Africa Climate Change Fund

04-Oct-2019

ACCF Newsletter - January – June 2019

02-Sep-2019

Guinea - Financial Sector Modernization Support Project – PAMSFI - Appraisal Report (approved)

02-Sep-2019

Guinée - Projet d’appui à la modernisation du secteur financier – PAMSFI - Rapport d’évaluation (Approuvé)

06-Jun-2019

African Development Bank, Adaptation Fund, Green Climate Fund convene first Direct Access to climate finance meeting

To accelerate and enhance Direct Access to climate finance for developing countries that are vulnerable to climate change, the Adaptation Fund (AF), Green Climate Fund (GCF), African Development Bank   and South African National Biodiversity Institute (SANBI) are joining forces to facilitate a meeting of more than 30 accredited implementing entities in Durban, South Africa. The meeting which will run from  5-7 June, is aimed at furthering a common Community of Practice for Direct Access Entities (CPDAE) through the adoption of a governance...
04-Apr-2019

Proposal for the conversion of the Africa Climate Change Fund into a Multi-Donor Trust Fund

In 2013, the African Development Bank approved its 2013-2022 strategy, which is designed to position the Bank at the centre of Africa’s transformation and to improve the quality of Africa’s growth. This 10-year strategy focuses on two objectives: inclusive growth and the transition to green growth. In 2015, the Bank identified five key priority areas in which it will focus its investments: light up and power Africa, feed Africa, industrialise Africa, integrate Africa, and improve the quality of life for the people of Africa (referred to as the “High 5s”). In addition, the Bank is currently...
14-Feb-2019

ACCF Newsletter - January-December 2018

The Africa Climate Change Fund (ACCF) provides smallscale grants to African countries to support their transition towards climate resilient, low-carbon development. More specifically, it helps countries to implement small-scale pilot adaptation initiatives and scale up access to international climate funds while building the capacities of national entities to design and implement projects that are in line with their Nationally Determined Contributions (NDCs). Highlights below provide an update on the ACCF’s work in 2018.
23-Oct-2018

ACCF Annual Report 2017

The signing of the 2015 Paris Agreement represented a milestone in the global efforts to reverse the negative effects of climate change. Article 2.1c of the Agreement establishes the long-term collective ambition to “make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” Aligned with this ambition, African countries have outlined bold aspirations to build climate resilient and low-carbon economies in their Nationally Determined Contributions (NDCs). Considerable financing is needed to meet these objectives. To support this, the...
18-Apr-2018

Africa crafts message of sustainability for international climate negotiations

Action on climate change and sustainable development together is the way forward for Africa. That is the top-line message that regional, public and private sector delegates will carry to international climate negotiations after a week of deliberations in the Kenyan capital. Some 800 delegates from 59 countries, including ministers and other high-level government and international officials, together with non-state delegates, offered their insights into the challenges and possible responses to climate change, and harvested those insights for consideration in the official international...
09-Apr-2018

Africa Climate Week (ACW)

The African Development Bank is co-organizing, together with other members of the Nairobi Framework Partnership (NFP), the Africa Climate Week 2018 (ACW) from 9th to 13th April in Nairobi, Kenya, to advance regional climate action. The ultimate aim of ACW, the first of what is planned to be an annual gathering, is to support implementation of countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement and climate action to deliver on the UN Sustainable Development Goals. ACW will be an umbrella for a series of climate-related events focused on NDC...
05-Apr-2018

ACCF Secretariat and experts meet in Abidjan on second call for proposals assessment

The Africa Climate Change Fund (ACCF)’s second call for proposals, which closed in August 2017, received unprecedented numbers of proposals from diverse government and non-governmental entities. Proponents of shortlisted concept notes were invited to submit full proposals, which were received in late January. The objective of this call was to solicit innovative and impactful projects that will support direct access to climate finance and small-scale or pilot adaptation initiatives in sectors aligned with the Bank’s High 5 priorities to build resilience of vulnerable...
15-Mar-2018

Africa Climate Change Fund - Supporting Africa countries to access international climate finance - 2019

African countries have outlined bold aspirations to build climate resilient and low-carbon economies in their Nationally Determined Contributions (NDCs) under the Paris Agreement, along with considerable financing needs to meet these objectives. Progress is being made globally towards mobilising and scaling up climate finance – notably with the recent establishment of the Green Climate Fund (GCF). However, the amount of climate finance flowing to the African continent remains below the estimated needs. Several factors contribute to African countries’ limited access to climate finance to date...
06-Mar-2018

Inclusive Climate-Smart Finance – Reaching those most in need

Addressing the climate challenge rests inter alia on the availability of adequate and sustainable climate-smart finance, along with properly designed mechanisms for its smooth provision. Leveraging such mechanisms has the potential to address socio-economic imbalances and political grievances that aggravate communities’ vulnerability and reduce their resilience to the impacts of climate change and extremes. Implementing an inclusive approach – that takes into account the needs, interests and differential vulnerabilities of men and women – in all aspects of project development, including...
22-Jan-2018

AfDB Climate Change Committee shares outcomes of COP20 and looks ahead to Paris climate talks

On Wednesday, January 21, the African Development Bank’s Climate Change Coordination Committee (CCCC) organized a knowledge sharing seminar at the institution’s headquarters in Abidjan to highlight the outcomes of the 20th Conference of Parties (COP20) to the United Nations Framework Convention on Climate Change in Lima, Peru, in December. The committee also looked ahead to COP21 in Paris later this year, where a new universally binding climate agreement is expected to be concluded.  In his opening remarks, Solomon Asamoah, Vice-President, Infrastructure, Private Sector and...
13-Nov-2017

COP23: Update on the AfDB’s Climate Actions 2017

A panel on the African Development Bank’s Climate Actions in 2017 was held on Sunday, November 12, as a pre-forum of the COP23 Nationally Determined Contributions (NDC) Partnership Forum at Deutsche Welle in Bonn, Germany. The event was designed to update stakeholders on the Bank’s activities and achievements in the climate change space in 2017 as well as to inform stakeholders of some exciting new initiatives. Anthony Nyong, the Director of the Bank’s Climate Change and Green Growth Department, introduced the Africa NDC Hub. The Africa Nationally Determined...
10-Nov-2017

ACCF Newsletter - N°1 - January-June 2017

10-Jul-2017

Africa Climate Change Fund launches second call for proposals

The Africa Climate Change Fund (ACCF), housed in the Climate Change and Green Growth Department of the African Development Bank (AfDB), is launching a call for proposals. The funding envelope available for this call is US $5 million in the form of grants. The Fund is seeking concept notes for projects and programmes in the range of US $250,000 – US $ 1 million.   Focus Areas and themes: The ACCF is seeking innovative and impactful proposals that will support African countries to transition to climate resilient, low carbon development, and scale-up access to climate...
04-Apr-2017

ACCF Annual Report 2016

Although the African continent contributes the least to global greenhouse gas emissions, it is highly vulnerable to climate change impacts. African countries have set out ambitious commitments towards climate adaptation and mitigation in their Nationally Determined Contributions (NDCs), many of which will require significant climate finance and other support in order to be achieved. However, Africa currently receives less than three percent of total climate finance flows, well below the estimated needs.
21-Mar-2017

Africa Climate Change Fund scales up its operations with new contributions from Italy and Flanders

The Board of Directors of the African Development Bank (AfDB) approved on March 15, 2017, the conversion of the Africa Climate Change Fund (ACCF) – established in 2014 with €4.725 million from the Government of Germany – to a multi-donor trust fund. This conversion brings two new partners to the Fund, the governments of Italy and Flanders (Belgium), who are contributing €4.7 million and €2 million, respectively. It further opens the door to new partnerships with other donors interested in supporting African countries in their transition to low-carbon, climate resilient...
23-Jan-2017

Enabling direct access to climate finance in Africa

“Out of US $331 billion of global climate finance flows in 2014, only 3.6% went to Africa. If only 3.6%, despite Africa’s vulnerability to climate change, something must be wrong”. This, according to Luc Gnacadja, Special Representative for the Board of the Local Climate Adaptive Living Facility (LoCAL). During a panel discussion on Thursday, November 10, 2016 at the Africa Pavilion during the UN Climate Talks (COP22) in Marrakech, participants discussed the challenges involved in accessing climate finance from international funds. The panel was convened in...
22-Jun-2016

ACCF grants US $0.8 million to enhance climate finance readiness in Côte d’Ivoire and to make two transboundary projects climate-resilient

The Africa Climate Change Fund (ACCF) announced on May 3 the approval of two technical assistance projects totaling US $0,8 million that will strengthen the capacity of Côte d’Ivoire to access climate finance and integrate climate resilience into two transboundary projects in Togo and Benin and in Zambia and Zimbabwe.  A grant of $430,000 will support Côte d’Ivoire in enhancing its capacity to mobilize international resources to fight against climate change. The country’s major development sectors are subject to very high climate vulnerabilities that already resulted in important...