The State of Climate Finance in Africa

The report estimates that implementing Africa's NDCs from 2020 to 2030 will cost USD 2.8 trillion, with a funding gap of USD 2.5 trillion. Current annual flows of USD 30 billion meet only 12% of the required USD 250 billion annual need. Mitigation accounts for 66% of needs, while adaptation accounts for 24%, though the latter is likely underestimated.

• Implementing Africa's NDCs between 2020 and 2030 is estimated to cost approximately USD 2.8 trillion. African governments have committed USD 264 billion in domestic public resources, which is about 10% of the total cost, leaving a 'climate finance need' of USD 2.5 trillion to be met by international public sources and the private sector.
• There is a significant gap between current climate finance flows and the required needs. Africa requires an average of USD 250 billion per year to meet its 2030 goals, but total annual flows in 2020 were only USD 30 billion, representing about 12% of the needed amount.

APA

Guzmán, S., Dobrovich, G., Balm, A., & Meattle, C. (2022). The State of Climate Finance in Africa. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2022/06/Climate-Finance-Needs-of-African-Countries-1.pdf

Chicago

Guzmán, Sandra, Greta Dobrovich, Anna Balm, and Chavi Meattle. The State of Climate Finance in Africa. Climate Policy Initiative, 2022. https://www.climatepolicyinitiative.org/wp-content/uploads/2022/06/Climate-Finance-Needs-of-African-Countries-1.pdf.

Wikipedia

{{cite report |last1=Guzmán |first1=Sandra |last2=Dobrovich |first2=Greta |last3=Balm |first3=Anna |last4=Meattle |first4=Chavi |title=The State of Climate Finance in Africa |publisher=Climate Policy Initiative |date=June 2022 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2022/06/Climate-Finance-Needs-of-African-Countries-1.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{guzmn2022state, author = {Guzmán, Sandra and Dobrovich, Greta and Balm, Anna and Meattle, Chavi}, title = {{The State of Climate Finance in Africa}}, institution = {Climate Policy Initiative}, year = {2022}, month = jun, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2022/06/Climate-Finance-Needs-of-African-Countries-1.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }