Environment and Climate Change
The Bank will continue to apply its Environmental Safeguards Policy and use its Environmental and Social Impact Assessment (ESIA) tools to mitigate potential negative environmental impact from Bank investments. Effective engagement at key points in the project cycle and active upstream quality and compliance assurance by project task teams and management will be critical to meeting the Bank’s obligations.
The Bank will invest in its capacity to address the climate change challenge in Africa, primarily through work on the special challenges of adaptation and climate-proofing. It will focus on selective partnerships in the area of climate change and will use a convening role to identify regional opportunities, solutions and co-operation. An internal Working Group has developed a set of specific commitments to be implemented over the next 18 months, including identifying specific clean energy investments; the environment and climate change strategy will then be reassessed on the basis of experience.