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Climate Finance and Inclusive Growth in Africa: Challenges and Policy Perspectives

In: Climate Change in Africa

Author

Listed:
  • George Nana Agyekum Donkor

    (ECOWAS Bank for Investment and Development)

  • Khadijah Iddrisu

    (Islamic University College)

  • Joshua Yindenaba Abor

    (University of Ghana Business School)

Abstract

Climate finance involves mechanisms for funding climate change mitigation and adaptation efforts. It includes financing actions that address climate change at local, national, or international levels. Funds may come from public, private, and other sources, consolidated to support initiatives aimed at mitigating and adapting to climate impacts. As a global priority, climate finance facilitates international cooperation to address climate change, supports decarbonisation strategies, and aligns with net-zero transition goals. It plays a crucial role in advancing Goal 13 of the Sustainable Development Goals (SDGs). This chapter discusses the importance of climate finance and to examine how it promotes inclusive growth in Africa. Specific issues covered in this chapter include climate finance: concepts and mechanisms; the landscape of climate finance in Africa; climate finance and inclusive growth nexus; and challenges of climate finance and inclusive growth. The chapter also discusses the policy perspectives on climate finance and inclusive growth.

Suggested Citation

  • George Nana Agyekum Donkor & Khadijah Iddrisu & Joshua Yindenaba Abor, 2026. "Climate Finance and Inclusive Growth in Africa: Challenges and Policy Perspectives," Advances in African Economic, Social and Political Development, in: Mohammed Amidu & Albert Ahenkan & Edward Asiedu (ed.), Climate Change in Africa, pages 405-434, Springer.
    • Handle: RePEc:spr:aaechp:978-3-032-15259-6_15
    DOI: 10.1007/978-3-032-15259-6_15
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