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The Director General Securities and Exchange Commission (SEC), Agama Emomotimi, has disclosed that bridging Africa’s climate adaptation finance gap will require regional market integration, harmonised sustainability standards, and bold mobilisation of institutional capital.
he said tis in a statement on Sunday, when he spoke on the role of capital markets in closing financing gaps for climate adaptation at the recent African Development Bank (AfDB) annual meetings.
He said African capital markets could be achieved through market integration, aligning standards and adopting the international sustainability standards board (ISSB) framework.
“Closing the climate adaptation financing gap in Africa is not a distant aspiration but a development imperative, and one that demands our collective ingenuity and capital,” he said.
“By integrating our markets, aligning standards, adopting the ISSB framework, and mobilising institutional capital across borders, we can build a climate-resilient future for all Africans.”
The SEC DG said Africa, which contributes less than 4 percent of global greenhouse gas emissions, bears over 25 percent of climate-related losses.
