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COP27: Unlocking the sticky climate finance for developing nations

Climate finance and financing loss and damage deadlocked at COP27: Photo by Sophie Mbugua As the UN climate talks in Sharm El-Sheikh, Egypt, near the official end – of Friday, the 18th – climate finance and financing loss, damage and adaptation remain deadlocked. At COP27, developed countries strongly opposed having any financial mechanism under the…

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Congo DRC to produce Low cost, climate-friendly battery materials.

Participants during the COP27 Minerals side event Sharm El-Sheikh, Egypt: With the world adopting cleaner energy transitions, ambitious efforts to accelerate plans for low-cost and low-emissions lithium-ion battery cathode precursor materials in the Democratic Republic of Congo (DRC) and Zambia are nearing reality, with a feasibility study outcome expected in five months. While addressing the…

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Floods erode Malawi’s years of hard work and development.

CHIKWAWA (Malawi) The raging floods induced by Tropical Storm Ana devastated Malawi’s Chikwawa District, located on the west bank of the Shire River {about 50 kilometers south of Blantyre} and ripped Lameck Paulo’s home. The 33-year-old father of three paused and shook his head while narrating the terrors of raging floods that fell on his Kanthema…

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Solar-powered boreholes liberate Zambia’s Kafue Basin from wild fruits.

In 2014, the Strategic Climate Fund (SCF) under the Climate Investment Fund (CIF) funded the Strengthening climate resilience project in the Kafue sub-Basin in Zambia. Engineer Indie Dinala, the project manager, told Africa Climate Conversations that farmers in the Kafue sub-basin would depend on wild fruits and wild tubers during drought. Also listen to how…

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Financing Change in Africa: Where are we?

Africa requires as much as $2.8 trillion through 2030 to implement its climate commitments set out in countries’ national targets under the 2015 Paris Agreement according to the African Development Bank (AfDB) The Climate Investment Funds (CIF), a multilateral climate finance mechanism, has been working with the continent’s premier financial development institution, AfDB – CIF’s implementing…

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