Africa contributes to 3% of global CO2 emissions and yet Africa suffers from extreme heat, floods, cyclones, tsunamis, etc. Billions of dollars of investment are needed to fight climate change in Africa. A solution but not a panacea: green bondsA solution to the crisis comes in the form of green bonds. Most of Africa’s green bonds have been issued by the AfDB, which has raised more than $1.5bn since 2013. The solution for Africa is not just financialIn the medium and long term, an entire ecosystem needs to be put in place in Africa.

Source: The North Africa Journal October 16, 2023 06:31 UTC