By: Nghiinomenwa-vali Erastus
Africa’s climate adaptation and mitigation financing shortfall, amounting to a staggering $265 billion could be alleviated significantly through the active involvement of private capital distributors.
This capital could be crucial as many African countries continue to grapple with the challenges of raising domestic public finance amid mounting debt levels and unanticipated budgetary pressures.
The proposals to involve the private sector capital in climate change adaptation and mitigation efforts was among various insights that emerged from various presentations and discussions at the Green Climate Fund Regional Dialogue, currently taking place in Windhoek.
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