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Creativity is key to boosting climate finance for Africa
Climate adaptation measures have mainly relied on public sector investment because their longer investment time horizons don’t typically appeal to private investors.
As debate rages on the source of green investments and the moral responsibility of wealthier nations in creating extreme climate mess we all find ourselves in, what’s clear is that African nations cannot afford to keep calling for implementation of the same strategies that have so far failed to deliver change.
We must find new ways of generating climate finance for Africa beyond focusing on the most investor-friendly projects in the same handful of nations: South Africa, Egypt and Nigeria, which receive half of all private climate financing in Africa.
