Africa offers a wealth of climate-related investment opportunities. New value chains - from sustainable agribusiness to renewable energy - are taking root as the continent’s industrial mix extends beyond extractives and other traditional sectors. A young and growing population is increasingly keen to tackle big challenges. At the same time, the continent faces issues ranging from lack of energy access to water scarcity, to acute food insecurity, and more.
This report provides an assessment of climate finance flowing into and within African countries. It provides a baseline to understand climate finance flows in Africa which need to be tracked in order to measure progress of each country and, in combination, the continent, towards meeting their Nationally Determined Contributions (NDCs) under the Paris Agreement.
Some of the findings the report highlighted were that investment gaps differ strongly between countries and that climate finance is rather concentrated on a few countries on the continent. Still, Africa strikes a better balance between mitigation and adaptation finance than other regions.