ATTS 2024 underscored Africa's diverse climate financing options and the need for unified, strategic approaches to maximize impact. Under the "Evidence-Based Strategies for Sustainable Climate Financing in Africa" theme, participants highlighted public and private funding sources, including grants, green bonds, debt guarantees, loans, and global carbon markets, as critical tools for mitigating climate change and building resilience. Green bonds for sustainable projects and revenue generation through carbon markets were explored as potential options. However, challenges persist, including insufficient resources, low prioritization of climate issues, and the absence of cohesive strategies. These barriers hinder Africa’s ability to tap into its financing potential. The stakes are dire. For example, without urgent action, the Ivory Coast faces GDP losses of 13% by 2050, with devastating socio-economic impacts such as reduced cocoa production and increased poverty. The Summit called for Africa to prioritize climate action by leveraging available financing options, establishing effective structures, and developing inclusive, long-term strategies to secure a sustainable future. (https://elibrary.acbfpact.org/acbf/collect/acbf/index/assoc/HASH01b5/9c3c950a/061d52d6/156e.dir/ATTS%20Report%202024.pdf)
