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NAIROBI, KENYA (September 8, 2016) – The African continent has the largest landscape restoration opportunity of any in the world – but each country has to lead the way and drive action on the ground. Today, Kenya announced a significant commitment to restore 5.1 million hectares of land, nearly 9 percent of its total landmass. The amount of land Kenya committed today represents an area roughly the size of Costa Rica.

A new WRI working paper, “Monitoring Climate Finance in Developing Countries: Challenges and Next Steps,” draws on a series of three regional workshops in Latin America, Africa, and Asia where representatives from governments and other agencies discussed the challenges in monitoring climate finance flows, and some of the efforts their countries are making to overcome these challenges.

Monitoring Climate Finance in Developing Countries: Challenges and Next Steps

Reporting on a Series of Three Workshops

This working paper reports on a series of three regional workshops in which participants from governments in Latin America, Africa and Asia reflected on the main technical, policy, and capacity challenges to monitoring climate finance, and exchanged experiences on efforts that are under way in...

A social entrepreneur invests the little working capital she has to bring solar electricity to a community that –like 1.2 billion people worldwide– lacks access to electricity. The community used to use dirty, expensive and choking kerosene for light to cook by and for children to learn by. The entrepreneur knows she can recoup her costs, because people are willing to pay for reliable, high-quality, clean energy – and it will be even less than what they used to pay for kerosene. Sounds like a good news story, right?

Three months later, the government utility extends the electrical grid to this same community, despite official plans showing it would take at least another four years. While this could be good news for the community, one unintended consequence is that this undermines the entrepreneur’s investment, wiping out their working capital, and deterring investors from supporting decentralized clean energy projects in other communities that lack access to electricity.

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