An investor-led initiative was launched in September during the second Africa Climate Summit (ACS2) in Ethiopia’s capital, Addis Ababa, to establish Africa’s green industrial infrastructure as a globally competitive investable asset class.
The initiative, dubbed GreenAlpha, aims to support structuring Africa’s nationally determined contributions (NDCs) into a $1 trillion pipeline of investable portfolios, representing about one-third of the continent’s $3 trillion in NDC investment needs throughout the next decade.
NDCs are a means for countries to communicate the steps they will take to address climate change, according to the United Nations Economic Commission for Africa. NDCs reflect the level of ambition by each country in reducing emissions, taking into account its national circumstances and capabilities. A GreenAlpha briefing report recasts NDCs as portfolios spanning renewable energy, hydrogen, critical minerals, digital infrastructure, green industria
