African and Asian Cities must urbanise sustainably. Is Green Finance the solution?

The world’s fastest-expanding cities are now in the global South. Rural to urban migration, combined with the effects of urban population growth, could add another 2.5bn to the world’s urban population by 2050. According to the UN, close to 90 percent of this increase will be in Asia and Africa. At the same time, low-income countries are most affected by climate change and rarely have the means to finance resilience and adaption efforts. The cost of climate change adaptation in Africa has been estimated by the African Development Bank to be in the…

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