Africa’s urban challenges are complex. Cities need tailored, endogenous solutions which work for their residents. It also means that the scale of projected investments to drive compact, connected and clean urban development is varied and depends on country-specific characteristics, as are the challenges of financing these investments.
During this session we will launch the Financing Africa’s Urban Opportunity report, which addresses financing Africa’s green urban transition; highlights urban opportunities; makes the economic case for sustainable urban infrastructure investment; and outlines financing solutions for low-carbon urban development applicable to the whole region.
Examples from South Africa, Ethiopia, and Kenya demonstrate the economic benefits of the deployment of urban climate investments specifically in the buildings, transport, and energy sectors.
This session will focus on the financing gaps for city climate action, emphasizing the great investment opportunities African cities provide. It will bring together national and sub-national government decisionmakers, high-profile climate and civil society leaders, and private sector representatives to explore and identify ways to implement the recommendations outlined in the report. The session will also consider how these three groups can effectively coordinate to support and finance low-carbon and inclusive cities, while building capacity for such a transformation at the local level.
11:00am- 12:30pm EDT/ 16:00-17:30 BST
18:00- 19:40 GMT+3