A press conference organized by Greenpeace Africa, in partnership with Pro Environment Africa and key stakeholders, brought attention to the critical role of climate finance in ensuring the sustainability of businesses across Africa.
With African economies increasingly vulnerable to climate change, the discussions emphasized the importance of climate finance in supporting companies’ transition to clean energy, helping businesses adapt to environmental risks, and ensuring long-term operational resilience.
The conference also highlighted the proposed Climate Damage Tax (CDT), which aims to phase out fossil fuels while enhancing the Loss and Damage Fund—a key mechanism that could provide financial relief to businesses affected by climate-related disasters.
As part of the Global Week of Action on Climate Finance, which runs from 13th to 20th September 2024, the event underscored how businesses, particularly in Africa, must align with sustainable practices to remain competitive in a rapidly changing global economy.
The initiative serves as a critical platform ahead of COP29, promoting active engagement among corporate leaders, civil society organizations, and key stakeholders in shaping a sustainable business future for the continent. The message was clear: climate finance is no longer just an environmental issue—it is essential to the future of African businesses.
