‘In a recent article by The Brookings Institute titled “Finance for climate adaptation in Africa is still insufficient and losing ground”, the continent is one of the most affected regions by climate change and its current and historical greenhouse gas emissions are minuscule at a global scale. However, the region received only 20% of global adaptation finance flows (USD 13 billion) annually in 2021–2022.
The urgency to adapt and build resilience has therefore become a collective responsibility and the stark reality of climate finance shows a troubling lack of attractiveness for private investments in climate-related projects on the continent.’