Climate Action Africa (CAA) has announced the launch of the CAAF24 pre-event webinar focusing on climate finance in Africa. The event, to be hosted on LinkedIn, will explore the successes and challenges of climate finance in Africa, paving the way for a more sustainable future. Moderators bringing diverse perspectives include Collins Otieno, Climate Change Policy and Development practitioner and lead, Climate Finance and Innovations (VCA), Hivos; Sandra Guzmán Luna, Low Carbon Development and Climate Finance specialist and many others.
As it stands today, Africa faces a crucial turning point. Despite abundant renewable energy resources and a vibrant young population, climate ambitions are hampered by a funding gap. To achieve the 1.5°C global warming target, Africa requires $2.8 trillion in climate finance by 2030.
It is on this note that Grace Oluchi Mbah, co-Founder and executive director of CAA, said, “Africa stands at the crossroads of climate action and development. While rich in renewable energy resources and youthful population, it grapples with climate change and socio-economic challenges.”
With the next round of Nationally Determined Contributions (NDCs) due in 2025, this webinar arrives at a critical moment. By fostering knowledge sharing, collaboration, and action, it aims to equip stakeholders with the tools and strategies needed to mobilize resources and bridge the climate finance gap, and foster a favourable climate for the whole of the continent which will in turn boost growth and stability which is what Africa desperately needs.
Climate Action Africa commonly referred to as CMA is a climate resilience organization located at GRA Ikeja, Lagos. It was founded on July 14, 2021, by Oluchi Grace and Chukwuemeka Fred Agbata.