Interesting read on financing the green transition in Africa. It explores the need to relieve countries of some of their debt burdens, provide them with sustainable climate financing, and allow them exemptions on fossil fuels for energy and punitive carbon taxes on their international trade. The G20 meeting and COP29 conference slated for mid-November will provide another opportunity to advance these mechanisms further. The paper also discusses the need for a global carbon price and the potential of debt-for-nature swaps to finance Africa’s green transition.

Source: SBF Center for African Studies