Climate action is in danger of stalling with profound consequences for all countries, particularly the poorest. Overlapping crises—the war in Ukraine, COVID-19, surging inflation — could derail the investments required to tackle the climate crisis. It is vital to improve not only the quantity but also the quality of climate finance, making sure it reaches those most affected by climate impacts, prioritizing adaptation and resilience. Today only 10% of the global climate finance supports investments in adaptation, and only a fraction of that from the private sector. How can we scale up climate finance and deploy innovative tools, analytics and instruments to make better use of public resources, unlock private capital and channel resources to the most vulnerable? What are the challenges and solutions to financing global public goods and what is the role of private capital in the climate transition? This event will focus on ways to address climate and development needs together, supporting people and communities in the low-carbon, resilient transition.
Climate change is a fast-paced growing hazard in Africa, and climate justice has become more than a necessity in the continent today. Under this pillar, FAF focuses on giving young people a safe space to join the rest of the world in action and advocating for climate justice and environmental conservation to have young people at the forefront of combating climate change in Africa. Implementing adaptation and mitigation solutions to fight against the effects of climate change.