with partners, out with a wonderful overview report on Climate Finance Innovation for Africa. If you or your organization is wondering why you can’t, or have not been able to put targeted investment allocations to work in Africa to help address climate and energy issues, this report, in a research-based approach, spells out specifically why in detail, by sector, and goes further…
Africa accounted for just 14% of total global private climate finance flows in the most recent reporting period (19-20), representing just 14% (yes, the same number) of the amount needed. And despite some progress on energy funding – with electrification rates (percent of population with access to electricity) increasing from 33% to nearly 50% over the last 10 years “rapid population growth has increased the absolute number of Africans without power during the same period.” Increasing to only fall behind… As the report seeks to identify the barriers to investment…
…and recommend specific financial structures that could address the identified “barriers”, and specific case studies on how four funds, in different ways, addresses specific barriers to make impactful sectoral investments, including an organization we’re researching - Revego | Fund Managers.