Africa is set to receive a significant boost in climate finance, with about 40% of disbursements from the newly launched Allianz Credit Emerging Markets fund (ACE) earmarked for the continent. This allocation is notably higher than other blended finance funds of its kind, underscoring Africa’s central role in tackling the global climate emergency. The remainder of the fund will be directed towards emerging economies in other regions, supporting projects in renewable power, clean transportation, agriculture, and financial services. [...]