That’s good news. The problem is – it’s the top half that’s filled. Pledges made in Dubai won’t be transformative unless underpinned by new actions. See what that means for Africa’s renewable energy, climate finance, biodiversity and more…
These are new announcements made in the second week of COP28.
UK commits £7.4 million to aid Somalia’s climate resilience through AfDB's Disaster Risk Financing Programme
BURN Sells Africa’s First Cook-Stove Carbon Credit Futures, COP28: African countries put their foot down on GGA on final day
Rwanda secures $250 million from AfDB to bolster water and sanitation access while ITOCHU Corporation and Hive Hydrogen South Africa partner for green ammonia production
A record 282 million people are undernourished in Africa due to climate change, FAO reports, Kenya positions itself as Africa's climate champion
Green Climate Fund allocates USD 100 million to tackle food loss in African nations at COP28 while Loss and Damage Fund falls far short of needed funds at COP28
Frannie Leautier is the CEO of SouthBridge Investments and a former Vice-President at the World Bank.
Sunshine is not distributed equally across Africa, and nor is the solar sector.
Africa has 60% of the planet’s solar potential but only 1% of its installed capacity. The latest announcements at COP will change that. But the likely winners are not the usual suspects.
