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 entity – renewable financing energy, forestry, and resilience solutions in Africa. Of about $8billion funding, Africa receives one-third of the total funding.
You might be interested in how the climate resilience funding is helping build resilience in Africa
In today’s conversation, Mafalda Duarte, the Climate Investment Funds CEO, and Gareth Phillips, the climate and environmental finance manager at the AfDB, gives a backgrounder the Climate Investment Funds and the portfolio of work CIF have implemented with the AfDB.
