Africa is already battling against the impacts of climate change. Mean temperatures in Africa will rise faster than the global average, and agricultural losses in the region will amount to 2% to 7% of GDP by 2100.
By 2050, hunger and child malnutrition could increase by as much as 20% as a result of climate change, reversing the gains achieved through the Millennium Development Goal (MDG) process whilst jeopardising the success of the Sustainable Development Goals (SDGs).
The report calls for donors and government to boost investment, to avoid problems that would have catastrophic results on African development such as major food shortages, increased child malnutrition, unplanned migration, food price hikes and exacerbated poverty.
The report advocates for this funding gap to be met through public and private resources, but allowing local governments to allocate funds according to need. The report analyses the finance options currently available to smallholders from multilateral funding mechanisms, as well as schemes such as carbon markets.