Browsing: Africa emissions

• Transition finance is the funding that is dedicated towards decarbonising hard-to-abate and emissions-intensive sectors, such as steel and cement manufacturing.
• Companies in these sectors must prepare for an orderly transition, as failure to act will bring immense risk in a decarbonising world economy.
• Nurturing a thriving transition finance market is critical to mitigating systemic economic and financial risks.

The transition finance market provides a unique opportunity for Africa to leapfrog to low-carbon technologies and business models in a way that both addresses climate risks and enhances the continent’s global competitiveness.

Transition finance, though lacking a universal definition, refers to funding that is dedicated towards decarbonising hard-to-abate and emissions-intensive sectors, such as steel and cement manufacturing.

It is key to overcoming financial barriers to sustainability in the industries that are essential for economic development yet are major contributors to greenhouse gas emissions. Companies in these sectors must prepare for an orderly …