Financing sustainable energy access in African NDCs

Climate Finance Innovators

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Abstract: This study presents the results of a long-term practical engagement of the Climate Finance Innovators (CFI) project on how deeper and broader linkages between carbon markets and climate finance can accelerate climate action in Africa. A key objective was to identify new funding sources for programmatic activities with high sustainable development impacts that were initiated under the CDM but whose business case had been eroded by the decline in carbon prices. At the same time, the aim was to generate lessons learned about how the comprehensive carbon market toolbox such as baseline and monitoring methodologies could strengthen new climate finance instruments.