Exploring climate change investment initiatives and funding challenges among faith-based organizations in Ghana

IF 2 3区经济学 Q2 DEVELOPMENT STUDIES

Development Policy Review Pub Date : 2025-01-15 DOI:10.1111/dpr.12826

Kelvin Omari Mintah, Solomon Nborkan Nakouwo, Albert Ahenkan, Justice Nyigmah Bawole

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引用次数: 0

Abstract

Motivation

Faith-based organizations (FBOs) have a significant role to play at a time of environmental upheavals, but their ability to mobilize climate funds in sub-Saharan Africa, especially Ghana, remains under question.

Purpose

The study asked three questions: (1) What spectrum of climate change investment opportunities are FBOs seeking? (2) What are the untapped climate change investment opportunities that FBOs can pursue? (3) What are the constraints that hinder FBOs in mobilizing funds to finance these opportunities?

Approach and methods

A qualitative research approach was adopted for the study and 18 FBOs in Ghana were purposively selected as a sample for the study.

Findings

The study uncovered the spectrum of climate change investment opportunities pursued by FBOs in the areas of agriculture and waste. However, there are untapped climate change investment opportunities in the energy and transport sectors. The constraints associated with mobilizing climate finance are ideological differences, knowledge gaps, limited institutional capacity, and bureaucratic bottlenecks.

Policy implications

Climate action funders need to reduce complications surrounding the means of obtaining funding and streamline their funding requirements to suit FBOs. They should also reassess their credibility evaluation standards to help FBOs from being sidestepped due to limited funding track records, despite the promising adaptation and mitigation initiatives they may have to offer. FBOs must upgrade their skills in the climate finance landscape by taking advantage of capacity-building programmes and training that seek to increase their understanding of the climate finance opportunities and requirements of climate funders.

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来源期刊

Development Policy Review DEVELOPMENT STUDIES-

CiteScore

3.50

自引率

5.90%

发文量

期刊介绍： Development Policy Review is the refereed journal that makes the crucial links between research and policy in international development. Edited by staff of the Overseas Development Institute, the London-based think-tank on international development and humanitarian issues, it publishes single articles and theme issues on topics at the forefront of current development policy debate. Coverage includes the latest thinking and research on poverty-reduction strategies, inequality and social exclusion, property rights and sustainable livelihoods, globalisation in trade and finance, and the reform of global governance. Informed, rigorous, multi-disciplinary and up-to-the-minute, DPR is an indispensable tool for development researchers and practitioners alike.