Workshop Report Towards an African Adaptation Finance Agenda for COP27

The report outlines key messages from a community of practice workshop in Addis Ababa, Ethiopia, focused on scaling and improving the effectiveness of adaptation finance in Africa. It provides specific recommendations for the public sector, private sector, and strategic partnerships to support the African climate agenda ahead of COP27.

• The public sector should implement National Adaptation Financing Frameworks to overcome finance access barriers and use budget tagging at national and sub-national levels to track climate adaptation expenditure. Additionally, governments are encouraged to develop taxonomies, such as South Africa's Green Finance Taxonomy, to assist investors.
• To increase private sector engagement, NDCs and climate frameworks must explicitly identify private sector opportunities, and private sector bodies should be involved in policy design. The report suggests using innovative insurance, such as index-based insurance used in Kenya and Zambia, to de-risk investments.
• The workshop recommends the creation of an African Coalition on Adaptation Finance and the use of public finance to crowd in private investment, citing Nigeria's green bond market as an example. It also highlights the importance of partnerships for developing bankable projects and implementing debt-for-climate swaps.

APA

Benkenstein, A., Müchler, B., Gebrehewet, L. G., & Negassa, M. K. (2022). Workshop Report Towards an African Adaptation Finance Agenda for COP27. South African Institute of International Affairs. https://saiia.org.za/wp-content/uploads/2022/11/COP27-African-Adaptation-Finance-Agenda_Workshop-Report_KAS-SAIIA.pdf

Chicago

Benkenstein, Alex, Benno Müchler, Lewi Goytom Gebrehewet, and Muleta Korme Negassa. Workshop Report Towards an African Adaptation Finance Agenda for COP27. South African Institute of International Affairs, 2022. https://saiia.org.za/wp-content/uploads/2022/11/COP27-African-Adaptation-Finance-Agenda_Workshop-Report_KAS-SAIIA.pdf.

Wikipedia

{{cite report |last1=Benkenstein |first1=Alex |last2=Müchler |first2=Benno |last3=Gebrehewet |first3=Lewi Goytom |last4=Negassa |first4=Muleta Korme |title=Workshop Report Towards an African Adaptation Finance Agenda for COP27 |publisher=South African Institute of International Affairs |date=2022 |url=https://saiia.org.za/wp-content/uploads/2022/11/COP27-African-Adaptation-Finance-Agenda_Workshop-Report_KAS-SAIIA.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{benkenstein2022workshop, author = {Benkenstein, Alex and Müchler, Benno and Gebrehewet, Lewi Goytom and Negassa, Muleta Korme}, title = {{Workshop Report Towards an African Adaptation Finance Agenda for COP27}}, institution = {South African Institute of International Affairs}, year = {2022}, url = {https://saiia.org.za/wp-content/uploads/2022/11/COP27-African-Adaptation-Finance-Agenda_Workshop-Report_KAS-SAIIA.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }