A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Africa’s Net Zero Transition ‘Underfunded’

Africa is currently only receiving 12% of the finance it needs to successfully mitigate the effects of climate change and transition to net zero, according to a report by the think tank Climate Policy Initiative (CPI). It noted that around US$250 billion a year is needed to help all African countries install greener technologies and more climate resilient infrastructure. However, Africa received by US$29.5 billion in 2020, CPI said. There are a number of barriers holding back climate investment, the report said, noting a lack of skills, governance issues and currency risks, particularly across central African countries. The report said: “Harnessing climate investment opportunities in Africa will require innovation in financing structures and strategic deployment of public capital to ‘crowd-in’ private investment at levels not yet seen. Mobilising investment in African climate solutions at scale will require going beyond traditional financing approaches. Innovative climate finance structures can be deployed to improve capital efficiency and overcome the barriers to finance which have stifled investment to date.”

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top