A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
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Solar energy is a growing and important contributor to the green economy and low-carbon growth in Africa. Africa’s solar potential is 70 GW (by 2030), but only 11.5 GW is currently installed. For the continent, to meet the solar potential by 2030, it would require an investment of at least USD 60 billion. However, solar investments in the region continue to lag, with only USD 18 billion invested between 2010 and 2020. The Global Solar Facility aimed to catalyse solar investments in the underserved segments and geographies of Africa, thereby unlocking commercial capital. The facility focused on investing across solar technologies – off-grid solar, rooftop solar, productive use solar, utility-scale solar – across Africa through a country-specific intervention approach. ISA stimulated investments into solar through the Solar Facility with a Solar payment guarantee fund, Solar insurance fund and Solar investment fund.