Policy Brief Building the capacity towards climate financing in Africa

The impacts of climate change have far-reaching • Climate finance flows need to align with national implications across all sectors of the economy, with direct climate priorities of the countries. [...] This brief presents highlights of the reflections of participants and Climate finance is critical to achieving the nationally those of the “Mobilizing Development Finance for Strategic determined contributions (NDCs) established under the 2015 and Scaled-up Investment for Climate Change Adaptation” Paris Agreement. [...] ensure consistency between funding needs and national priorities Recognizing both the challenges posed by climate change and the unique capacity of climate finance, African Center Most countries have put in place policies and strategies to for Technology Studies (ACTS) conducted a Climate Action support climate action and more specifically climate finance Peer Exchange (CAPE), following a training. [...] coordination results in information and climate finance The Climate Resilient Green Economy (CRGE) strategy access challenges, and duplication of efforts (Wachira et estimates annual spending of $7.5billion to support climate al.,2021) which may pose a challenge to the already limited action. [...] The NCCF facilitates the blending of multiple sources of finance in For instance, in Kenya, the technical management of climate a coordinated way to mobilise new and additional resources change is undertaken within the Ministry of Environment to support climate action.