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Climate finance can help unlock a new realm of funding in the Global South by providing the necessary financial resources to help us transition to low-carbon economies and adapt to the impacts of climate change.
The Global South, which includes many developing countries, is often disproportionately impacted by climate change due to our vulnerability to extreme weather events, limited resources, and inadequate infrastructure.
Africa only contributes between 3-4 % to global greenhouse gas emissions. Yet, Africa is considered to be one of the continents most at risk from climate change due to its high levels of poverty, dependence on rain-fed agriculture, and vulnerability to droughts, floods, and other extreme weather events.
Climate change has and is expected to exacerbate further these challenges, leading to greater food insecurity, water scarcity, and displacement of populations.
Climate finance will help to do the following:
Climate finance drives the resources and tools to reduce poverty, improve livelihoods, and promote sustainable development.