The analysis and disclosure of climate-related financial impacts are important to achieving a sustainable and timely transition to a low carbon future.

Getting Africa’s financial sector ready to cope with climate risk is vital for a smooth transition to net-zero emissions and resilience, according to a new report by three global institutions. The report was launched by the African Financial Alliance on Climate Change (AFAC) at the COP26 climate conference.

Assuming the COVID-19 pandemic ends or that successful vaccination programs are implemented, Southern Africa is projected to grow 3.2 percent in 2021 and 2.4 percent in 2022. But this recovery will be inadequate given the region’s estimated 6.3 percent contraction in 2020.

Increasing the transparency and accountability of urban climate governance in this way will serve as a starting point for identifying investment gaps and exploring opportunities for mobilizing new resources.

The African Development Bank and partner institutions of the Africa NDC Hub have published a flagship report on the status of Nationally Determined Contributions (NDCs) in Africa and the imperative for climate finance innovation.

This report analyses the current state of knowledge regarding the role of Nature-based Solutions (NbS) in climate change mitigation. It shows that in order to keep temperature rising to 1.5 degrees and achieve net zero by 2050 a significant contribution from NbS is both necessary and possible, provided the necessary finance is made available.

Most of the policy measures introduced in 2020 and 2021 as a response to the socioeconomic crises induced by the COVID-19 pandemic focused on addressing health concerns and a speedy economic recovery.

Real gross domestic product growth in North Africa was largely negative in 2020, at -1.1% with a -5.1 percentage point drop over 2019, the African Development Bank’s 2021 edition of the North Africa Economic Outlook reports.

This report describes the potential financial outcomes that can be expected from successful development of a GBS vaccine that can attain global registration. The report also assesses whether specific additional financing is required to support the clinical development activities.

This report explores the linkages between water risks, water impacts, and financial markets. It showcases how water risk and impact analysis at portfolio and security level could be conducted and proposes recommendations for financial institutions on how to engage with water risks moving forward.