African Experts Call For New Paradigm to Unlock Methane Action Financing
By Grace Mwende As global methane emissions continue to rise, African policymakers, ahead of COP28, are calling for a transformative approach to finance methane reduction initiatives across the continent. The call for action was emphasized during a high-level panel titled “Financing Methane Action in Africa”, organized by AfriCatalyst, a leading global development advisory firm. The African Development Bank (AfDB) reports that methane emissions in Africa have reached a critical 4.7 million tons in 2022, yet only 2 per cent of climate financial flows are dedicated to combating this challenge. AfriCatalyst CEO, Daouda Sembane, emphasized the need for both international support and local strategies to effectively mobilize resources for methane mitigation. “Financing methane action faces several challenges. First, is the limited awareness and the debate on methane abatement in Africa and how to finance methane abatement efforts across the continent. There is strong evidenc...