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The African Development Bank has suggested a plan for SA that will help the country use the $8.5bn in climate financing pledged by some of the world’s richest nations to raise more funds.
With lessons learned over its two years of operation, the Gap Fund climate initiative aims to expand its technical assistance to as many as 40 new cities in the upcoming year
Africa is also staring down a nearly $1.3 trillion climate finance gap for the 2020 to 2030 period.
Climate change is a problem which was largely made in the West, but we are feeling its impacts in Bangladesh and other countries in South Asia more than ever.
Financing conditions shouldn’t impose restrictions that advanced economies aren’t prepared to adhere to themselves, Oxford Economics Africa says