Africa needs US$2.8T between 2020–2030 (~US$280B/yr) to meet climate goals. But in 2021/22, financing was only US$44B — up 48% from the 2019/2020 period, but still far below what’s required. 🧵(1/7)
1
1
78
2/ The gap is huge. Current flows cover only about a quarter of what Africa needs annually. Without scaling investment, meeting 2030 targets will be nearly impossible.
1
1
11
3/ Who’s paying?
- 90% of funding comes from international sources
- Domestic finance is just 10% (~US$4.2B)
- African government contributions actually fell from US$1.6B to US$1B.
1
1
15
4/ Multilateral Development Banks are key, providing US$19B (43% of total). Private finance doubled to US$8B, but it’s still only 18% of flows — much lower than in other regions.
1
1
19
5/ Where does it go?
- Clean energy received ~US$14B (1/3 of flows), but the continent needs US$200B per year for a true transition.
- The top 10 countries absorb nearly half of all funds, while many nations are left behind. 🇪🇬🇿🇦🇳🇬🇲🇦🇪🇹🇹🇿🇰🇪🇨🇮🇨🇩🇲🇿
1
1
1
47
7/ Growth is real, but the gap is urgent. Scaling private finance, but most importantly mobilising local capital, and ensuring fair distribution across countries will be critical to Africa’s climate future.
Learn more: fsdafrica.org/new-report-fin…
Aug 29, 2025 · 2:59 PM UTC
1
45