Assessment of Climate Change Financing Mechanisms in Cameroon: A Comprehensive Review

Abstract

Climate change is a development challenge, particularly for developing countries like Cameroon, characterised by heightened vulnerability due to socio-economic structures and reliance on climate-sensitive sectors. Mitigation and adaptation measures are imperative, making financing mechanisms a central focus of international cooperation. This review examines the intricate landscape of climate change financing in Cameroon, providing an in-depth understanding of existing mechanisms, their effectiveness, and the challenges hampering optimal implementation. The study scrutinizes diverse funding sources, encompassing international climate funds, bilateral agreements, and national budget allocations. Key challenges, including fragmented approaches, accessibility issues, and alignment with national development goals, are identified. The study underscores the critical importance of coordination, capacity building, and strategic alignment in navigating the complex climate financing landscape. By systematically addressing these challenges, Cameroon can enhance the utilization of climate finance, ensuring tangible benefits for local communities and substantial contributions to sustainable development goals.