This chapter deals with two significant aspects of finance for the energy transition. Firstly, most of the proposed solutions for climate finance for Africa have been rooted in the quest for climate justice. The climate justice argument considers that since wealthier countries are responsible for global pollution, they owe a moral duty to provide the less wealthy nations, including those in the African Continent, with funds required to sort out the problems for which they now bear the most burden. In principle, this “climate justice-backed funding”, as they have been termed in this chapter, should come in the form of grants or reparations imposed on developed countries for the benefit of Africa. Whilst not wholly dismissing the nexus between the pursuit of climate justice and climate finance, this chapter argues that climate justice-backed funding has not yielded much results and is becoming a distraction to the detriment of the African Continent. Therefore, they should be less prioritised for funding Africa’s energy transition. Instead, other financing options that do not rely heavily on the mea culpa or the benevolence of the rich countries of the global north should be given at least equal, if not greater, attention if Africa is to make progress. The second part of this chapter deals with Africa’s debt crisis, which constrains its investment in the energy transition. It considers whether debt-for-nature swaps, which are essentially the exchange of restructured debt for climate action, could be a viable solution for helping resolve Africa’s debt problems while also helping raise financing for Africa to fund its energy transition.