Business a.m
Climate Action Africa (CAA), a social enterprise dedicated to advancing climate action in Africa, has announced the launch of the CAAF24 pre-event webinar focusing on climate finance in Africa.Â
The virtual event, scheduled for February 29, will convene a diverse group of experts and stakeholders who will explore the successes and challenges of climate finance in Africa, paving the way for a more sustainable future.Â
Moderators bringing diverse perspectives include Collins Otieno, climate change policy & development practitioner and lead, Climate Finance and Innovations (VCA); Sandra Guzmán Luna, low carbon development & climate finance specialist and founder, GFLAC; Otito Nwaigwe-Chukwu, ESG consultant & climate finance specialist and senior consultant, EarnMore Consultants; and Luke Moore, climate finance, adaptation, and programme design specialist, Zest Associates.
According to Climate Action Africa, the African continent is at a critical juncture in its fight against climate change. The region has abundant renewable energy resources and a vibrant young population that could help drive climate action. However, current funding gaps are severely hampering the continent’s ability to achieve its climate ambitions. The latest estimates show that Africa will need up to $2.8 trillion in climate finance by 2030 to meet the 1.5°C global warming target.Â
Grace Oluchi Mbah, co-founder and executive director of CAA, stated: “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.”
Through the CAAF24 Pre-Event Webinar, Climate Action Africa aims to generate constructive dialogue and collaboration on the critical issue of climate finance in Africa. The event will feature presentations on the latest data and analysis, as well as panel discussions with leading experts. Attendees will have the opportunity to hear from project leaders, policymakers, and finance specialists who will share their insights and perspectives on the challenges and opportunities facing Africa. The webinar will also include a Q&A session, providing an opportunity for attendees to pose questions and engage with the panelists.
The webinar is being held at a critical juncture, as countries around the world are preparing to submit their updated NDCs in 2025. By offering a forum for knowledge sharing, collaboration, and action, the webinar aims to ensure that all stakeholders are equipped with the necessary tools and strategies to meet the challenges of closing the climate finance gap, building capacity and expertise across Africa, and securing a climate-smart future for the continent and its people.Â
