Climate Finance
Africa accounts for less than 4% of the global greenhouse gas emissions but finds itself on the frontline of the climate emergency. The IGAD region remains among the most vulnerable, disproportionately bearing the brunt of climate change. Africa continues to lose five per cent to 15 per cent of its per capita economic growth due to the effects of climate change.
Adaptation remains the highest priority; however, overall climate adaptation funding has been underwhelming, accounting for only 24% of the total climate finance needs identified. Africa needs USD 2.8 trillion to implement its Nationally Determined Contributions under the Paris Agreement between 2020 and 2030, yet, annual climate finance flows stand at only USD 30 billion.
IGAD CAEP supports Member States in transforming their development pathways by putting climate adaptation and resilience at the centre of their policies, programs, and institutions. However, implementation requires financial resources.
What We Do
- Advocate for and support efforts for enhanced climate adaptation funding for IGAD Member States to implement their National Adaptation Plans and Updated Nationally Determined Contributions (2020-2030) under the Paris Agreement.
- Advocate for and support Member States in attaining new accreditations and enhancing existing National Implementing Entities (NIEs) to accelerate access to climate finance, country ownership, and sustainable adaptation actions.
- Support efforts to enhance the enabling environment for financial resource mobilisation and catalysing public and private investments
- Support Member States and regional organisations in enhancing institutional and technical capacities for developing and implementing climate change adaptation projects in line with national development agenda and regional priorities.
Contact Us
Phone Number:
(+252) 617 963 284
icaep@igad.int
Location:
KM5, Afgoye Road, Mogadishu, Somalia
Sat – Thurs: 8:00 am – 5:00 pm
Organization
Useful Links
News & Updates
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Connect With Us
Contact Us
Phone Number:
(+252) 617 963 284
icaep@igad.int
Location:
KM5, Afgoye Road, Mogadishu, Somalia
Sat – Thurs: 8:00 am – 5:00 pm
Organization
Useful Links
News & Updates
Signup to receive the latest IGAD CAEP news, articles, and resources, sent straight to your inbox every month.