- At COP30, Afreximbank pushes for a climate agenda that supports Africa’s industrialisation, value-added mineral processing, and access to climate finance.
- The Bank leverages the AfCFTA, biodiversity, and financing tools to de-risk green projects and ensure Africa’s voice is heard in shaping global climate action.
African Export-Import Bank (Afreximbank) is advancing Africa’s climate agenda at the COP30 United Nations Climate Change Conference, linking climate action to the continent’s industrialisation and development goals.
President Dr George Elombi and the Bank’s delegation are promoting a pan-African climate narrative rooted in the African Union’s Agenda 2063 and highlighting the African Continental Free Trade Area (AfCFTA) as a tool to build climate-resilient economies.
The Bank calls on global partners to provide climate finance for adaptation projects and to operationalise the Loss and Damage Fund quickly. Afreximbank urges fair compensation for African countries that suffer disproportionate climate impacts while contributing less than 4% of global emissions. The Bank also helps member countries establish domestic structures to access these funds efficiently.
Elombi emphasises Africa’s potential in strategic minerals processing. The Bank finances full value chains, such as turning Democratic Republic of Congo lithium into batteries, to create clean technology hubs and high-skilled jobs.
Afreximbank pushes for a just energy transition that addresses energy poverty affecting more than 600 million Africans. It supports renewable energy while encouraging the responsible use of transitional fuels, such as natural gas, to power industrial growth.
The Bank promotes biodiversity monetisation as a climate resilience tool and deploys its Afreximbank Trade Transformation Fund (ATTF) to finance and de-risk green projects.
At COP30, Afreximbank engages in high-level dialogues, thematic panels, and side events, including a session with Liberia to establish a carbon markets authority.
Kanayo Awani, Executive Vice President for Intra-African Trade and Export Development, said: “We ensure Africa’s voice commands action. We mobilise African capital and demand a globally recognised framework for a just energy transition that drives industrialisation, development, and climate action.”