Africa MDBs need 2.4pc for methane funding
Oil and Gas News|December 2024
A study by AfriCatalyst on the role of multiAn lateral development banks (MDBs) in supporting methane reduction initiatives in Africa reveals that MDBs would need to allocate just 2.4 per cent of their assets to meet the $48 billion annual funding requirement for reducing methane emissions by 2030.
Africa MDBs need 2.4pc for methane funding

Methane emissions pose a significant, but underfunded, threat to Africa's climate resilience, with the continent receiving only about 1 per cent of global climate finance in 2021-2022 roughly $13.7 billion.

Targeted financing for methane abatement could yield significant benefits for the continent, addressing both environmental and health impacts.

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