Green Bonds are the most Effective way to Finance Africa’s Post-COVID Recovery

Introduction

Africa is expected to be hardest hit by the adverse impacts of climate change if significant investments in mitigation and adaptation, as well as other relevant measures, remain insufficient. Its largely informal economies have become increasingly fragile even as governments have borrowed more to reduce the negative impact of the virus on their citizens and economies.

The area of sustainable finance appears to offer some hope in the form of green bonds — a…