help mobilize investment in climate–resilient infrastructure.

Felix Tshisekedi, President of the Democratic Republic of Congo and Chair of the African Union said:

"Climate change could wipe out 15 per cent of Africa's gross domestic product by 2030. This means an additional 100m people in extreme poverty by the end of the decade. This is a cruel fate for a continent that contributes so little to global warming. Our way out is to strengthen our ability to respond and adapt to climate change. That's why the African Union, working with the Global Center on Adaptation, the African Development Bank and other partners, is endorsing the Africa Adaptation Acceleration Program."

Notes to Editors:

About the Global Center on Adaptation

The Global Center on Adaptation (GCA) is an international organization which works as a solutions broker to accelerate action and support for adaptation solutions, from the international to the local, in partnership with the public and private sector, to ensure we learn from each other and work together for a climate resilient future. Founded in 2018, the GCA is hosted by the Netherlands, working from its headquarters in Rotterdam with a knowledge and research hub based in Groningen. The GCA has a worldwide network of regional offices in Abidjan, Ivory Coast; Dhaka, Bangladesh and Beijing, China. Through this evolving network of offices and global and regional GCA teams, the organization engages in high–level policy activities, new research contributions, communications, and technical assistance to governments and the private sector.

For more information please go to www.gca.org

About the Africa Adaptation Acceleration Program

As the global solutions broker on adaptation and resilience, the Global Center on Adaptation (GCA) has joined forces with the African Development Bank to create the Africa Adaptation Acceleration Program (AAAP) focusing on bringing four critical areas for adaptation action to scale in partnership with African countries and partners. The four critical areas of Climate Smart Digital Technologies for Agriculture and Food Security; African Infrastructure Resilience Accelerator; Empowering Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience and Innovative Financial Initiatives for Africa will help address the nexus of climate change, COVID–19, and the economy and will support African countries in designing and implementing transformational adaptation of their economies and post–COVID recovery development paths. AAAP aims to mobilize $25 billion to support Africa's adaptation plans over five years ($5 billion per year). The AfDB has already committed half of the total, $12.5 billion by 2025. The program has been endorsed by President Tshisekedi, Chair of the African Union and President Ali Bongo of Gabon, the African Union Champion for Adaptation.

For more information please go to www.gca.org/programs/africa–adaptation–acceleration–program/

About the State and Trends in Adaptation in Africa Report 2021

The GCA's 2021 State and Trends in Adaptation in Africa report presents the most comprehensive overview of the present and future prospects of the African continent in the light of climate change. It is also a blueprint for how individuals and institutions in the African and international policy space can design, finance, and implement adaptation plans to best protect the lives and livelihoods of hundreds of millions of African people. Published ahead of COP26 in Glasgow, the report is an evidence–based advocacy tool to put adaptation and resilience in Africa higher on the agenda nationally and internationally using the report's actionable policy recommendations. As adaptation is scaled up in response to the challenge of climate change, the report is expected to influence the design of projects and programs, including those supported by the African Adaptation Acceleration Program.

Contact
For additional enquiries and interview requests please contact:
Alexandra Gee
Head of Communications, Global Center on Adaptation
alex.gee@gca.org


GLOBENEWSWIRE (Distribution ID 8380167)

Global Leaders Call: No Success at COP26 without a fair deal for Africa

Nairobi, Kenya, Oct. 26, 2021 (GLOBE NEWSWIRE) — Global leaders, hosted by President Uhuru Kenyatta, spoke at the launch of the Global Center on Adaptation (GCA) "State and Trends in Adaptation in Africa Report 2021 "" How Adaptation Can Make Africa Safer, Greener and More Prosperous in a Warming World" (STA21) to call for COP26 and development partners to increase resources to the Africa Adaptation Acceleration Program (AAAP).

STA21 presents a blueprint for climate adaptation and showcases the opportunities climate adaptation offers to solve previously intractable problems and put Africa on a more resilient pathway towards "green growth".

The report outlines the financial and macro–economic risk climate change poses to Africa and the imperative for the continent to scale up adaptation to reduce the economic costs of climate change. Without adaptation action, projections estimate that climate change will lead to an equivalent of 2 percent to 4 percent annual loss in GDP in the continent by 2040, with the poor, women, and excluded populations bearing the brunt of the impact. Yet the GCA report shows that the benefits of adaptation measures are frequently more than twice or as much as five times or greater than their costs. In addition, moving quickly to adapt is especially beneficial, with a benefit–cost ratio for early action of at least 12 to 1.

Speaking during the launch event, Ban Ki–moon, 8th Secretary General of the United Nations, Chair of the GCA said:

"The climate emergency has Africa at the cross–roads. Business as usual is a sure–fire route to chaos. But adapt to it and Africa will thrive."

Secretary–General Ban Ki–moon also spoke in support of the African–led and African–owned Africa Adaptation Acceleration Program, as a pathway to mobilizing the balance of the promised $100 billion in annual international climate finance. He highlighted AAAP as an important opportunity to realize a resilient and prosperous future for Africa.

Patrick Verkooijen, in his inaugural annual lecture as GCA CEO, commented:

"Africa will suffer higher GDP losses than most other regions of the world. These impacts can only be reduced with adaptation. Thousands of lives and millions of livelihoods have already been sacrificed in Africa because we are far from delivering what is needed in adaptation today. For COP26 to succeed, Glasgow must deliver for Africa. To do so, it must bring more ambition and more finance to help Africa adapt to the pace of a climate emergency devastating the continent with increasingly serious consequences for the world's poorest and most vulnerable."

Dr Akinwumi Adesina, President of the African Development Bank Group said:

"AAAP provides a unique opportunity for wealthier nations to meet their commitments and help Africa tackle the consequences of climate change. I am optimistic that our partners will deliver the first round of financing of $6 billion to $8 billion that we need for the Africa Adaptation Acceleration Program in 2021."

Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) spoke about the importance of finance for adaptation:

"Key to success in adaptation and resilience "" like so many other issues related to climate change "" is adequate finance. At COP26 we will continue to call for wider–ranging and comprehensive financial support for developing nations. The $100 billion pledge was a commitment that was made in the UNFCCC process more than 10 years ago. It's time to deliver."

Kristalina Georgieva, Managing Director, Managing Director, International Monetary Fund said:

"Effects of climate change in Africa threaten lives, jobs, and the substantial economic and development progress of the past two decades. As the GCA State and Trends in Adaptation report rightly says, adaptation is a necessity and must go hand–in–hand with reducing poverty and improving livelihoods. African countries need to do their part and have created the Africa Adaptation Acceleration Program but cannot do it alone. Along with bold action to reduce emissions at COP26, the international community must deliver on its commitment to provide at least $100 billion a year in climate finance for developing countries where financial flows for adaptation must be on a par with financial flows for mitigation. This is essential for securing a sustainable global recovery."

Uhuru Kenyatta, President of Kenya said:

"This program, in principle, aims to scale up and accelerate adaptation here in Africa by providing financial and technical support to African adaptation efforts. This initiative greatly paves the way for the continent to manage its climate related challenges. It is important to appreciate that effective climate adaptation will require a paradigm shift that harnesses the full potential of science and innovation."

Ngozi Okongo–Iweala, Director–General, World Trade Organization said:

"Ensuring that supply chains are resilient can be a key component of Africa's adaptation strategies. This will require significant efforts to climate–proof key trade–related infrastructure. Initiatives like the WTO's Aid for Trade can help mobilize investment in climate–resilient infrastructure.

Felix Tshisekedi, President of the Democratic Republic of Congo and Chair of the African Union said:

"Climate change could wipe out 15 per cent of Africa's gross domestic product by 2030. This means an additional 100m people in extreme poverty by the end of the decade. This is a cruel fate for a continent that contributes so little to global warming. Our way out is to strengthen our ability to respond and adapt to climate change. That's why the African Union, working with the Global Center on Adaptation, the African Development Bank and other partners, is endorsing the Africa Adaptation Acceleration Program."

Notes to Editors:

About the Global Center on Adaptation

The Global Center on Adaptation (GCA) is an international organization which works as a solutions broker to accelerate action and support for adaptation solutions, from the international to the local, in partnership with the public and private sector, to ensure we learn from each other and work together for a climate resilient future. Founded in 2018, the GCA is hosted by the Netherlands, working from its headquarters in Rotterdam with a knowledge and research hub based in Groningen. The GCA has a worldwide network of regional offices in Abidjan, Ivory Coast; Dhaka, Bangladesh and Beijing, China. Through this evolving network of offices and global and regional GCA teams, the organization engages in high–level policy activities, new research contributions, communications, and technical assistance to governments and the private sector.

For more information please go to www.gca.org

About the Africa Adaptation Acceleration Program

As the global solutions broker on adaptation and resilience, the Global Center on Adaptation (GCA) has joined forces with the African Development Bank to create the Africa Adaptation Acceleration Program (AAAP) focusing on bringing four critical areas for adaptation action to scale in partnership with African countries and partners. The four critical areas of Climate Smart Digital Technologies for Agriculture and Food Security; African Infrastructure Resilience Accelerator; Empowering Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience and Innovative Financial Initiatives for Africa will help address the nexus of climate change, COVID–19, and the economy and will support African countries in designing and implementing transformational adaptation of their economies and post–COVID recovery development paths. AAAP aims to mobilize $25 billion to support Africa's adaptation plans over five years ($5 billion per year). The AfDB has already committed half of the total, $12.5 billion by 2025. The program has been endorsed by President Tshisekedi, Chair of the African Union and President Ali Bongo of Gabon, the African Union Champion for Adaptation.

For more information please go to www.gca.org/programs/africa–adaptation–acceleration–program/

About the State and Trends in Adaptation in Africa Report 2021

The GCA's 2021 State and Trends in Adaptation in Africa report presents the most comprehensive overview of the present and future prospects of the African continent in the light of climate change. It is also a blueprint for how individuals and institutions in the African and international policy space can design, finance, and implement adaptation plans to best protect the lives and livelihoods of hundreds of millions of African people. Published ahead of COP26 in Glasgow, the report is an evidence–based advocacy tool to put adaptation and resilience in Africa higher on the agenda nationally and internationally using the report's actionable policy recommendations. As adaptation is scaled up in response to the challenge of climate change, the report is expected to influence the design of projects and programs, including those supported by the African Adaptation Acceleration Program.

Contact
For additional enquiries and interview requests please contact:
Alexandra Gee
Head of Communications, Global Center on Adaptation
alex.gee@gca.org


GLOBENEWSWIRE (Distribution ID 8380167)

First-Ever Global Study of Diversity in Graduate Management Education Sheds Light on Gaps in Race and Gender

RESTON, Va., Oct. 26, 2021 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today released a special report, "The Global Diversity of Talent "" Attainment and Representation," a first reference guide of its kind to better understand representation for graduate management education (GME) degree attainment worldwide. Understanding that education systems across the globe experienced disruption due to the pandemic, GMAC turned to its leading research capability as universities sought to adapt with a renewed attention to issues of student access and equity, as well as diversity and representation in tertiary educational attainment. The report provides a global overview, seven regional outlooks, and separate reports for 69 locations or countries with an estimated 25,000 or more people in the student–aged population of 20 to 34 who have attained a master's degree in the subject of business, administration, or law. In addition to a separate appendix that reviews data on 111 other countries, it also examines the representation of women globally and underrepresented groups in the United States.

"At GMAC, we recognize that a diverse student body in gender, race and background lifts us all as it creates a richer student experience and increases sensitivity to the issues that affect others," said Sangeet Chowfla, president and CEO of GMAC. "This report "" the first global state of the industry view about diversity in graduate management education "" is intended not only to serve as an informative guide, but also as a base to target outreach and advocate for the value of graduate business degrees to underrepresented populations around the globe."

Key Findings

Women struggle to be represented at the graduate business level, falling behind the most in Europe

Globally, more women than men choose their undergraduate study in the fields of business, administration, and law. 26.4 percent of bachelor's degrees earned by females are in these fields, slightly higher than for men (24.6%). At the master's level, however, men (33.7%) are more likely to study in business, administration, and law than women (29.4%). Data suggests that women have shown broader interest when pursuing a master's degree, with education and health and welfare two other popular disciplines besides business or law schools.

Furthermore, women in Europe are estimated to hold only 38.4 percent of graduate business degrees in the region, notably lower than the global average (44.8%) and behind East Asia and the Pacific where women are a majority (51.7%) of the region's graduate business degree–holders. When compared across all regions, Europe has the largest share of those aged 30–34 in the GME pipeline at 41.8% but the smallest share of the GME pipeline aged 20–24 at only 19.8 %, suggesting that many women in Europe choose to return to business school later in life.

African American graduates outpace their white counterparts, driven by their overrepresentation in U.S. for–profit programs

The proportions of graduate management degree–holders relative to the student–aged population, or the GME participation rate, differs among the seven U.S. race/ethnicity groups studied in the report: American Indian or Alaska Native, Asian American, Black or African American, Hispanic American, Native Hawaiian or Other Pacific Islander, Other/Two or more races, and Whites. Although a common perception is that African Americans are underrepresented in GME programs, they demonstrate a 3.0% GME participation rate, outranking their white counterparts at 2.5%.

"African Americans are interestingly overrepresented in graduate management education relative to their population size when compared with other groups, albeit slightly," said Sabrina White, vice president of school and industry engagement at GMAC. "According to a previous GMAC study, African Americans accounted for 37 percent of for–profit GME degrees conferred in 2015–2016. Their enrollment in for–profit institutions outpacing that in traditional universities may have contributed to their overrepresentation in GME."

Most business degree holders come from Asia while Latin America enjoys highest business concentration among graduate degrees

Among the seven regions studied, the largest pool of student aged graduate business talent falls in East Asia and the Pacific, which is also the largest source of bachelor's degree–holders in the fields of business, administration, and law. While China and India, the two "Asian giants," contribute the most to both the graduate and undergraduate levels of business school students, the U.S. impresses with its substantial share at third in both categories. Pakistan and Turkey are two other notable inclusions in the top 10 sources, with business graduates accounting for 28 percent and 40 percent respectively of the country's total bachelor's degree–holders.

Globally, of the more than 61 million people understood to have attained a master's degree, approximately 24 percent have earned GME degrees. By region, the highest business concentration among all master's degree–holders is seen in Latin America (33.1%), the Middle East (27.6%), and East Asia and the Pacific (26.6%). In addition, two countries in the Latin America region have greater than 60 percent females within the student–age population of 20 to 34 who are assumed to have attained a master's degree in the subject of business, administration, or law: Colombia (65.6%) and Dominican Republic (64.5%).

About the Report

To establish the foundation of this groundbreaking effort, GMAC leveraged the latest global data resources from the 2018 dataset of U.S. Census Bureau International Database, The World Bank, UNESCO, UNECE, and OECD, to provide baseline for studying the state of diversity within graduate management education today. Supplemental material of country and regional descriptions as well as available 2020/2021 international rankings indices were included for present context. More details of the full report, and other research series produced by GMAC, are available on gmac.com.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission–driven association of leading graduate business schools worldwide. Founded in 1953, GMAC creates solutions and experiences that enable business schools and candidates to better discover, evaluate, and connect with each other.

GMAC provides world–class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as tools, resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test (GMAT) exam is the most widely used graduate business school assessment. GMAC also owns and administers the NMAT by GMAC (NMAT) exam and the Executive Assessment (EA).

More than 12 million prospective students a year trust GMAC's websites, including mba.com, to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Senior Manager, Media Relations
202–390–4180 (mobile)
thsu@gmac.com


GLOBENEWSWIRE (Distribution ID 8379813)

Global Center on Adaptation releases new research on the benefits of climate adaptation for Africa

Nairobi, Kenya, Oct. 26, 2021 (GLOBE NEWSWIRE) — The Global Center on Adaptation (GCA) today released the findings of its "State and Trends in Adaptation in Africa Report 2021 "" How Adaptation Can Make Africa Safer, Greener and More Prosperous in a Warming World" (STA21) during a virtual event at the University of Nairobi hosted by the Government of Kenya under the leadership of Uhuru Kenyatta, President of Kenya.

The report presents a comprehensive overview of the present and projected climate risks for Africa together with a blueprint for climate adaptation which will be addressed through the four pillars of GCA's Africa Adaptation Acceleration Program (AAAP). It showcases the opportunity climate adaptation offers to solve previously intractable problems and put Africa on a more resilient pathway towards "green growth".

The report states that even if the Paris Climate Agreement goals are achieved, the economic costs of climate change in Africa are projected to be large. It is likely that Africa will experience higher relative impacts (as a percentage of GDP) than most other world regions, even though it is less responsible (whether historically or in the present day) for global greenhouse gas emissions than other major regions of the world. If the Paris Climate Agreement goals are missed, the economic costs will be very significant in Africa, and potentially catastrophic in some sub–regions.

GCA's analysis of the data demonstrates that only adaptation can reduce the economic costs of climate change in Africa over the next 20 years and that Africa needs to scale up adaptation now. The level of climate change in the next 20 years for Africa is already locked in, and these impacts can only be reduced by adaptation. Climate change will affect public finances: it is now considered a financial and a macro–economic risk.

Without adaptation action, projections estimate that climate change will lead to an equivalent of 2 percent to 4 percent annual loss in GDP in the continent by 2040, with the poor, women, and excluded populations bearing the brunt of the impact. Yet studies show that the benefits of adaptation measures are almost always more than twice the costs, and often are more than five times higher. In addition, moving quickly to adapt is especially beneficial, with a benefit–cost ratio for early action of at least 12 to 1.

STA21 revealed that the cost of taking effective adaptation action in the agricultural sector (particularly in priority areas like research and extension, water management, infrastructure, land restoration, and climate information services) is estimated at US $15 billion per year, less than a tenth of the estimated US $201 billion annual cost of inaction, which includes paying for disaster relief and recovery after floods. With agriculture dominating economic life in many African countries, accounting for between 30 to 40 percent of GDP, and a leading source of jobs for over two–thirds of Africa's population, the impact of climate change on agriculture has far reaching consequences for African economies as a whole without accelerated adaptation action. AAAP aims to address the climate challenges in this key sector through its Climate Smart Digital Technologies for Agriculture and Food Security which aims to scale up access to climate–smart digital technologies and associated data–driven agricultural and financial services for at least 30 million farmers in Africa by 2025.

At the same time, Africa has the highest rates of urbanization in the world. About half of Africans now live in cities, and the urban population is expected to nearly triple by 2050, driven by high population growth rates and increasing migration from rural areas to cities. STA21 outlines how, as cities expand, they can undertake a range of adaptation actions that require little in the way of financial resources but generate immediate and significant benefits or lay the groundwork for enhanced adaptation measures as part of post–COVID recovery plans. Such actions include: strengthening early warning systems, providing affordable safe housing, creating urban parks and better drainage systems to soak up stormwater and reduce urban heat, promoting innovative urban agriculture (such as vertical farms on the walls of homes), strengthening and decarbonizing power grids, and generating energy from wastes. The AAAP Infrastructure Resilience Accelerator will ensure by 2025 that climate risks and resilience are integrated into at least 50% (by value) of new infrastructure investments in Africa across key infrastructure sectors, including water, transport, energy, ICT, and waste management to help close the infrastructure gap and achieve sustainable development in the face of climate change.

With the youngest population globally located in Africa, STA21 also outlines the importance of engaging young people on the importance of adaptation action to ensure the development gains of recent years and their future welfare are not threatened by the impacts of climate change. STA21 outlines how Africa's massive endowment of nature can be harnessed as both an engine for jobs and a pathway for cost–effective adaptation, allowing the continent to embark on a more sustainable development pathway. Africa also has the potential to provide greater employment opportunities for youth by taking a growth path focused on labor–intensive modern industries in eco–tourism services, climate–smart agriculture, the ocean economy and green building and infrastructure. The AAAP pillar Empowering Youth through Jobs and Entrepreneurship is promoting sustainable job creation through entrepreneurship in climate adaptation and resilience in Africa by unlocking $3 billion in credit for adaptation action.

Nevertheless the amount of money available for adaptation action is $265 billion less than the investment need of $331 billion for the continent by 2030. STA21 outlines the urgent need, therefore, to increase support from developed nations, sovereign wealth funds, pension funds, development banks, philanthropies, foundations, non–profits, and other sources, as well as integrating adaptation into national budgets. STA21 also outlines the opportunities for deploying innovative financing models, mainstreaming resilience into investment decision–making and building the enabling environment for adaptation investment. AAAP pillar Innovative Financial Initiatives for Africa aims to increase financial flows for Adaptation and Resilience (A&R) to the continent with a total increase of adaptation finance on the continent to over $5 billion per annum by 2025.

Notes to Editors:

About the Global Center on Adaptation

The Global Center on Adaptation (GCA) is an international organization which works as a solutions broker to accelerate action and support for adaptation solutions, from the international to the local, in partnership with the public and private sector, to ensure we learn from each other and work together for a climate resilient future. Founded in 2018, the GCA is hosted by the Netherlands, working from its headquarters in Rotterdam with a knowledge and research hub based in Groningen. The GCA has a worldwide network of regional offices in Abidjan, Ivory Coast; Dhaka, Bangladesh and Beijing, China. Through this evolving network of offices and global and regional GCA teams, the organization engages in high–level policy activities, new research contributions, communications, and technical assistance to governments and the private sector.

For more information please go to www.gca.org

About the Africa Adaptation Acceleration Program

As the global solutions broker on adaptation and resilience, the Global Center on Adaptation (GCA) has joined forces with the African Development Bank to create the Africa Adaptation Acceleration Program (AAAP) focusing on bringing four critical areas for adaptation action to scale in partnership with African countries and partners. The four critical areas of Climate Smart Digital Technologies for Agriculture and Food Security; African Infrastructure Resilience Accelerator; Empowering Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience and Innovative Financial Initiatives for Africa will help address the nexus of climate change, COVID–19, and the economy and will support African countries in designing and implementing transformational adaptation of their economies and post–COVID recovery development paths. AAAP aims to mobilize $25 billion to support Africa's adaptation plans over five years ($5 billion per year). The AfDB has already committed half of the total, $12.5 billion by 2025. The program has been endorsed by President Tshisekedi, Chair of the African Union and President Ali Bongo of Gabon, the African Union Champion for Adaptation.

For more information please go to www.gca.org/programs/africa–adaptation–acceleration–program/

About State and Trends in Adaptation in Africa Report 2021

The GCA's 2021 State and Trends in Adaptation in Africa report presents the most comprehensive overview of the present and future prospects of the African continent in the light of climate change. It is also a blueprint for how individuals and institutions in the African and international policy space can design, finance, and implement adaptation plans to best protect the lives and livelihoods of hundreds of millions of African people. Published ahead of COP26 in Glasgow, the report is an evidence–based advocacy tool to put adaptation and resilience in Africa higher on the agenda nationally and internationally using the report's actionable policy recommendations. As adaptation is scaled up in response to the challenge of climate change, the report is expected to influence the design of projects and programs, including those supported by the African Adaptation Acceleration Program.

Contact
For additional enquiries and interview requests please contact:
Alexandra Gee
Head of Communications, Global Center on Adaptation
alex.gee@gca.org


GLOBENEWSWIRE (Distribution ID 8380024)

Expereo Achieves Cradlepoint 5G for Enterprise Branch Specialization

AMSTERDAM, The Netherlands, Oct. 26, 2021 (GLOBE NEWSWIRE) — The world's leading provider of Global Internet, Cloud Access Optimization, SASE and SD–WAN services, Expereo, is proud to announce today that it has achieved 5G for Enterprise Branch Specialization from Cradlepoint, the global leader in cloud–delivered LTE and 5G wireless network edge solutions. The 5G for Enterprise Branch Specialization identifies and recognizes partner organizations that are leaders in positioning and selling Cradlepoint's 5G for business solutions by meeting a series of sales, technical, and business proficiency criteria.

By receiving the specialization, Expereo will support Cradlepoint's efforts of selling the industry's most comprehensive portfolio of 5G solutions to meet the business imperatives of availability, interoperability, security, and manageability.

By leveraging Cradlepoint's Netcloud solution, Expereo delivers portable network connections that can be used as primary, failover or underlay links. Having no physical transmission medium makes deployment easy with just a 4G/5G–enabled router and ready to use data SIM card(s) from Mobile Operators. This allows backup facilities or temporary offices to instantly connect to the internet and guarantees corporate network connection for when operations are disrupted as a result of disasters or contingency planning. Mobile Broadband can also be used to improve redundancy on SD–WAN and optimize application performance by adding more choice to the underlay, further diversifying current MPLS and Internet components within the SD–WAN environment.

"Being recognized as a 5G Enterprise Branch specialization showcases Expereo's commitment to using the best–of–breed technology as part of its service stack, as well as getting our customer path to 5G for business," explains Catherine Lee, Director Service Development at Expereo. "Our customers get the most advanced mobile endpoint equipment there is, access to extra–mile support, and the assurance that the products and services we jointly provide with Cradlepoint will meet the needs enterprise network," he continues.

By combining its NetCloud platform with a clean–sheet–of–paper design for its new 5G modems and antenna systems, Cradlepoint is the first to deliver comprehensive 5G solutions for business. Specific capabilities include combining LTE, Gigabit–Class LTE, and 5G in a single wireless WAN; supporting all 5G spectrums, interoperating with existing customer SD–WAN and router infrastructures; and simplifying the entire network management lifecycle.

"Cradlepoint is committed to leading the evolution of Wireless WAN and 5G and is both the first and best choice for customers in this space," said Eric Purcell, senior vice president of global partner sales at Cradlepoint. "Our reseller, service provider, and technology partners play a crucial role in this mission. The addition of Expereo to our 5G for Enterprise Branch Specialization program is another important step in leading the path to 5G for business."

About Expereo
Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, SASE, and Cloud Access Optimization services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance. In Feb 2021, Vitruvian Partners international growth capital and buyout firm, acquired a majority stake holding in Expereo, alongside to the leading European private equity firm Apax Partners sas, and company management.

About Cradlepoint
Cradlepoint is a global leader in cloud–delivered LTE and 5G wireless network edge solutions for branch, mobile, and IoT networks. Cradlepoint NetCloud, the personification of the company's Elastic Edge vision, is a subscription–based service with purpose–built endpoints that delivers a pervasive, secure, and software–defined Wireless WAN edge to connect people, places, and things over LTE and 5G cellular networks. More than 22,000 businesses and government agencies around the world rely on Cradlepoint to keep critical sites, points of commerce, field forces, vehicles, and IoT devices always connected and protected, including 75% of the world's top retailers, 50% of the Fortune 100, and first responder agencies in 25 of the largest US cities. Major service providers use Cradlepoint solutions as the foundation for innovative managed services. Founded in 2006, Cradlepoint is a privately held company headquartered in Boise, Idaho, with a development center in Silicon Valley and international offices in the UK and Australia.


GLOBENEWSWIRE (Distribution ID 8379999)

Crocus Technology Expands High Precision Portfolio of Isolated Current Sensors over Industrial and Automotive Temperature Ranges

SANTA CLARA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) — Crocus Technology Inc., the leading supplier of disruptive Tunnel Magneto–Resistance XtremeSense sensors, today announces the CT425, CT426, CT427 and CT428 isolated current sensors with <1% total error over the full operating temperature range without sacrificing accuracy or bandwidth. The high–speed operation and accurate output allow customers to optimize system design for smaller size and higher efficiency.

The CT42x with less than 300 ns response time greatly simplifies the solution in EV Charging applications which are utilizing GaN (Gallium Nitride) or SiC (Silicon Carbide) transistors to improve power density. Likewise, the CT42x offers improvements in terms of performance and size compared to the classic isolated current sense solutions which utilize a shunt resistor, amplifier, and digital isolator to sense the voltage and convert this signal into a current measurement. The CT42x directly senses the flow of current through the package avoiding errors in conversion and provides inherently faster and more accurate measurements. With industry leading response time of 300 ns, high power architectures like the CCM Totem–Pole PFC can provide higher power density solutions. The fast switching frequency of Wide Bandgap (WBG) power devices requires a current sensor that can detect fast transients to prevent potential cascading failures. The integration in a space saving SOIC–8 package also reduces the total PCB footprint size by up to 8 times smaller compared to existing solutions.

The CT42x has robust built–in immunity to common–mode fields which allows the device to reject greater than 99% of external stray magnetic fields without the need for external shielding while maintaining <1% total accuracy. Crocus' proprietary TMR technology inherently offers a very high signal–to–noise ratio (SNR) which allows for high resolution measurements required for precision control or monitoring applications.

"The expansion of this product family brings more options to our customers to experience the high precision performance of our XtremeSense TMR products in more demanding applications," states Zack Deiri, President and CEO of Crocus Technology. "Previously our customers would select products that offered them good performance on one parameter over temperature and then they would adjust their design to compensate for the other parameters. With Crocus products they are finding they can achieve high precision and high bandwidth offering them a comprehensive high performance solution."

Product features and performance:

CT425 & CT428 (5.0 V version), CT426 & CT427 (3.3 V version)

Integrated 0.5 m conductor enabling 20 A to 65 A AC and DC applications

Total output error 0.5% FS (typ)

300 ns response time, 1 MHz bandwidth

Rated Isolation Voltage: >4 kVRMS

AEC–Q100 & UL/IEC 62368 Certified, IEC 61000–4–5 Certified

Over current detection (CT427 & CT428), Enhanced filter (CT425 & CT426)

Integrated Common Mode Field Rejection (CMFR) with > 99% immunity

Targeting applications in Power–Factor Correction (PFC), Solar Power Inverters, Battery Management Systems (BMS), xEV Chargers, DC/DC converters and AC/DC inverters.

The CT425, CT426, CT427 and CT428 sensors are available in an industry standard SOIC–8 package. Samples and evaluation boards are currently available. For more information on the CT42x product family, please visit the product webpage:

https://crocus–technology.com/products/ct42x/

About Crocus Technology

Crocus Technology develops and manufactures state–of–the–art magnetic sensors based on its patented XtremeSense TMR sensor technology. Crocus' disruptive magnetic sensor technology brings significant advancements to IoT and smart devices, industrial, consumer, medical, and automotive electronics applications demanding high accuracy, high resolution, stable temperature performance, and low power consumption. Crocus is headquartered in Santa Clara, California. For more information, please visit http://www.crocus–technology.com.

2021 Crocus Technology International Corp. All rights reserved. Crocus Technology, XtremeSense and combinations thereof are trademarks of Crocus Technology Inc. and Crocus Technology SA. Other names are for informational purposes only and may be trademarks of their respective owners.

For more information, please contact:

Elsa Magnani
Crocus Technology
Tel: +1–208–999–6643
Email: emagnani@crocus–technology.com


GLOBENEWSWIRE (Distribution ID 8378416)