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Global climate finance more than doubled between 2018 and 2022, reaching USD 1.46 trillion in 2022, yet remains far below the USD 7.4 trillion annual average needed by 2030 for a 1.5°C scenario. Mitigation finance dominates the landscape, driven by renewable energy and electric vehicles in advanced economies and China, while adaptation finance, though growing, remains severely underfunded, particularly for Least Developed Countries (LDCs) and Small Island Developing States (SIDS). The report highlights a critical imbalance, noting that fossil fuel subsidies reached USD 1.4 trillion in 2022, nearly equaling total climate finance. It recommends reforming the global financial architecture through increased concessional finance, risk mitigation, and the redirection of fossil fuel expenditures to close the investment gap.

The report finds that while climate finance in Africa grew by 48% to USD 43.7 billion in 2021/22, it remains severely insufficient, meeting only 23% of the annual needs required for NDC implementation. Public finance dominates the landscape, providing 82% of total flows, while private finance is heavily concentrated in energy systems and a small number of countries. The document highlights a critical 'trilemma' where climate-vulnerable countries are also debt-distressed and conflict-affected, further hindering their ability to attract investment. Key recommendations include scaling the use of guarantees, improving domestic capital market regulations, and enhancing the transparency and equity of voluntary carbon markets.

In 2021/22, Nigeria received USD 2.5 billion in climate finance, a 32% increase from 2019/20, yet this remains far below the estimated annual need of USD 29.7 billion. Public actors provided 70% of the funding, led by multilateral development finance institutions (DFIs), while private finance accounted for 30%, primarily driven by corporate investments in solar PV. Mitigation efforts, particularly in energy systems, dominated the landscape, while adaptation finance reached only USD 735 million, covering just 6% of annual needs. The report highlights a heavy reliance on debt-based financing, which is concerning given Nigeria's high debt-servicing costs. Key barriers include the high cost of capital, a lack of bankable projects, and data gaps. The authors recommend operationalizing the National Climate Change Fund, prioritizing anticipatory adaptation, and pursuing innovative financing such as green bonds and debt-for-climate swaps.

The methodology for the Landscape of Climate Finance in Africa 2024 describes the framework used to identify and categorize climate finance flows. It employs a taxonomy to distinguish between mitigation, adaptation, and dual-benefits finance across sectors such as energy, transport, and agriculture. The approach relies on a mix of public and proprietary data from sources like the OECD, BNEF, and the World Bank, while acknowledging significant gaps in domestic public expenditure tracking and private sector reporting. The document also details the classification of African countries by subregion and income status.

The report finds that Australia, Canada, and the UK (the "Big Three") have historically and currently dominated fossil fuel extraction emissions within the Commonwealth. While these wealthy nations have the highest emissions, they are the least economically dependent on fossil fuel rents. In contrast, lower- and middle-income countries like Nigeria and Papua New Guinea are more exposed to financial risks from carbon liabilities. The report concludes that Commonwealth production plans are inconsistent with the 1.5°C goal, with the Big Three's share of the gap between Business as Usual and Net Zero scenarios exceeding 50%.

Climate finance in Africa grew by 48% between 2019/20 and 2021/22, reaching USD 43.7 billion, yet this remains only 23% of the annual funding required to meet 2030 NDC goals. Public finance dominates the landscape, providing 82% of total flows, while private finance is heavily concentrated in energy systems and a small number of countries. The report highlights a critical 'trilemma' where climate-vulnerable countries are often simultaneously debt-distressed and conflict-affected, further hindering their access to grants and affordable capital. Key recommendations include reforming domestic fiscal policies to remove fossil fuel subsidies, scaling the use of guarantees to de-risk private investment, and leveraging domestic institutional assets, such as pension funds, to reduce reliance on international debt.

The Institute for Economic Justice proposes a universal basic income guarantee (UBIG) as a foundational safety net for South Africa's transition from fossil fuels to clean energy. The document asserts that while targeted support for displaced workers is necessary, a UBIG is essential to cover those indirectly affected, such as informal workers and carers, and to prevent people from falling through gaps in social protection. It highlights international evidence from countries like Bangladesh, Brazil, and Ethiopia to demonstrate how cash transfers mitigate climate-induced crises and reduce negative coping strategies. Furthermore, the text argues that a UBIG facilitates environmental adaptation by providing the financial stability needed for reskilling and sustainable consumption, while promoting a more equitable distribution of climate risks between the Global North and Global South.

The AfCFTA Protocol on Digital Trade, adopted in February 2024, aims to create a comprehensive regulatory framework to facilitate digital commerce across Africa. It covers 52 articles across 11 sections, addressing market access, data governance, and digital inclusion. While it mirrors advanced global models like the CPTPP, it includes specific provisions for digital inclusion and capacity building to support Least Developed Countries. However, its success depends on overcoming significant infrastructure gaps, regulatory fragmentation, and the completion of eight pending annexes.

The AfCFTA Protocol on Digital Trade (DTP), adopted in February 2024, establishes a comprehensive framework to facilitate digital trade across Africa through 52 articles covering market access, data governance, and digital inclusion. While it aims to unlock a digital economy potentially worth USD 712 billion by 2050, its success depends on the finalization of eight pending annexes and the ability of member states to overcome significant infrastructure gaps and regulatory fragmentation. The protocol emphasizes digital inclusion and capacity building, though critics argue its data flow and source code provisions may favor large tech firms over local technology transfer.

The report identifies soil acidity as a critical threat to food security and agricultural sustainability in East Africa, noting that over 60% of arable land in the region is degraded. It proposes a holistic approach centered on 'high-priority areas' (HPAs) where interventions can be scaled. The core strategy involves combining the application of agricultural lime with integrated soil fertility management (ISFM) practices, such as crop rotation and organic matter application. To achieve this, the report recommends scaling up soil testing via rapid kits, increasing farmer awareness through community-based extension agents, and developing a robust lime value chain by engaging private sector actors and optimizing last-mile distribution.

The report examines the intersection of Africa's blue economy and the Youth, Peace and Security (YPS) agenda, arguing that youth inclusion is essential for sustainable development and maritime security. It identifies climate change, a burgeoning youth population, and coastal migration as critical trends that can either destabilize coastal regions or be harnessed for growth. The document highlights the potential for the blue economy to generate up to US$405 billion by 2030 and provides examples of youth-led initiatives in aquaculture, conservation, and maritime security across various African nations. It concludes that a multidimensional approach, exemplified by the Great Blue Wall initiative, is necessary to build resilience and prevent the radicalization of marginalized youth by providing viable economic alternatives.

The document examines the role of migrant remittances as a resilient financial flow to Africa, highlighting their potential to bypass bureaucratic barriers in climate adaptation. It notes that while remittances reached US$100.1 billion in 2022, high transaction costs and low climate literacy hinder their effectiveness. The brief recommends lowering remittance costs, enhancing diaspora engagement through mechanisms like diaspora bonds, and improving climate literacy to empower local communities in building resilience.

The study estimates that Lagos State has approximately 19 GW of genset capacity, producing 39 million tons of CO2 equivalent annually. High upfront costs are the primary barrier to solar adoption, despite strong interest from households and MSMEs. The report advocates for lease-to-own models and standardized solar designs to replace petrol and diesel generators.

The report outlines a comprehensive strategy for transitioning Nigeria's mass transportation to electric buses, emphasizing the Gross Cost Contract (GCC) as the most viable procurement model. It identifies the transport sector as a major emitter, contributing approximately 15% of national greenhouse gas emissions. Using Lagos as a primary case study, the document details technical specifications for e-buses, charging infrastructure requirements, and the financial benefits of a Total Cost of Ownership (TCO) approach. It recommends a phased 24-month implementation plan and policy reforms to encourage local assembly and renewable energy integration for charging.

The document examines Africa's potential to enter the solar PV manufacturing value chain, highlighting its abundance of critical minerals like copper and tin and high solar irradiance. It identifies significant barriers, including China's dominance of over 80% of the global value chain, high capital requirements for polysilicon production, and a lack of domestic technological capacity. The authors argue that individual African countries lack the resources to compete and instead recommend a regionalized strategy to pool resources and achieve economies of scale.

The research paper argues that German-African industrial relations are underperforming due to a skewed German perception of Africa as a crisis-ridden region rather than a diverse set of economic opportunities. It highlights the growth of several African economies and the potential of the African Continental Free Trade Area (AfCFTA), while noting that German business engagement remains low and government strategies are often uncoordinated and paternalistic. The authors recommend that Germany replace aid with trade and investment, particularly in green hydrogen, and that African governments increase transparency and infrastructure to attract foreign direct investment.

The policy brief argues that African countries face a crisis of 'debt that is too expensive' rather than too much debt, which hinders human development and the energy transition. It proposes a Cost of Capital Commission composed of high-level experts to recommend reforms to credit rating agency methodologies, Basel III macro-prudential regulations, and the integration of natural capital and remittances into debt sustainability analyses.

The report highlights the critical role of methane mitigation in Nigeria's oil and gas sector, noting that methane has over 80 times the global warming potential of carbon dioxide over 20 years. It details Nigeria's commitment to the Global Methane Pledge and its specific target to reduce oil and gas methane emissions by 61% in its updated NDC. The document identifies key tools like the Nigerian Gas Flare Tracker and the prototype Satellite-based Methane Emission Tracker as essential for measurement and verification. However, it warns that inadequate curbing of gas flaring and new EU regulations on fossil fuel imports by 2030 pose significant risks to Nigeria's LNG exports and economic stability. The authors advocate for enhanced leak detection and repair (LDAR) technologies, robust regulatory enforcement, and international collaboration to meet the national goal of ending gas flaring by 2030.

The Energizing Agriculture Programme (EAP) in Nigeria demonstrated that switching to electric productive uses of energy (PUE) can reduce agribusiness energy costs by up to 82% and significantly lower the levelized cost of energy for minigrid developers. The report details the deployment of 269 pieces of equipment and provides strategic recommendations for governments, companies, developers, investors, and donors to scale integrated energy-agriculture solutions.

The document serves as a summary of the methane reduction landscape in Nigeria's oil and gas industry, drawing on a broader landscape mapping report to highlight policy and regulation frameworks aimed at reducing greenhouse gas emissions.