Fifteen African Nations Embarking on Climate-Smart Development to Attend the 2011 Climate Investment Fund Partnership Forum
More than 400 stakeholders from 45 nations, including 15 African countries, will gather in Cape Town, South Africa on 24-25 June for the 2011 Climate Investment Funds (CIF) Partnership Forum, co-hosted by the African Development Bank (AfDB).
This important annual event where funding decisions on climate-smart development worldwide are taken is coming to the African continent for the first time just when Africa’s green growth is ready for a spurt. Headlined speakers include Pravin Gordhan, Minister of Finance, and Maite Nkoana-Mashabane, Minister of International Relations and Co-operation, South Africa; Bobby Pittman, Vice-President, AfDB; and Andrew Steer, Special Envoy for Climate Change, World Bank.
Date and Time: Friday 24 June - Saturday 25 June 2011 from 8:00am to 6:00pm. Opening plenary on June 24 at 8:30am and press conference at 2:30pm. AfDB and WB speakers will be available for interviews upon request.
Press Conference: Friday 24 June at 2:30pm in Auditorium 2, CTICC. To be hosted by Partnership Forum Co-Chairs Bobby Pittman, VP of Infrastructure, Regional Integration and Private Sector, AfDB, and Andrew Steer, Special Envoy for Climate Change, World Bank.
Location: Cape Town International Convention Center, Convention Square, 1 Lower Long St., Cape Town, SA.
All the key players will be in one place
The forum brings together delegates from CIF participant countries, five multilateral development banks (MDB), UN agencies, civil society, indigenous peoples, local communities, private sector, and other stakeholders to discuss and chart CIFs’ strategic directions, results, and impacts. African delegations from Algeria, Burkina Faso, DRC, Egypt, Ethiopia, Ghana, Kenya, Mali, Morocco, Mozambique, Niger, Nigeria, South Africa, Tunisia, and Zambia will share their experiences in developing and executing CIF investment plans, discuss achievements and challenges, and learn from fellow CIF pilot countries and expert panelists.
This year’s forum will feature sessions on private sector engagement in mitigation and adaptation investments, scientific updates and guidance on prioritizing actions, climate modeling, and the development of local, clean technology manufacturing industries. The opening plenary, press conference, and sessions on wind power and clean tech manufacturing will be livestreamed.
Africa will put 38% of CIFs’ $6.5 billion to work across the continent.
The $6.5 billion CIF are a pair of financing instruments channeled through five MDBs that help developing countries transform their economies through low-emissions and climate-resilient development. In less than three years, the CIF have moved from design to investment planning to disbursement and are now active in 45 countries. In Africa, pledges of $2.6 billion in CIF financing are leveraging additional funds from MDBs and other sources for one regional and 13 national investment plans covering renewable energy and energy efficiency, clean urban transport, climate-compatible development planning, and sustainable forest management initiatives among others