African countries are facing challenges in accessing climate finance due to various factors, including US withdrawal from climate bodies and treaties, limited progress on financial reforms, and development aid cuts. To address these issues, there is a call for African countries to mobilize more domestic resources, explore new financial mechanisms like carbon finance, and promote local industrialization. The Southern Africa Alliance on Carbon Markets and Climate Finance, launched in 2026, aims to support the region's investment profile, standardize carbon market systems, and improve the value of carbon credits through capacity building, adequate pricing, and convertibility. By promoting market integrity and harmonization, the Alliance seeks to boost investor confidence, ensure compliance with international regulations, and support the use of high integrity credits in international markets, including the EU's carbon border mechanism.
https://africanclimatewire.org/2026/04/southern-africas-carbon-market-formalises-an-alliance/