Climate, Environment and Sustainability

Bridging the Gap: Unlocking Climate Finance for Resilience and Adaptation in Africa

This panel addresses the pertinent funding shortfalls for climate resilience and adaptation in Africa, one of the key issues discussed at COP 29, dubbed “Finance Cop”. It will critically examine Africa’s demand for climate financing and the structural barriers that limit access to global climate finance, such as complex application processes, stringent conditions, and limited capacity for fund management at local levels. The dialogue will be shaped by the urgency for

vulnerable African populations and communities to effectively adapt, be resilient, and “bounce back” from climate change and environmental shocks. It will examine sustainable practices in sectors such as mining, oil, and agriculture, discussing how Africa can harness its natural resources for inclusive and long-term growth. Additionally, it will discuss innovative financial instruments, such as blended finance, green bonds, and risk-sharing mechanisms, that can mobilise resources for African nations. It will also explore how international and domestic actors can foster collaboration to streamline funding processes, ensuring that resources reach the most vulnerable populations while promoting long-term sustainability.