Transformative Climate Finance for Africa: Mobilizing New Partnerships and Ambitions at COP29 in Baku

The African Development Bank showcased several ambitious initiatives to bridge this gap, including establishing Green Banks, expanding support through the Climate Action Window, creating new revenue streams for adaptation actions through the Adaptation Benefits Mechanism, the African Adaptation Acceleration Programme, and increasing focus on carbon markets, nature-based solutions and biodiversity conservation.
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Madame Tariye Gbadegesin, CEO of the Climate Investment Funds (CIF), underscored the organization’s catalytic role in scaling solutions. “CIF helps Multilateral Development Banks innovate and address complex, high-risk areas. With over $12 billion in funding supporting nearly 400 projects in more than 80 low- and middle-income countries, our work spans renewable energy, 
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https://www.afdb.org/en/news-and-events/transformative-climate-finance-africa-mobilizing-new-partnerships-and-ambitions-cop29-baku-78727
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32 more agrees trigger contact with the recipient

Kevin
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2 w
The AFDB has been very instrumental in creating structures that advance climate finance for African countries.
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Annett Michuki..
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3 w
Financing developing countries, Africa as large included will help them curb this crisis
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Rashid Kamau
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3 w
As the continent works to meet both its development and climate goals, climate finance remains the backbone of its sustainable future
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Jane Wangui
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3 w
With such kind of developments we will surely deal with the issue of climate change for good.
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rosebellendiritu
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3 w
Wow .these are the kind of developments that we need so as to deal with the issue of climate change in the near future .
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Ann Nyambura
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3 w
By attracting more innovative finance models and multi-stakeholder collaborations, Africa can build more resilient economies and communities in the face of climate change
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Gorffly mokua
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3 w
Exciting developments! The initiatives are instrumental in mobilizing transformative climate finance for Africa, paving the way for sustainable growth and resilience.💚👏
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Peter Karanga
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3 w
bridging the climate finance gap in Africa needs focus
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Kelvin Thuranira kaberia
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3 w
Africa is really inputting the right gear towards positive climate actions
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