The New Goal: How Can We Facilitate Financial Flows to Fragile Contexts in the Horn of Africa and the Sahel?

by Pedro Chilambe and Martina Mascarenhas

November 14th was climate finance day at COP29 in Baku. Negotiations are ongoing around the New Collective Quantitative Goal (NCQG), where developed and developing countries are looking to agree on the amount of finance developed countries provide to developing countries.

The CGIAR Research Initiative on Climate Resilience announced the release of its latest policy brief, “The New Goal: Opportunities to Empower Climate Action in the Horn of Africa and the Sahel for Agriculture and Nature Under the NCQG,” at the CGIAR Food Pavilion, during a side event on “Overcoming barriers in access to funds at the frontline of climate crisis to accelerate climate financing for adaptation in AFOLU in Africa,” on climate finance day at COP29 in Baku.

A joint publication developed by the Alliance of Bioversity International and Tree Aid, and supported by ClimBeR, the policy brief brings together the analysis and recommendations on how we can overcome the barriers to finance both in terms of quality and quantity for Africa – a region that is quite vulnerable to climate change.

Analyzing where climate finance is flowing from, who it’s reaching, and how it’s flowing is critical to helping negotiators understand the challenges, the reality, and how much needs to be allocated in terms of climate finance flows across the continent.

Read the complete blog post here.

Read the in-depth report here.