Earlier this month, the Clean Development Mechanism (CDM), the international market mechanism that stimulates investment into emissions reduction projects in the developing world, registered its 3,000th project. Due to late market entry, project size, and weak knowledge base, Africa has only a 7%...

During the month of June, the African Development Bank (AfDB) hosted two major development forums with an eye to expanding support for green and resilient development in Africa: first, the 2011 AfDB Annual Meetings, which wrapped up in Portugal, Lisbon, followed by the 2011 Climate Investment Fund...

The summer months are often slow ones for most organizations. But this summer, the African Development Bank (AfDB) moved briskly forward on creative ways to expand green financing for Africa. In July, the AfDB cohosted the Africa Carbon Forum, a chance for businesses and investors to learn how to...

Geothermal power in Kenya is plentiful, clean, unaffected by climate, and just waiting to be tapped. Development has been slow due to the high costs of project preparation activities like infrastructure development, surface exploration and appraisal drilling. But change is on the horizon as Kenya...

A heavy reliance on fossil fuels, rising energy demands, and mounting GHG emissions are pushing Morocco to invest further in one of its most abundant natural resources: the wind. Concessional financing is key to harnessing it. The African Development Bank (AfDB) will blend its own financing with...

This month Africa will present its case to the whole world on the issue of climate change at COP17. And the case is a very compelling and persuasive one. The African Development Bank (AfDB) joins Africa’s call for action to increase climate change funding to the continent and to hold the developed...

Sovereign Wealth Funds (SWFs) have emerged as potential solutions to actively manage foreign reserves accumulated from commodity sales or strong exports. They correspond to government-owned investment vehicles managed by a state-controlled entity or external managers, on behalf of a nation, to...

The intensive use of natural resources in the Maghreb, in particular by the agricultural sector, is creating an urgent need to design governance mechanisms at both the local and national level. Groundwater has become one of the most fragile of these resources. The rapid development of groundwater...

There is a common agreement on the fact that improving aid effectiveness is critical to meeting the Millennium Development Goals (MDG) and ensuring a steady path to development. It is also recognized that the successful implementation of development operations is important to the process of...