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GRAY MAGUIRE: African countries need a reality check on climate finance

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Governments cannot rely on developed countries only and should start engaging their own private sectors

The past two weeks have seen two important climate change forums playing out on the continent in the build-up to COP27 in Egypt in November. The first was the Botswana Global Adaptation Week, from August 22 to 26, and the second was last week’s Africa Climate Week held in Gabon.

Unsurprisingly, the topic on everyone’s lips at both events was climate finance, specifically how to access more grants to fill the ever-widening gap between demand and supply. Indeed, the opening session of Africa Climate Week featured a ministerial dialogue on the challenges of mobilising and accessing climate finance to drive the implementation of countries’ nationally determined contributions and national adaptation plans...

 

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