Philanthropy has a key role to play in catalyzing financing in support of climate mitigation efforts in Africa — efforts with the potential to boost economic and/or social development by increasing productivity and reducing poverty, unemployment, and inequality, a report from the ClimateWorks Foundation and Good Energies Foundation argues. The report, Opportunities for Climate Philanthropy Engagement in Africa (19 pages, PDF), found that despite the fact that emissions across Africa are projected to increase more than two and a half times current levels by 2050, the continent receives less than 3 percent of global philanthropic funding for climate-mitigation efforts. Among other things, the study identifies opportunities for funders to shape systemic transformations as well as sector-specific and cross-cutting opportunities designed to mitigate each of the four drivers of emissions growth — urbanization, electrification, industrialization, and land use change. At the systems level, for example, philanthropy could support the development of holistic urban planning and design frameworks, efforts to advance multi-sector electrification, integrated industrial planning and policy design that drives low-carbon industrialization, and integrated policies for land use and restoration, while at the sector-specific level funders could promote energy-efficient buildings, on- and off-grid renewables, low-carbon manufacturing, and climate-smart crop management.
(Photo credit: ClimateWorks Foundation)