Investments of about $280 billion will be needed to cope with the effects of climate change in 35 cities in South Africa, Kenya and Ethiopia by 2050, new report by the Coalition for Urban Transitions

Post

Stephani Widorini
Stephani Widorini

Investments of about $280 billion will be needed to cope with the effects of climate change in 35 cities in South Africa, Kenya and Ethiopia by 2050, new report by the Coalition for Urban Transitions

3 years ago

Investments of about $280 billion will be needed to cope with the effects of climate change in 35 cities in South Africa, Kenya and Ethiopia by 2050, new report by the Coalition for Urban Transitions shows. As the fastest urbanizing continent and the hardest hit by global warming, trillions of dollars of investment will be needed as a further 950 million people are expected to live in African cities by 2050.

The report concludes that the regulatory and financial framework and policy reforms are highly required to mobilize finance at scale and unlock investment in cities. Is it achievable?