期刊名称：International Journal of Development and Sustainability
印刷版ISSN：2186-8662
出版年度：2015
卷号：4
期号：2
页码：161-180
出版社：International Society for Development and Sustainability (ISDS)
摘要：Current estimates of financial resources needed to support African countries to adapt to climate change are estimated around 10 billion dollars per annum. It is increasingly clear that delays relatedto the release of voluntary pledges by developed countries would affect Africa's adaptation progression. Given Africa's low GDP and the limited climate change financial aids from develop countries against high financial requirement for mitigation and adaptation, financing climate change in Africa would require some additional sources. In this paper we examine existing financing architecture and discussfurther the prospects and challenges African countries could face in an attempt to raise funds locally using Ghana as a case study. There is a risk that many African countries' action to confront climate change may be insufficient, ineffective, inadequate, and delayed if it solely rely on existing global financing architecture. Using the qualitative research approach through in-depth interview of 10 key development partners, donors, non-governmental organizations and climate change experts wefound that the international communities have shown preparedness to provide finance for mitigation and adaptation, as they initiated and rectified the Kyoto Protocol. Ironically, their preparedness is not farfetched due to noncompliance to their pledges. The study notes that to sustain adaptation and mitigation program, developing countries and Ghana in particular need to provide financial buffers through appropriate local fundraising mechanisms. Both market and non-market instruments if consultatively develop may provide sufficient local sources of funding.
