posted on 2024-09-05, 22:35authored bySams Dine Sy
While the level of uncertainty enriched by the climate wars hypothesis, controversial moves on the
finance field. Breaking with development aid and the conventional financial system, the climate
financing enters a period of radical uncertainty. Data and information collected over the COP held, can
lay the groundwork for a financial prospective. The study proposes socio-economic and financial
scenarios inspired by the IPCC approach in assessing transformation with representative
socioeconomic evolution pathways.
The vision of long-term cooperative action allows to raise more funds to expand developing countries
participation in the effort of data collection, development of good practice and guidelines. But
reducing the time taken for adaptation and mitigation may lead to more radical solutions are needed to
lower the temperature.
The study proposes that Africa should adhere to the vision of development erga omnes around a futureresilient
financial system. The study recommends the setting of an Inter-Governmental Panel on
Climate Financing to solve the problem of the transformation of global savings in very long term
investment and to periodically report on the performance of the Global Investment Fund.
Africa will also integrate the global value chain of carbon finance and to structure the innovation system
with "clean tech" and "green business". Finally the study recommends several initiatives to provide
financial support for large scale geoengeneering through reforestation, sequestration and storage of
CO2 and solar radiation management.
Keywords: Africa | climate | financing| prospective | resilience| development | innovation
History
Publisher
African Capacity Building Foundation
Citation
Sy, Sams Dine (2011) Financement du développement résilient au climat en Afrique : évaluation prospective, cadre stratégique et plan d'action. ACBF occasional papers, no.16. Harare: ACBF.