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“WATTS with the Grid?” Episode 3: Climate Finance: The What, Whys and Hows.

Despite Nigeria investing an estimated USD 1.9 billion annually in climate-related activities, this is just 11% of the USD 17.7 billion needed to meet its emissions reduction goals by 2030. In this episode, we ask the critical questions: What’s driving these disparities? How can they be addressed? And what are the emerging opportunities, especially in light of the new Electricity Act 2023, which opens doors for renewable energy development across all 36 states?

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How is Climate Finance delivered?

From concessional loans and green bonds to innovative tools like debt swaps and climate-linked insurance, these financial instruments are key to driving impactful climate action.

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