Tag: climate finance
-
Reinforcing Private Capital Mobilization in Africa through Blended Finance
Introduction: Africa’s Financing Gap and the Promise of Blended Finance Africa faces a persistent shortfall in climate and sustainable development finance. Public budgets alone cannot bridge the vast investment needs in energy, infrastructure, adaptation, and resilient health systems. Blended finance—using public or philanthropic funds to leverage private capital—offers a pragmatic path to mobilize the substantial…
-
Reinforcing Private Capital Mobilization in Africa Through Blended Finance
Introduction: A Critical Financing Gap Africa faces a persistent gap between the financing needed to meet climate and sustainable development goals and the funds readily available from public sources. The Fourth International Conference on Financing for Development (FFD4), held in Seville, Spain, underscored the urgent need to mobilize private capital at scale. A key instrument…
-
Reinforcing private capital mobilization in Africa through blended finance
Why Africa Needs private capital for climate and development Africa faces a persistent financing gap for climate resilience, green infrastructure, and sustainable development programs. Public resources alone are insufficient to meet the continent’s ambitious goals, making private capital essential. The challenge is not just attracting funds but ensuring that capital is deployed in ways that…
-
Dr Glenn Gyimah outlines blueprint for private sector action in carbon markets at COP30
Introduction: A Ghanaian blueprint for carbon market action At COP30, Dr Glenn Kwabena Gyimah, General Manager of the Jospong Green Transition Office, presented a practical blueprint for how private enterprises in Ghana can move from carbon market readiness to tangible climate action. The discussion highlighted the role of the private sector in accelerating emission reductions,…
-
Nepal Gets $9.4M for Forest Carbon Credits under FCPF
Nepal Secures $9.4 Million for Forest Carbon Credits Nepal has received a substantial payment of 9.4 million U.S. dollars from the World Bank’s Forest Carbon Partnership Facility (FCPF) as part of its REDD+ Emission Reductions Program. The funds recognize the country’s efforts to reduce greenhouse gas emissions by safeguarding forests and promoting sustainable land use.…
-
Nepal Receives $9.4 Million for Forest Carbon Credits Under the Forest Carbon Partnership Facility
Nepal’s Latest Climate Finance Milestone Nepal has secured a significant climate finance victory, receiving 9.4 million USD from the World Bank’s Forest Carbon Partnership Facility (FCPF). The payment acknowledges Nepal’s ongoing efforts to reduce greenhouse gas emissions through its REDD+ Emission Reductions Program. In practical terms, the country successfully avoided or sequestered roughly 1.88 million…
-
Nepal Secures $9.4 Million for Forest Carbon Credits Under FCPF REDD+ Program
Overview: Nepal earns a significant milestone in forest protection Nepal has received a substantial payment of $9.4 million from the World Bank’s Forest Carbon Partnership Facility (FCPF) for its performance under the REDD+ Emission Reductions Program. The funding recognizes Nepal’s success in reducing greenhouse gas emissions by protecting and managing forests, a critical move in…
-
COP30 Week One: Just Transition Takes Center Stage as Draft Text Opens Door to Cautious Progress
Cautious Optimism and a New Focus at COP30 The opening week of COP30 closed with guarded optimism among negotiators. After days of slow progress and marathon plenaries, a new draft text marks a notable shift in climate diplomacy: the formal elevation of the concept of a just transition within the negotiations. This signal suggests a…
-
COP30 Week 1: Just Transition Gains Ground in Draft Text
Slow Start, Subtle Momentum The first week of COP30 concluded with cautious optimism among climate negotiators. After days of intense bargaining and meticulous drafting, a new text surfaced that marks a milestone for the talks: for the first time, the concept of a “just transition” is elevated within the negotiations’ formal language. While the pace…
-
COP30 Week One Ends Cautiously as ‘Just Transition’ Gains Traction in Draft Text
Overview: A Cautious Pause at COP30 The first week of COP30 closed with diplomats signaling cautious optimism rather than definitive breakthroughs. Negotiators reported slow progress amid the complex, multilayered process of climate talks, but a notable development emerged: a new draft text that formally elevates the concept of a “just transition” within the negotiating framework.…