Accessibility of climate finance for agricultural adaptation in Africa

Climate change is emerging as a key challenge for the African agriculture sector with projections indicating an increase in the frequency and intensity of extreme weather events. The negative impacts of climate change will be particularly harmful to small-scale farmers, who are obstructed in their capacity to adapt to climate change due to a lack of institutional, technical, and financial support. Facilitating the access to international climate finance is therefore key to ensure that small-scale farmers can implement adaptation activities.

This study on the barriers to access to climate adaptation finance provides insights in the obstacles African stakeholders encounter in their quest for climate adaptation finance, what their needs are towards adaptation funding, and which practical recommendations can be implemented to overcome these barriers. It shows how the landscape of climate finance in Africa currently looks like and how it can be improved by taking action on the level of finance providers, intermediaries and recipients, but also how the enabling environment has a key role to play in facilitating the access to adaptation funding for small-scale farmers. The report uses tangible examples and narratives from stakeholders across the continent, being representatives of farmer organizations, local ministries or NGOs, that contributed to the study by sharing their views on, and on-the-ground experience with, the accessibility to climate adaptation finance for the African agricultural sector.

For more information about the research, contact Karen Beullens (kbeullens [at] kpmg.com (kbeullens[at]kpmg[dot]com)) or Sara Cherifi (scherifi [at] kpmg.com (scherifi[at]kpmg[dot]com)) or download the full report.