CLEAN : African Ministers meet in Egypt's Cairo ahead of COP27

The video discusses the challenges and urgency of climate finance, particularly in Africa, which receives only 5.5% of global financing. It highlights the insufficiency, inefficiency, and high costs associated with climate finance, emphasizing the need for urgent action and the role of official sectors. The video also reflects on the time taken from the Copenhagen to Glasgow commitments, underscoring the need for more effective solutions.

What percentage of global financing does Africa receive for climate initiatives?

• 2%

• 5.5%

• 10%

• 15%

Why is climate finance considered inefficient?

• Funds are free of cost

• Funds are abundant

• Funds take years to be released

• Funds are released immediately

What financial challenge do developing countries face in climate finance?

• Subsidized loans

• No need for borrowing

• High borrowing costs

• Low borrowing costs

How many years did it take to move from the Copenhagen commitment to a form of commitment in Glasgow?

• 2 years

• 20 years

• 11 years

• 5 years

What is the limitation of relying solely on the official sector for climate finance?

• It is free of cost

• It is the only source of finance

• It is not sufficient to finance the whole effort

• It can finance the whole effort