International
Asia Pacific
EMEA
North America
Latin America
Numerous initiatives aimed at building Africa’s climate resilience were announced at the 28th Conference of the Parties (COP 28) in Dubai in December 2023, including the establishment of green banks, greenhouse gas trading systems, public-private partnerships, transformative financing measures such as green bonds and sustainability-linked instruments, as well as a host of new funding pledges. Some of the key announcements impacting Africa are listed below.
Loss and damage
Multilateral development banks
Public-private partnerships
Several initiatives were announced by AfDB during COP 28, including:
Country announcements
With financing pledged from the world's major players, numerous climate adaptation initiatives announced, the participation of MDBs and DFIs to facilitate and innovate the financing process and the increasing mobilisation of the private sector in climate resilience projects, African countries are slowing gaining access to the vast funding needed to fortify the continent against the impact of climate change. While much more still needs to be done, these collaborative initiatives mark progress towards a more climate-resilient and sustainable future for the African continent.
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