Gagandeep Bakshi, WDI Senior Director-Impact Investing
Africa needs roughly $277 billion a year in climate finance to meet its 2030 climate goals. Yet, with annual flows of $44-50 billion, the gap is considerable — and investors are pulling back just as the need for this funding is growing. Making matters worse, they argue that the problem is not just in the numbers, since beneath these totals, there is a thin layer of capital piling into a handful of companies and countries, while missing layers in the capital stack prevent the emergence of a more balanced market. Explore how this issue is holding investors and entrepreneurs back, and propose a more effective approach.