The outcome of COP21 has been hailed a success, providing the market certainty to begin to drive a global low carbon transition. $100 billion has been pledged annually to support this process in developing countries, boosting the opportunities for innovation where climate change mitigation and adaptation is most urgently required.
In regions of Africa climate change is already hindering sustainable development by contributing to reduced rainfall, warmer temperatures, flooding and the spread of water-borne diseases. Whilst Africa contributes relatively little to global greenhouse gas emissions, a lower adaptive capacity makes many regions more vulnerable to these impacts.
The $100 billion fund defined at COP21 will boost the huge finance and technology effort already underway in the region, where technology leapfrogging is providing tailored solutions to energy provision, agriculture and water management at both large and local scales throughout the continent.
- Oliver Andrews, Executive Director and Chief Investment Officer, Africa Finance Corporation
- Alloysius Attah, Chief Executive Officer and Co-Founder, Farmerline
- Moderator: Anna Watson, Head of Conference Production, Climate Action
- What are the most promising low carbon energy opportunities in Africa?
- What other low carbon innovations are poised to increase climate resilience?
- How will multilateral funders work together to facilitate climate investment?