Anchor climate financing on accountability, civic inclusion

Green economy abstract concept vector illustration. [Getty Images]

As the world continues to assess the Bridgetown Initiative on its one year anniversary, it calls for structural reform of multilateral banking with regards to climate financing and sovereign debt management. Global voices must continue to advocate for accountability and civic inclusion to be embedded in the emerging opportunities.

While it is pertinent for developing economies to embrace climate-smart technologies and benefit from burgeoning climate investments in Africa - which reached $30 billion in 2020 - there is need to engage in conversations on power imbalances that have rendered previous interventions ineffective and environmentally unsustainable.