Skeletal Speaking Points for APPG Africa (Oral Evidence)

World governments, global development finance institutions, and civil society organisations alike all recognize there is no single NetZero pathway that can be met to address Africa’s just energy transition, the SDG’s, and the Paris Agreement’s green infrastructure and energy multi-trillion dollar financing gap, 

without exponentially increasing the scale and speed of global institutional investor allocations that can be deployed and perform at the programme and asset level. As we know: Africa needs to mobilise $3trn of investment for its NDC’s by 2030, while the world only mobilised $2.8trn in the last 20 years (from 2000-2020), of which less than 2% came to Africa – so we have a private capital mobilization (PCM) market failure on our hands. This means Africa needs to mobilise more investment in 6 years than the world mobilised in the last 20 years.