AfDB at COP 15
Although the Bank has an observer status at the UNFCCC and cannot be involved in the negotiations, it is visibly participating at Conference of Parties (COP 15).
The Bank is taking the following key messages to the COP:
- Climate change is a threat to development and poverty reduction on the continent, and immediate efforts and immediate priorities should be geared towards achieving the continent’s development goals.
- There is a need for broad adaptation measures, within a sustainable development framework to tackle climate change impact on the continent.
- Opportunities to grow low-carbon economies exist on the continent, particularly through the development and implementation of clean technologies.
- The African Development Bank is, within its limited resources, intervening in key areas that will reduce the adverse impact of climate change on the continent, help it achieve sustainable development, while contributing to low-carbon intensive economic growth.
Already, a joint statement with other MDBs on climate change has been issued.
AfDB is organizing side events on site.
The first, attended by AfDB President, is on the Congo Basin Forests Fund (CBFF). It is aimed at informing potential technical and financial partners of the existence of Fund; updating participants on advances made; underscoring the importance of including forests in the post-Kyoto climate negotiations; building a global partnership to promote initiatives like CBFF; and encouraging new donors to contribute to the Fund.
The second side event aims at showing how the Bank is helping to build climate resilience on the continent. The event aims at presenting the Bank’s readiness to participate in the new global financial architecture that will be negotiated in Copenhagen.