Highlights

1) Mobilising diverse climate finance resources and investments to support Africa’s energy transition will address the continent’s energy access challenges.
2) Sustainable governance is critical to driving climate policy initiatives and projects, which cost approximately $2.8 trillion from 2020 to 2030. Furthermore, there is a $200-$400 billion climate funding gap in Africa from feasible debt swaps with the continent losing up to 15 per cent of its GDP per capita annually to climate change.
3) Infrastructure governance can drive innovation and climate action, potentially unlocking significant climate finance and investments for Africa’s energy transition.
4)  A set of crucial policy considerations for unlocking finance climate goals sustainably. A series of vital policy considerations, including the establishment of robust legal regulatory frameworks, are essential for achieving climate goals and unlocking sustainable finance.

Authors: Oluseyi Aladesanmi, Evelyn Dan Epelle, Priscilla Airohi-Alikor