Home » Africa needs approximately USD 2.8 trillion to implement its Nationally Determined Contributions – Research
News

Africa needs approximately USD 2.8 trillion to implement its Nationally Determined Contributions – Research

Africa needs approximately USD 2.8 trillion to implement its Nationally Determined Contributions - Research

The study shows that total annual climate finance flows in Africa for 2020, domestic and international, were only USD 30 billion, just 12% of the amount needed. The financing gap is significant: All African countries together have a GDP of USD 2.4 trillion (World Bank 2021), implying that 10% of Africa’s current annual GDP needs to be mobilized above and beyond current flows every year for the next 10 years.

Add Comment

Click here to post a comment

Categories

Newsletter

Loading