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Investing in nature-based solutions such as mangroves, forests, and grasslands would help Africa become more resilient to the changing climate, a report by the World Resources Institute said.
The number of projects aiming to ramp up nature-based solutions in Africa — for example creating floodplains and wetlands in Senegal, and removing invasive species in South Africa — rose by an average of 15% annually between 2012 and 2021.
However, the sector faces challenges surrounding insufficient national policies and funding. Long-term sustainability in this area requires a diversity of funding sources beyond grants from multilateral development banks and donors (which currently account for the majority of financing) to include green bonds, debt-for-nature swaps, carbon credits, and taxes, the report said.
