Category: Climate Finance

Transactional Multilateralism: Africa’s Quest for Sustainable Climate Finance

Amid Trump’s withdrawal from the Paris Agreement and opposition to the draft International Tax Convention, Africa faces a pivotal moment: rely on fragmented external support or forge a unified tax and climate strategy to secure sustainable finance, protect fiscal sovereignty, and drive equitable global negotiations.

Climate Finance

Where To Now For The Adaption Fund?

Climate Finance

Baku’s Big Promise: Will COP29 Throw Africa a Financial Lifeline for an Energy Transition, or Just Another Fossil – Fuelled Fantasy?

As pre-negotiation meetings progress at COP29 in Baku, the spotlight turns to Africa's urgent need for accessible, equitable energy transition finance. Will this conference break from precedent and deliver tangible financial commitments that support a sustainable, Africa-centred transition and growth?

Climate Finance, COP29

Financial Chains or Gains? World Bank & IMF May be Undermining Climate Action in the South

As the IMF and World Bank convene for their 2024 meetings, calls for reforms and climate finance remain unmet, leaving vulnerable countries in the Global South burdened with debt surcharges and limited access to resources. The institutions' actions, though promising on paper, continue to fall short in supporting real climate action.

Climate Finance

Tax Cooperation and Climate Finance – Kicking the Can Down the Road to COP29

As the 79th UNGA comes to a close, the global community remains divided on how to address the climate finance gap. Despite some progress on framing an international tax convention, the discussion on taxation and climate finance continues to be sidestepped.

Climate Finance, COP29

African Ministers call for $1.3 trillion Climate Finance Target

At the African Ministerial Conference on the Environment, Ministers called for a new climate finance target of not less than US$1.3 trillion annually. This aligns with numbers put forward by India and the Arab Group, but developed countries have been overwhelmingly silent on what amounts they intend to propose.

Climate Finance, COP29

Youth Perspectives on Loss and Damage

Living in one of the most climate vulnerable regions, African youth are pushing their governments to better prepare for climate impacts and leverage the Fund for Responding to Loss and Damage. We reached out to the Loss and Damage Youth Coalition to learn more about their views on the Fund’s role, their expectations for loss and damage and how their countries are preparing for the effects of climate change.

Climate Finance

Rating Africa Right – The Climate Finance Dilemma

A recent push by the African Union might see an African Credit Rating Agency established by early next year. Will this be enough to overcome the credit ratings challenges that have undermined the ability of African countries to access affordable climate finance?

Climate Finance

Climate Change: a Curve Ball in SADC’s Quest for Industrialisation?

At the 44th SADC Summit, the bloc grappled with how it would achieve its industrialisation goals whilst responding to climate change and related energy woes. Newly appointed SADC Chair, Zimbabwean President Emmerson Mnangagwa, underscored the centrality of renewable energy in this process, as the region looks to unlock opportunities in agro-processing and minerals beneficiation.

Climate Finance

Tapping Into The Growing Global ESG Bonds Market – Nigeria Punching Below its Weight

Given the US$ 1.2 billion chasm between the expectations of advanced and developing countries, Africa must find innovative ways to secure the necessary finance for climate action and development. Green bonds offer one means to do so. Nigeria is on a path to expanding its use of green bonds; however, it needs to do a lot more to increase the scale and success of these instruments.

Climate Finance