Climate Finance Outlook
Sub-regional realities of climate finance interventions across Africa
Introduction
Climate change is one of the defining development challenges of the 21st century, with Africa bearing a disproportionate share of its impacts despite contributing only a small fraction of global greenhouse gas emissions. The continent's high vulnerability stems from widespread poverty, dependence on climate-sensitive sectors such as agriculture, and limited adaptive capacity. Globally, climate-related damages to agriculture, infrastructure, health, and productivity are projected to cost approximately USD 38 trillion annually by 2050, reducing global incomes by about 19% (Kotz et al., 2024). Africa is expected to experience some of the largest income losses.
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