Global banks are fuelling Africa climate crisis: report

As delegates from different African countries converge in Nairobi from Monday for the inaugural Africa Climate Summit, a new report has shown how banks outside the continent finance projects that fuel the climate crisis.

The report, How the Finance Flows; the banks fueling the climate crisis, shows that every year, 11 banks from Europe, the Americas and Asia pump in money to finance such projects 20 times more than they do for climate solutions on the continent.