Framing an enabling legal and regulatory environment to attract private climate financing in Sub-Saharan Africa

Lugard, Sunday Bontur

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Periodical article

Title:	Framing an enabling legal and regulatory environment to attract private climate financing in Sub-Saharan Africa
Author:	Lugard, Sunday Bontur
Year:	2024
Periodical:	KAS African Law Study Library (ISSN 2363-6262)
Volume:	11
Issue:	4
Pages:	523-539
Language:	English
Geographic term:	Subsaharan Africa
Subjects:	law financing
External link:	https://www.nomos-elibrary.de/index.php?doi=10.5771/2363-6262-2024-4-523
Abstract:	This abstract highlights the key challenges faced by african countries in attracting and leveraging private capital for climate projects, including legal uncertainties, lack of efficient regulatory environment, and limited financial incentives. additionally, issues such as political risk, inadequate infrastructure, and perceived risks further deter private investors from engaging in climate finance initiatives. despite these challenges, there are promising prospects for enhancing the role of private capital in climate financing across africa. these include the growing recognition of climate change as a pressing global issue, increasing investor interest in sustainable and impact-driven investments, and the emergence of innovative financing mechanisms and partnerships. by analyzing the complex interplay between private capital, climate financing, and the legal landscape in africa, this work aims to shed light on potential strategies and pathways to overcome existing barriers and unlock the full potential of private investment for climate resilience and sustainable development on the continent.