Africa’s Climate Opportunity: Adapting and Thriving - The African Development Bank at the UNFCCC COP21 meeting
Climate change poses a severe threat to Africa, the world’s most vulnerable region. But it also offers a huge opportunity. A new paper from the African Development Bank explains how the COP21 climate talks in Paris in December can help Africa deal with the threat and seize the opportunity.
SE4All Africa Hub - 2014-2015 Annual Report: Creating the necessary framework to mobilize sustainable energy investment in Africa
The Sustainable Energy for All (SE4All) Africa Hub launched on Tuesday, October 13 in Abidjan its Annual Report for 2014-2015, which outlines the progress made to date in helping the 44 partner countries create strategic frameworks necessary to mobilize investment for realizing their long-term energy goals aligned with the SE4All initiative objectives: ensure universal access to modern energy services, double the global rate of improvement in energy efficiency and double the share of renewable energy in the global mix by 2030, enshrined in the Sustainable Development Goal (SDG) 7 adopted end of September in New York.
Our mid-year brochure, Growing Green: The AfDB and CIF for a Climate Smart Africa 2015, explores advancements in our Climate Investment Funds (CIF) portfolio since January 2015. Today, the portfolio has grown to 39 policy-driven Investment Plans – some under implementation and others to be developed – through which 26 African countries are working to institute transformation in renewable energy, sustainable forests, and climate resilient development. For more information about the AfDB CIF program, see our 2014 Annual Report here.
Parties agreed at the 19th session of the Conference of the Parties (COP19) in Warsaw to “initiate or intensify domestic preparations for their intended nationally determined contributions” so that they can be submitted well in advance of the COP21 to the United Nations Framework Convention on Climate Change (UNFCCC). It is the first time such an ex-ante process was formally adopted under the UNFCCC, leading to the need to clarify concepts, revisit historical precedents and outline the way forward.
The world’s six large multilateral development banks (MDBs) delivered over US $28 billion in financing last year to help developing countries and emerging economies mitigate and adapt to the challenges of climate change. The latest figures bring total collective commitments of the past four years to more than US $100 billion. In 2014, the six banks together provided over US $23 billion dedicated to mitigation efforts and US $5 billion for adapation work, according to the fourth joint report on MDB Climate Finance.
As we move towards the Paris Conference of the Parties to the United Nations Framework Convention on Climate Change, scheduled for December 2015, where a post-Kyoto agreement is expected, world leaders and international organizations are emphasizing the importance of increasing, tracking and monitoring climate finance flows. There is consensus, rather than doubt, that harmful effects of climate change require immediate action through implementing climate resilient and low carbon strategies.
The African Development Bank (AfDB) is an implementing agency for the Global Environment Facility since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released on Monday, May 4. The portfolio size has been multiplied by 10 during the last five years and is now worth more than USD 200 million. The Bank’s catalytic role in financing Africa’s development contributes significantly to synergies and coordination among development partners and the private sector.
Welcome to the CIF AfDB 2014 Annual Report. In this report, we invite you to explore developments in the AfDB CIF portfolio through 2014, working with 27 African countries to pilot changes in clean technology and renewables, sustainable forest management, and climate resilient development. AfDB increased its CIF portfolio during 2014 with 9 new low income countries working on renewable energy. In addition, some countries advanced to a more mature stage of development in renewables; we moved toward an integrated approach in forests and agriculture; and we initiated innovative private sector and financial solutions such as financial intermediation through local commercial banks and debt financing in local currency. For more information about the AfDB CIF program in 2015, see our 2015 gatefold brochure
The Sustainable Energy Fund for Africa (SEFA): “Unlocking Private sector potential to promote Energy access and inclusive and Green growth” (Leaflet, 2015)
In many African countries, small-to medium-scale clean energy projects are potentially viable from both technical and commercial perspectives, but initial development costs; the lack of start-up capital, or equity; limited know-how of project financing; and an inadequate enabling environment, often prevent these projects from becoming a reality
The African Development Bank launched on Tuesday, June 9, its report, Payment for Environmental Services: A promising tool for natural resources management in Africa, the first of a new AfDB-Climate Investment Funds knowledge series. The report details the tool’s potential to improve natural resources management efficiency, ensure the flow of environmental services for the businesses and infrastructure that rely upon them and establish new sustainable finance for conservation.
The African Development Bank (AfDB), in partnership with the Climate Investment Funds (CIF) and the Government of Mali, has launched the Renewable Energy in Africa: Mali Country Profile. The publication, released on May 7, highlights the country’s current inroads in renewable energy as well as opportunities for scaling-up the sector. The profile is the first in a series for Africa.
The African Development Bank, in partnership with the Climate Investment Funds (CIF) and the Government of Tanzania, on Thursday, June 18 launchedthe Renewable Energy in Africa: Tanzania Country Profile. The publication highlights the country’s inroads in renewable energy as well as opportunities for scaling-up the energy sector.
The Green Growth Framework was developed as part of the discourse on green growth in preparation for and follow-up to the Bank’s Strategy for 2013-2022. In this context, a crossdepartmental team was constituted under the co-chairmanship of Aly Abou-Sabaa (Vice-President, Sector Operations II and Chair of the Climate Change Coordination Committee, CCCC) and Hela Cheikhrouhou, former Director of the Energy, Environment and Climate Change Department (ONEC). Alex Rugamba took over the co-chairmanship role upon becoming ONEC Director in October 2013. Their overall strategic guidance is gratefully acknowledged.
ClimDev Africa Special Fund (CDSF) at a Glance - At the forefront for building resilience to climate change impacts in Africa
ClimDev-Africa Special Fund (CDSF) became operational in August 2014 as a multi-donor trust fund established to support African countries, institutions and communities build resilience to the impacts of climate change. It has three main areas of focus:
The Climate Change Action Plan (CCAP) of the African Development Bank (AfDB, or Bank) sets out the path towards climateresilient, low-carbon development for Africa and provides guidance for improved access to climate finance. It calls for the establishment of an enabling environment for addressing climate change, policy and institutional reforms and capacity development to ensure effective implementation of the adaptation and mitigation actions.
La présente brochure souligne les mesures prises par la BAD en réaction au changement climatique en Afrique. Elle donne un aperçu des programmes et des projets couronnés de succès que la Banque a entrepris avec ses partenaires au développement dans les principaux secteurs économiques que sont l’énergie, le transport, l’eau et l’assainissement, l’agriculture et la santé.
ANRC’s ground-breaking publication, Maximising Benefits from Water for Tourism in Africa, illustrates how natural resources are at the heart of Africa’s opportunity, and also the very root of its challenges: The study highlights the need to ensure responsible governance, equity and fair sharing of natural resources if sustainability and security are to be ensured. The Africa-wide study examines these opportunities and challenges in the context of the most basic natural resource of all: water. It uses tourism to show how value can be added, but also how benefits need to be shared to make economic development sustainable.
The African Development Bank (AfDB) is committed to helping African countries access the climate finance they need to move toward climate-smart sustainability.
This publication illustrates the AfDB’s work with countries through a set of nine climate finance funds and mechanisms and policy advocacy initiatives to ensure its well-targeted delivery. Through its Energy, Environment and Climate Change (ONEC), Water and Sanitation (OWAS) and Agriculture and Agro-Industry (OSAN) Departments, the AfDB is mobilizing wide-ranging public and private climate resources for projects focused on forestry, climate resilience, renewable energy and energy efficiency.