Regional implications of the AGF recommendations: Africa

The document outlines the necessity of increasing climate investment in Africa, emphasizing the immediate need for public concessional funding for development and the role of private investment in low-carbon energy. It discusses the volatility of revenue sources tied to carbon prices, the need to compensate African countries for increased trade costs from international transport levies, and the requirement for carbon market reforms, including the inclusion of land-use change emissions, to attract investment.

• Africa faces a substantial shortfall in climate investment. While the AGF goal of US$100 billion per year by 2020 may be insufficient, the report suggests credible options to reduce this gap.
• Public concessional funding is the immediate priority for Africa to support 'win-win' investments that simultaneously reduce climate vulnerability and promote economic development in areas such as institutional development, literacy, and public health. Private investment is specifically highlighted as essential for meeting growing energy demands through low-carbon technologies.
• Revenue sources like levies on international transport and the auctioning of emission allowances are subject to carbon price fluctuations. To achieve the US$100 billion target, the AGF suggests that developed world emission cuts must be deep enough to maintain a stable carbon price between US$20 and US$25 per tonne.
• International transport levies are expected to raise trade costs for African nations, necessitating a compensation mechanism. The document asserts that such compensation can be designed without significantly depleting climate-finance resources.
• Carbon markets currently fail to work for Africa, despite their potential to deliver low-carbon investment. Necessary improvements include incorporating land-use change emissions into these markets and broader reforms to the continent's investment climate to attract the private sector.

APA

Fankhauser, S., & Ward, J. (2010). Regional implications of the AGF recommendations: Africa. Climate and Development Knowledge Network. http://cdkn.org/wp-content/uploads/2010/12/AGF-Implications-Africa-CDKN-Precis.pdf

Chicago

Fankhauser, Sam, and John Ward. Regional implications of the AGF recommendations: Africa. Climate and Development Knowledge Network, 2010. http://cdkn.org/wp-content/uploads/2010/12/AGF-Implications-Africa-CDKN-Precis.pdf.

Wikipedia

{{cite report |last1=Fankhauser |first1=Sam |last2=Ward |first2=John |title=Regional implications of the AGF recommendations: Africa |publisher=Climate and Development Knowledge Network |date=November 2010 |url=http://cdkn.org/wp-content/uploads/2010/12/AGF-Implications-Africa-CDKN-Precis.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fankhauser2010regional, author = {Fankhauser, Sam and Ward, John}, title = {{Regional implications of the AGF recommendations: Africa}}, institution = {Climate and Development Knowledge Network}, year = {2010}, month = nov, url = {http://cdkn.org/wp-content/uploads/2010/12/AGF-Implications-Africa-CDKN-Precis.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }