Sharing a new report I co-authored: 'More Money, Fewer Problems: Closing Africa’s Climate Finance Gap,' which launched today. https://lnkd.in/gFMeMUZA A staggering $2.4 trillion is needed by 2030 to meet the continent's climate goals, yet only 12% of this vital funding has been committed. We see financing costs in Africa are 5-6% greater than in comparable emerging markets due to macroeconomic uncertainty, opportunity cost of capital, and investor risk assessment. This creates a major impediment to investment flow into green sectors. This report is meant to be the conversation starter, not the conclusion. As an industry, we need to collectively, factually, and candidly dig into the cost of capital for climate projects in Africa and start deploying more smart de-risking instruments for Africa's green industries. The time is now! Loved collaborating with co-authors, Chris Mitchell, Patrick Dupoux, Warren Chetty. And special thanks to Danieck Oude Lenferink, Raghav Gupta, and Aliasger Durbar for all their work on this. Read the report here: https://lnkd.in/guKew64P #GreenFuture #SustainableInvestment #ClimateFinance #BCGinAfrica
🔓 Unlocking Potential with Precision: "#Africa's journey to a greener future hinges on closing the vast climate finance gap. With a staggering $2.4 trillion needed by 2030, only 12% has been committed. Let’s drive change and mobilize resources to power Africa's sustainable transformation! 🌍💡 Special thanks to the author team Katie Hill, Chris Mitchell, Mills Schenck, Patrick Dupoux, and Warren Chetty for their relentless effort and commitment to this topic. Read the report here: https://lnkd.in/guqD2Jmm #GreenFuture #SustainableInvestment #ClimateFinance #BCGinAfrica"
Mark Napier FYI
Climate Finance, Climatech Innovation, Podcast Host, Visiting Fellow at the Cambridge Judge Business School
2moWhat if there is never enough money to meet climate goals? Reports over a decade or more have harped on this very large gap to no avail. Maybe it is better to prepare for a future assuming that the money will never turn up. You can read my article here: https://www.linkedin.com/pulse/ever-enough-money-meet-climate-crisis-sanjoy-sanyal/