The 18th edition of the German-African Energy Forum (GAEF) this year was themed “Projects, Finance, Future – Implementing Energy Projects in Africa”. The conference is an official side event of the Berlin Energy Transition Dialogue (BETD). Delegates addressed the financing of sustainable energy projects in Africa, green hydrogen and climate action frameworks. CarbonWise Consulting had the privilege of attending a panel discussion titled “Climate Finance in Africa: Guiding Through the Risks, Opportunities and Recent Developments“. The discussion focused on a critical challenge: the African continent requires approximately $277 billion annually until 2030 to meet its climate adaptation and mitigation goals, as noted by the African Development Bank (AfDB) and the UN. Despite this pressing need, Africa continues to receive a disproportionately small share of global climate finance.
Toni Heigl, Founder of CarbonWise Consulting emphasised the pivotal role of innovative financial mechanisms and robust global partnerships in addressing the investment gap. He elaborated on the merits of ITMO carbon credit trading based on Article 6, demonstrating how carbon revenues can catalyse the emergence of new, sustainable business models. The potential for regulated carbon markets to evolve into a trillion-dollar market is a transformative force for Africa’s climate finance landscape.
At CarbonWise Consulting, we are committed to supporting project developers on this path. We will help to unlock new opportunities for investment and collaboration. These opportunities will meet climate goals and drive economic growth across the continent.
More information: German-African Energy Forum
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