The goal of this project is to explore and understand the potential for “Green Investment Banks” and National Climate Change Funds (NCCFs) to increase the capacity of African countries to access and mobilize climate finance in support of implementing NDCs and related national climate and development goals.

This initiative includes a high-level assessment of current market conditions, identification of potential climate investment-related market barriers and constraints, an indicative view of market opportunities in key climate sectors, and broad recommendations on the potential for how Green Banks and National Climate Change Funds can be applied to mobilize climate finance and scale-up private climate-related investment.

The potential for attracting new sources of catalytic funds into African countries including, but not limited to resources from the Green Climate Fund is also addressed.

Report by AfDB