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Climate finance helps developing nations to tackle climate change. The study accesses the African Development Bank's Common Approach to Measuring Climate Results (CAMCR) in Nigeria, and addresses its adaptability to local socio-economic and environmental challenges for justice-driven climate action.
Climate finance is crucial in helping developing nations address and mitigate the effects of climate change. Multilateral Development Banks (MDBs) like the Africa Development Bank (AfDB) are an integral component for improving social and economic development in Africa. The high 5s of this institution, outlines its priorities to transform the lives of Africans. However, the extent to which these priorities integrate the principle of social and environmental justice remains understudied. The study seeks to evaluate MDBs’ recently adopted Common Approach to Measuring Climate Results (CAMCR). This framework regulates impacts and enhances transparency in aligning local-realities with justice-based frameworks. Nigeria, the most populous country in Africa, is characterized by high incidence of urbanisation and population growth, and faces a high vulnerability level to the interconnected planetary crisis. This provides a case for evaluating the framework’s adaptability in this low-resource setting. Contextualizing the framework within her unique climate and socio-economic landscape will generate actions for scaling climate interventions.