Africa Climate Action Finance Gap- A Worrisome Trend

Creating jobs for youth, enhancing food security to drive a trajectory of competitive economies is critical. Here, collaboration to invest in clean energy aligned to powering agriculture value addition enterprises will be unlocking up to $48 billion worth of PHLs, as positive financing tied to power a just transition. Africa should look at investing its 2% of GDP contribution to climate action to forging collaborations under Article 6 that unlock such tangible enterprises to implement up to 70% of its NDCs while unlocking key socioeconomic opportunities to drive a just transition.

In addition to looking at new sources of investment, we need to look at catalyzing a shift of investments by these actors who are the majority players in Africa’s economies. This is how the finance gap in Africa can be close as we supercharge and turbocharge the informal sector to become socio-economically viable. This will be when climate action financing will matter to the most vulnerable to the continent and elsewhere.

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