Sub-Saharan Africa is the region that has contributed the least to the global accumulation of greenhouse gas emissions, but is the most vulnerable to the impact of climate change. It is estimated that the total cost of Africa’s adaptation to climate change will be at least $18 billion a year by 2030. The funding that is currently delivered is far from fulfilling these needs.
A number of actors are involved in adaptation, mitigation and REDD activities within the region, although mitigation projects dominate current activity. South Africa is the largest recipient of climate finance.
A relatively small amount of global climate finance has reached Sub-Saharan African countries, particularly the poorest countries in the region. One of the main barriers to investment is the transaction costs of small scale projects that are often required in the poorest areas, and the difficulty of designing and implementing such programs in ways that are financially viable.
The content on this page is taken from the Climate Finance Fundamentals publication series. Download the 'Regional Briefing - Sub-Saharan Africa':
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