The upcoming COP30 in Belém, Brazil, will be a critical juncture for delivering on climate finance promises to Africa, a continent disproportionately affected by climate change despite contributing less than 4 percent of global carbon dioxide emissions.

• Africa receives less than 10 percent of global climate finance, yet experiences faster warming than the global average, leading to losses of up to 5 percent of GDP.
• Ademola Ajagbe, Regional Managing Director Africa for The Nature Conservancy (TNC), advocates for a fairer system where funds reach local actors, prioritize adaptation, and support community-driven resilience.
• Examples like Gabon's Project Finance for Permanence (PFP) model and Kenya's community-led Blue Carbon initiatives demonstrate effective, long-term, and inclusive finance models that integrate nature-based solutions.
• African Civil Society Organizations propose a Belém Action Mechanism on Just Transition to ensure local ownership, skills, and social protection in renewable energy development.