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


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