Harnessing climate investment opportunities in Africa will require innovation in financing structures that go beyond traditional financing approaches and strategic deployment of public capital to ‘crowd-in’ private investments.
This report provides a framework for how financial instruments can be combined and deployed in innovative ways to overcome barriers to finance and capitalize climate solutions in Africa.
It details four innovative instruments that have been launched across the continent and recommends actions for increasing the deployment of innovative finance. Recommendations consider characteristics of barriers in the unique geographic and sectoral context, project and technology lifecycles, and establishing conducive policy and regulatory frameworks.