Africa is facing a climate crisis with devastating impacts, yet global climate finance has failed the continent twice over by providing insufficient adaptation funding and neglecting the urgent need for deep decarbonisation.

• Africa needs over $100 billion annually for adaptation but receives less than $14 billion, with over half arriving as loans.
• The international financial system, including IMF-World Bank Debt Sustainability Frameworks and credit rating systems, traps Africa in a cycle of expensive financing, hindering investment in clean energy and resilience.
• Despite having 60% of the world's best solar resources, Africa receives only 2% of global clean energy investment, with borrowing costs for clean energy infrastructure averaging 15%-18% compared to 2%-5% in Europe and the US.