Climate Change and Select Financial Instruments: An Overview of Opportunities and Challenges for Sub-Saharan Africa

Year Published

2022

Contributing Organizations

International Monetary Fund (IMF)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate & Transition Finance

Target Audience

Asset Owners

Asset Managers

Banks

Financial Services Providers

Insurers

Relevant Geography

Africa

Resource Description

This resource reviews progress toward the $100 billion climate finance commitment and outlines priorities for designing a more effective and equitable post-2025 goal.

Why This Matters

A credible post-2025 climate finance goal is essential for restoring trust, supporting vulnerable countries, and enabling climate ambition.

Key Insights

Finds climate finance remains inadequate, unpredictable, and poorly targeted, especially for adaptation and vulnerable countries
Notes the lack of clear definitions hinders transparency and tracking of finance flows
Recommends a post-2025 goal with sub-targets for adaptation, loss and damage, and grant-based finance
Calls for simplified access, stronger country ownership, and inclusive governance
Emphasizes the need for robust tracking and accountability mechanisms

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