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2 clusters · 12 sources · 23 days · First seen · Last updated

African climate finance and sustainability advocacy

Overview

Discussions regarding climate finance and sustainability in Africa have focused on the significant gap between required investment and current funding flows. At a United Nations General Assembly roundtable, Dr. Kola Adesina of Sahara Power Enterprise Group noted that while Africa requires approximately $277 billion annually to meet climate commitments, current flows are roughly $30 billion per year. He emphasized the need for investment in energy, infrastructure, and agriculture to build resilience against environmental shocks.

Following these calls, the African CEO Council and participants at the Africa Climate Forum urged a transition from sustainability pledges to measurable actions. Leaders advocated for integrating environmental, social, and governance (ESG) leadership into business strategies to improve competitiveness and access to finance. Discussions also highlighted the role of public-private partnerships, renewable energy, and carbon market regulation, specifically in Nigeria, to convert emissions reductions into certified carbon credits.

Entities

United Nations Industrial Development Organization · Kola Adesina · Nigeria · African CEO Council · Sahara Power Enterprise Group

Timeline

  1. [BUSINESS] 4 sources
    African leaders call for sustainability and climate funding action

    African business leaders and policymakers are calling for measurable ESG action and increased climate funding through public-private partnerships to ensure sustainable economic growth.

  2. [BUSINESS] 8 sources
    Sahara Group calls for increased climate finance for Africa at UNGA

    Dr. Kola Adesina of Sahara Power Enterprise Group urged increased climate finance and sustainable investment at the UNGA to address Africa's infrastructure and energy gaps.

Sources

africanleadershipmagazine.co.uk · arise.tv · economicconfidential.com · myjoyonline.com · nairametrics.com · namibian.com.na · nannews.ng · newtelegraphng.com · nigerianceomagazine.com · punchng.com · theabujainquirer.com · worldstagenews.com