Africa gets only 23% of the climate finance it needs
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Africa faces a significant shortfall in climate finance, receiving only 23% of the necessary funds.
The discussion around Africa's climate finance needs is separate from the development of the Pan-African Payment and Settlement System (PAPSS), which aims to shape the global finance landscape.
- Climate finance shortfall affects Africa's ability to address climate change.
- The exact amount of climate finance needed by Africa is not specified.
Who's reporting it
- TCThe ConversationCenter
Africa gets only 23% of the climate finance it needs – and pays too much for it
- the-star.co.keTthe-star.co.keCenter
K’ONYANGO: Africa can seize opportunity in emerging world order
- TNThe Nation NewspaperRight
‘Africa’s payment system is shaping global finance landscape positively’
Why it matters
Climate finance is crucial for Africa's climate change mitigation and adaptation efforts
- Potential increased climate change impacts in Africa
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