African Green Fund

11-Nov-2013

AfDB to Support Africa’s Green Growth Agenda at COP 19

African Water Facility project recognized during UN climate talks The Fostering Innovative Sanitation and Hygiene (FISH) Project in Monrovia funded by the African Water Facility (AWF) was showcased and recognized on November 21 and 22 as one of 17 outstanding climate innovations during the UN Climate Change Conference in Warsaw, Poland. Read More AfDB underscores climate solutions at Africa Day Achieving food security and more resilient agriculture requires both adaptation to climate change and lower emission intensities per output. This rationale, brought to the forefront by the...
28-Sep-2011

AfDB Consults on African Green Fund at AMCEN

The African Ministerial Conference on the Environment (AMCEN) held its fourth special session in Bamako, Mali on 15-16 September 2011 to discuss and consolidate the common African negotiating position on a comprehensive climate change regime beyond 2012. They also worked to prepare for the Rio+20 Sustainable Development Conference to take place in June 2012. The African Development Bank (AfDB) consulted on its draft report on the Africa Green Fund as mandated by the African Union Summit of July 2011.    The Bank was urged to complete design of the Africa Green Fund ahead of COP17...
09-Jun-2011

The AfDB urges for an African Green Fund

Africa could do much more to tackle climate change through the establishment of a continent-specific green fund, says Aly Abou-Sabaa, chairman of the Climate Change Coordination Committee at the African Development Bank (AfDB). Mr. Abou-Sabaa made this comment on 8 June 2011 during a press briefing organized during the 2011 AfDB Annual Meetings in Lisbon, Portugal. Climate variability already has significant economic costs throughout Africa, with models Africa could lose GDP of between 1.5 - 3% by 2030. “Africa is the continent most impacted by climate change, said Mr Abou-...
08-Jun-2011

Powering Africa through Clean Energy: It’s Possible

The shift to clean energy solutions will enable Africa to take advantage of the concessional resources available, which reduce the costs and risks of such investments while at the same time providing leverage for mobilizing private sector resources. It was an idea that emerged from the High-Level seminar "Powering Africa: Financing Energy and Green Growth" held on 8 June 2011 during the 2011 Annual Meetings of the African Development Bank (AfDB). This is particularly the case for the US $ 4.3 billion Clean Technology Fund, which is expected to mobilize at least four times this...
06-May-2011

AfDB at the WEF 2011-The Africa Green Fund

Climate change is a prominent issue at 2011 session of the World Economic Forum for Africa . Due to Africa’s vulnerability to the impact of climate change,  it is certainly one of the continent’s priorities. Although Africa produces very little greenhouse gas emissions, it still needs to employ mitigation and adaptive measures, which require significant financial resources. It was recently suggested that for the continent to engage on a sustainable development path, annual commitments in the range of US$ 22 to 31 billion up to 2015 would be required. The African continent ...