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Climate change disruptions, development financing and Africa’s future after COP27

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  • George Kararach

    (African Development Bank Group)

Abstract

The Report of the Independent High-Level Expert Group on Climate Finance of 2022 chaired by Vera Songwe and Nicholas Stern noted that acting on climate should not be perceived as a cost but rather an opportunity to unlock new and better forms of growth across economies. New technologies provide opportunities for rapidly falling costs and resulting in tremendous co-benefits from climate action: livable cities; fruitful ecosystems; and new waves of innovation and learning. Sustained climate action is necessary for strong and inclusive growth and the attainment of the Sustainable Development Goals for the African continent included.

Suggested Citation

  • George Kararach, 2022. "Climate change disruptions, development financing and Africa’s future after COP27," Development Finance Agenda, Chartered Institute of Development Finance, vol. 7(3), pages 20-21.
    • Handle: RePEc:afj:journ4:v:7:y:2022:i:3:p:20-21
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-defa_v7_n3_a8
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