Africa contributes only a small share of global greenhouse gas emissions, yet it faces some of the world’s harshest climate impacts\u2014from droughts and floods to food insecurity and coastal erosion. At the same time, the continent continues to receive only a small share of global climate finance.<\/p>\n\n\n\n
That sounds like a crisis.<\/p>\n\n\n\n
But it could also become an economic turning point.<\/p>\n\n\n\n
Africa’s climate economy is emerging across renewable energy, climate-smart agriculture, green construction, electric mobility, recycling, carbon markets and climate-resilient infrastructure.<\/p>\n\n\n\n
The question is whether Africans will simply receive climate projects\u2014or build industries around them<\/strong>.<\/p>\n\n\n\n Kenya’s new carbon-market framework is one example of countries trying to create stronger rules around climate finance and carbon trading while ensuring projects contribute to national priorities and local benefits. Across the continent, the African Development Bank is also reporting growing momentum around green growth, climate investment and electricity access.<\/p>\n\n\n\n The opportunity is enormous.<\/p>\n\n\n\n Africa has vast renewable-energy potential, huge agricultural systems, young populations and natural ecosystems that the global economy increasingly values.<\/p>\n\n\n\n But climate finance must translate into African companies, African jobs, African technology and African ownership.<\/p>\n\n\n\n The climate economy should therefore not be presented only as a response to global warming.<\/p>\n\n\n\n It can be part of Africa’s industrial transformation.<\/p>\n\n\n\n The Africa We Want should not merely adapt to the climate economy being created elsewhere. It should become one of the places where that economy is built.<\/strong><\/p>","protected":false},"featured_media":1682,"template":"","meta":{"_acf_changed":false,"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false},"categories":[337,485],"tags":[589,593,585,191,588,590,591,586,587,592],"class_list":["post-1680","news","type-news","status-publish","has-post-thumbnail","hentry","category-agenda-2063","category-climate-change","tag-africaclimatecrisis","tag-africandevelopment","tag-africawewant","tag-agenda2063","tag-climatechange","tag-climateinnovation","tag-greeneconomy","tag-greenjobs","tag-renewableenergy","tag-sustainableafrica"],"acf":[],"yoast_head":"\n