Statement on the Occasion of the 2008 World Health Day

05/04/2008
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Statement on the Occasion of the 2008 World Health Day

The AfDB has started mainstreaming renewable energy and energy efficiency in its operations

According to its mandate, the Bank is concerned by the expected large impacts of climate change on African socio-economies, as these are threatening directly its mission of reducing poverty. The African Development Bank is financing a large number of energy sector projects, especially in the power sector, and has already started mainstreaming renewable energy and energy efficiency in Bank operations with projects in hydropower, co-generation and wind power.  At the same time, the Bank has started a number of activities at both policy and project level to address climate adaptation challenges. 

Very briefly, I would like to present the policy and operational steps the Bank has recently taken to address Climate Change and promote clean energy development in Africa.

At the policy level, the Bank is preparing a Climate Risk Management and Adaptation Strategy to support the mainstreaming of climate risk analysis in strategic and project level economic analysis, social and environmental assessments and sector studies. We look forward to raising the level of attention of the African Ministries of Finance and Planning through our regular policy dialogue.  With respect to GHG mitigation, the Bank has just approved its Clean Energy Investment Framework (CEIF) and a new Clean Energy and Climate Adaptation Facility for Africa (CECAFA) is being developed. In addition, a new energy sector strategy is being prepared, to mainstream clean energy development in Bank operations and accelerate energy access to the poor.

The Bank is also assisting Africa through the UN process – and particularly through the Nairobi Framework – in building capacities to tap carbon financing while ensuring that appropriate policy, institutional arrangements and market-based incentives are put in place.

On climate information the Bank, is taking joint action with the African Union Commission and the Economic Commission for Africa towards the implementation of the Action Plan for Africa on Climate Information for Development Needs (ClimDev-Africa).

With regard to project operations, in addition to mainstreaming clean energy in our energy investments portfolio, the Bank has started mainstreaming adaptation in its activities. First, we are moving towards climate risk due diligence in our project operations, including climate-proofing of agriculture, infrastructure and human development projects.  Second, we are mainstreaming climate change risk management and adaptation into Bank operations in support of country strategies and policies, better governance and institutional capacity building programs; and Third, we are leveraging strategic partnerships and seeking the most effective ways towards adaptation mainstreaming with the limited resources available.  The Bank has already prepared a number of adaptation projects relating to natural resources and agriculture, water and soil management, in partnership with the Global Environment Facility, the World Bank, our African Water Facility and other UN Agencies such as UNEP and UNDP.

With regard to deforestation, the Bank is also working on its Congo Basin Forest Fund Initiative as a result of the outcomes of the International Conference on the Funding Mechanisms of the Congo Basin Forest Ecosystems held in Tunis from 21-22 February 2008. In this context, the Bank has been asked to prepare for the establishment of the Congo Basin Special Fund and is planning to hold a donors’ pledging Conference with a targeted group of donors.

We need to contribute more by financing investments and providing effective technical assistance to address climate change. In assisting its regional member countries, the Bank will remain focused and selective. We intend to engage in those areas where we have a solid comparative advantage. We are aware, however, that no single institution will be in a position to deliver all the responses. As the challenge is global, we require a global response and, for this reason, we will forge strategic partnerships with key players in this area.

To conclude, we wish to emphasize again that the Bank is treating climate change as poverty alleviation and an economic development issue as well as a long-term global environmental problem. This will enable us to work more effectively towards sustainable development.

Daniele Ponzi

Manager, Sustainable Development Division

African Development Bank

Tel. (216) 71102878 or (216) 71102338

fax (216) 71103775
d.ponzi@afdb.org


Speaker

Name: Daniele Ponzi Title: Manager, Sustainable Development Division, African Development Bank