Limiting global warming to 1.50C while attaining the Sustainable Development Goals : the role of climate finance in Africa

Abstract

Accessing climate finance is part and parcel of the efforts to combat climate change, and progress on finance will help deliver the required climate action in Africa. But the analysis presented in this paper confirms that Africa has a long way to go to access the required climate finance to support the implementation of its pledged climate actions. To advance access to effective climate finance, support should be provided to African countries to enhance their capacity including setting up climate finance systems that can help them attract the required financing and also incorporate tracking climate finance, reporting, leveraging on possible financial instruments available i.e. within the GCF to finance climate actions and developing bankable climate interventions.