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Context Instead of Carbon: Why Climate Finance in Africa Must Shift its Focus from Mitigation to Adaptation
Global climate action has long been framed through a binary lens: either mitigation or adaptation. As Sheena Raikundalia at Kuza One explains, this framework shapes how funding flows, how projects are designed and even how “success” is measured: Mitigation attracts the bulk of funding because it produces measurable carbon outcomes and enables high-emitting countries to meet their net-zero targets, while adaptation's local benefits are harder to quantify, commodify or sell. She argues that this imbalance risks turning African landscapes into carbon farms for the Global North, and also obscures the fact that many of Africa’s most climate-smart solutions could be promising investments — if the current financing architecture would support them. NOTE: In celebration of our 20th anniversary, NextBillion is highlighting key guest articles from our two decades online. We’re currently focusing on the healthcare sector: You can read these featured articles below.
- Categories
- Agriculture, Environment, Investing
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Clean Cooling Collaborative Receives $30 Million Gift to Expand Access to Efficient, Climate-Friendly Cooling
By making cooling solutions more sustainable — and expanding access to them — we can protect people and the planet.
- Categories
- Environment, Health Care
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New Report Warns of Mounting Planetary Crises — and Pathways to Hope
The 7th edition of the Global Environment Outlook (GEO-7), produced by 287 scientists from 82 countries, finds that environmental decline is costing trillions of dollars annually and that pollution contributes to about 9 million premature deaths annually.
- Categories
- Environment
- Region
- Global
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Standard Chartered Leads $200 Million Article 6 Bond For Clean Cooking In Ghana
The instrument, issued by the World Bank’s International Bank for Reconstruction and Development (IBRD), is designed to channel private capital into projects that cut emissions while addressing public health and social challenges linked to traditional cooking fuels.
- Categories
- Environment, Health Care
- Region
- Sub-Saharan Africa
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British International Investment Achieves Over £300 Million in Green Energy Commitments Across South-East Asia
British International Investment (BII), the UK’s development finance institution (DFI) announced it has committed £308 million in climate finance across South-East Asia during its current strategy period, advancing its ambition to invest up to £500 million by 2026.
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- Environment, Finance
- Region
- South Asia
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Touchstone Partners Launches US $10 Million Green Transition Fund at Net Zero Challenge Finale
Each funded climate-tech startup in Vietnam and Southeast Asia will receive capital alongside coaching and strategic guidance from Touchstone Partners and its advisory network.
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- Environment, Technology
- Region
- South Asia
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Deetken Impact Expands Climate Finance Leadership as Canada Joins Inclusive Climate Action Fund
Deetken Impact, a leading Canadian impact investment firm, is proud to partner with the Government of Canada and announce their CAD$106 million commitment in the new Inclusive Climate Action Fund (ICAF).
- Categories
- Environment, Investing
- Region
- Global
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Press Release: British International Investment and Firstrand Advance Transition Finance Across Africa With $150 Million Facility
The facility will provide access to finance for high-emitting businesses seeking to decarbonise their operations.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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