Unity Bank Plc has called for increased investment in the green economy and the adoption of innovative technologies as key drivers of economic resilience and climate sustainability across Africa.
The call was made during a webinar hosted by the bank to mark Earth Day, themed “The True Cost of Climate Change and Who Pays?”, where stakeholders examined the human, economic and institutional impact of climate change.
Speaking at the event, the bank’s Head of Strategy and Innovation, Ibukun Coker, stressed the urgency of addressing climate risks.
“Climate change is no longer a distant or abstract challenge. It is an existential threat with direct consequences for individuals, businesses, and economies,” he said, noting that financial institutions must integrate sustainability into project financing and support solutions that enhance community resilience.
The webinar featured contributions from industry experts, including Chinwe Udo-Davis, Founder and CEO of Instollar, and Oluwatosin Ajide of the Nigeria Climate Innovation Centre.
Udo-Davis highlighted the uneven impact of climate change, particularly on underserved communities, stressing the need for inclusive and scalable clean energy solutions.
“The true cost of climate change is not evenly distributed. Communities with the least resources are often the most affected,” she said.
Ajide, on his part, emphasised the importance of coordinated approaches involving innovation, policy alignment, and financing to effectively tackle climate challenges.
“Climate change is fundamentally a structural problem, requiring a paradigm shift across multiple sectors,” he noted.
The session also explored opportunities in climate technology, renewable energy, and ecosystem financing, underscoring the importance of collaboration in driving sustainable development.
Unity Bank said the initiative reflects its broader commitment to environmental sustainability, responsible growth, and financial inclusion, as it continues to support conversations and actions aimed at mitigating climate risks.
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