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Climate Financing

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Effects of climate change: Guludo on Ibo Island in Mozambique after Cyclone Idai struck in 2019. The country subsequently took out a $118 million loan from the IMF. (Zinyange Auntony/AFP)
CLIMATE CHANGE

Cyclone Idai: A case study for climate financing

The devastation caused by the 2019 cyclone goes beyond the destruction of infrastructure and this needs to be included during COP29 in Azerbaijan, in November

  • Patience Ukama
8 min read
some African countries have continued with coal-based energy production despite calls to wean economies from relying on environmentally unfriendly power generating projects. (Waldo Swiegers/Bloomberg via Getty Images)
AFRICA

Africa’s energy needs to top COP27 negotiations

UN Economic Commission for Africa says climate finance action has never been more urgent

  • Marko Phiri
4 min read
Infighting: Oil producer Saudi Arabia (oilfield pictured above) is opposing the United Arab Emirates’ wish to increase production far beyond agreed limits, fearing toppling prices. Photo: Simon Dawson/Bloomberg/Getty Images
AFRICA CLIMATE FOUNDATION

Critical climate plans hang on future international finance

Failing to invest in a greener economy could cost South Africa trillions, but calls to mobilise capital come amid fiscal strain

  • Tunicia Phillips
  • Sarah Smit
6 min read