Platform for African – European Partnership in Agricultural Research for Development

Tuesday, March 5, 2024

Climate Change and the African Financial Sector

 5 March 2024 Climate Change and the African Financial Sector

Making Finance Work for Africa (MFW4A) and Climate Finance and Investment Accelerator Limited (CFIA), in partnership with the African Financial Alliance on Climate Change (AFAC) are organizing a post COP28 Dialogue where high-level panelists will share their insights and views on the discussions held during the COP events (COP26, COP27, and COP28) and on how African financial institutions can build from it to endorse its catalytic role in climate change. 

The session was an opportunity to showcase the initiatives carried on by the institutions represented and identify synergies between them. Exploring policy reforms, market initiatives, and the development of eligible climate change related pipelines, including incentives and new access classes, to unlock institutional savings and upscale investments in sustainable infrastructure. 

The discourse on climate change and development is now inseparable; the two are no longer mutually exclusive. As African countries revise their nationally determined contributions in 2025, elevating ambition in targets for food and energy becomes imperative, all the while steadfastly maintaining a focus on overall development. The challenge lies in synergizing climate action with developmental goals, recognizing the interconnectedness of these realms. The key lies in crafting ambitious targets that not only address climate concerns but also propel sustainable development, ensuring a harmonious and mutually reinforcing trajectory for the continent.

A panel of financial professionals evaluated these critical issues.
  • Opening remarks - Ade AYEYEMI, Supervisory Board Chairman, MFW4A
  • Moderator - Olumide LALA, CEO Climate Finance & Investment Accelerator Ltd
  • Rachael ANTWI, Head of Group Sustainability and ESG, ECOBANK
  • Oluranti DOHERTY, Director Export Development, AFREXIMBANK
  • Davinah UWELLA-MILENGE, Principal Program Coordinator, Climate Change and Green Growth Department, AfDB
Related:
Webinar: Mobilizing Africa's Financial Sector for Low-carbon and Climate resilient Development

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