Africa Secures Record $52bn in Climate Funding in 2022, Report Shows

Posted on

(Ecofin Agency) - The report highlights that this record is nearly four times below the continent's needs, which are projected to reach around $190 billion annually by 2030.

Climate funding for African countries surpassed $50 billion for the first time in 2022, according to a report released on October 23 by the Climate Policy Initiative, a think tank comprised of 90 experts.

Titled "Landscape of Climate Finance in Africa 2024," the report highlights that the continent received $52.1 billion in climate financing in 2022, sharply up from $35.2 billion in 2021 and $30.4 billion in 2020. Much of this rise is attributed to the revival of various projects that had been put on hold due to COVID-19. However, it does not indicate a sustainable upward trend...read more on Ecofin Ageny

Source: Ecofin Agency

About Us

The idea of an Association of African Central Banks was first introduced on May 25, 1963, at the Summit Conference of African Heads of State and Government held in Addis Ababa, Ethiopia. In this regard, African Heads of State and Government unanimously agreed to set up a preparatory Economic Committee to study a large range of monetary and financial issues, in collaboration with Governments and in consultation with the Economic Commission for Africa (ECA).

AACB

CONTACTS

Abdoulaye Fadiga Avenue, Dakar, Senegal
(221) 33 839 08 84
(221) 33 839 08 01
secretariat@aacb.org
Contact Form
PO Box 4128 - Dakar - Senegal

© 2003 Copyright www.aacb.org. All Rights Reserved.

TOP