Economy
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Locally led, globally backed: The need to redefine adaptation finance
Adaptation finance for Africa is falling dangerously short, both in quantity and quality. COP29 did little to help. Over the past century, temperatures in ... -
With the world at a crossroads, robust IDA is more critical than ever
Low-cost financing is not just a lifeline for low-income countries but the world’s collective future in a time of uncertainty. As the International Development ... -
“Continuously opposed”: Global South vexed at what went unsaid at COP29
In Baku, developed countries managed to prevent comprehensive discussions of unilateral trade measures. They can only delay for so long. For the first time ... -
COP29 opened carbon markets to cowboys when a sheriff is needed
Under the new carbon markets framework agreed in Baku, countries face no real repercussions if they fail to abide by the rules. At the ... -
COP29: Why Africa’s $1.3 trillion climate goal makes perfect sense
Global leaders should keep in mind that the benefits of climate financing far outweigh the costs of implementing them. Climate events can turn on ... -
Fudged figures, gas, and debt: Digging into MDBs’ “climate finance”
Half of all Multilateral Development Banks’ climate finance goes to Europe. Just 4% is grants. We don’t just need more but better climate finance. ... -
The real “gift from God”: Why the Africa Energy Bank is a bad idea
A coalition of African oil-producers is set to launch a $5bn oil bank. This is not just environmentally but economically misguided. In his address ... -
“Extremely urgent”: An interview with the head of the Adaptation Fund
With the Global South hoping COP29 can bring progress on the $215-387 bn per year needed for adaptation, we spoke to the head of ... -
COP29: Setting a climate finance target is only half the battle for Africa
New analysis finds that the average cost of capital for power projects in Africa is triple that of other parts of the world. For ... -
Smart gamble or foolish risk? The case for and against nuclear in Africa
Nuclear energy is low carbon, high intensity and consistent, but also expensive, hazardous, and perhaps simply unnecessary. As countries in Africa envision their future ...
