💨 Abstract

Ivory Coast plans to establish a $500 million green finance fund to support sustainable growth initiatives, as part of the African Green Banks Initiative. The fund will be backed by public and private sources. Africa, disproportionately impacted by climate change, receives only 1% of annual global climate finance. Ivory Coast, the world's top cocoa grower, is drafting new laws for green finance, including a body to manage carbon credits.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖