Climate Change

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28-May-2019

Japan and Austria to support private sector climate change investments on the continent

The governments of Japan and Austria have approved a $1 million fund to strengthen the participation of the private sector in combating climate change. The funding will be channeled to the Africa Private Sector Assistance (FAPA) grant, which aims to expand the role of the private sector in the Nationally Determined Contributions (NDCs) of African countries. NDCs are national efforts to reduce Greenhouse Gas emissions and form part of the Paris Agreement on climate change. The project will be implemented by the Climate Change and Green Growth Department of the African Development Bank....
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N°27 - August-October 2014

A SET OF BOLD AND AMBITIOUS COMMITMENTS to climate finance were made during the UN Climate Summit on September 23rd, which gathered around 120 heads of state. Pledges of around US$ 2.3 billion were made to the Green Climate Fund; over 150 supporters endorsed the New York Declaration on Forests, including countries who committed to halving deforestation by 2020 and ending it by 2030; and the Global Investment Coalition on Climate Change announced that it would double investments in climate change to US$ 84 billion by 2015 as well as increase current climate change investment 10-fold between...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 34 – COP 21 Special Issue – December 2015

There could perhaps have been no better end to 2015 than the adoption of the Paris Agreement by 196 Parties during the UN Climate Change Conference in December. Following nearly two decades of talks, the Parties agreed to reduce global warming to “well below 2°C and pursue efforts to limit the temperature increase to 1.5°C above preindustrial levels” by embracing clean energy options, while developed countries maintained their pledge to raise at least US$ 100 billion a year by 2020 to help developing countries transform their economies accordingly. For the African continent, this is good news...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 35 – January-February 2016

The African Development Bank (AfDB) has been accredited by the Executive Board of the Green Climate Fund (GCF) as an implementing agency and intermediary of the Fund. This paves way for additional climate finance to be channeled to African countries through the Bank. Climate adaptation and mitigation projects are equally eligible for much needed international funding—a position which was strongly championed by African negotiators at the December climate negotiations in Paris. This accreditation is a step in the right direction in mobilizing new and additional climate finance necessary for...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 37 – July-October 2016

AS WE EMBARK upon the 22nd Conference of the Parties to the UN Climate Change Convention, also known as COP22, twenty-one African countries have already ratified the Paris Agreement — a testament to their willingness to integrate actions against climate change into their development strategies, in line with not only the Agreement, but also the UN Sustainable Development Goals. The African Development Bank continues to provide the necessary financial and technical assistance to member country efforts to ensure development gains are not stalled by climate change. The Bank has aligned itself...
16-May-2019

Climate Finance Bimonthly Newsletter - Issue N° 38 – COP 22 Special Edition – January 2017

We are delighted to welcome you to our special issue of the Climate Finance newsletter. This issue prioritizes key highlights and prime activities from the 22nd edition of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22) from an African perspective. The entry into force of the Paris Agreement on the eve of COP22 reflected the commitment of the international community to make the agreement a reality. Two key issues were of particular importance to Africa at COP22: operationalizing the Paris Agreement and deploying means for its...
15-May-2019

African Development Bank hosts first-ever pan-African dialogue on achieving climate change goals for adaptation and mitigation

While Africa enjoys unprecedented economic development and strong demographic and urban growth, large parts of the continent are also highly vulnerable and already face the dramatic consequences of climate change. Local governments, civil society and the youth are getting increasingly vocal, asking more commitment at all levels to fight climate change. This makes Africa a key player in the global challenge to meet goals set in the Paris Agreement to cut greenhouse gases (GHG) emissions and to adapt to climate change. Across the region, cities and local authorities are moving forward. The...
14-May-2019

Multinational - Programme for integrated development and adaptation to climate change in the Niger Basin (PIDACC) - Appraisal Report

General programme overview: The Niger River, whose basin is shared by nine (9) West and Central African States (Benin, Burkina Faso, Cameroon, Ivory Coast, Guinea, Mali, Niger, Nigeria and Chad), is of paramount importance for residents of the area and the economies of member countries of the Niger Basin Authority (NBA). The growing aridity and the dwindling of water flows observed over several decades, associated locally with land pressure, have highly contributed to the widespread degradation of natural resources, the worsening of water and wind erosion and the silting of the Niger River....
13-May-2019

Mozambique: African Development Bank comes through with climate risk insurance solutions post cyclone

Following the devastating cyclones, Idai and Kenneth, which hit the central and northern parts of Mozambique, its government requested support from the African Development Bank for long-term assistance on the management of climate disasters. A high-level mission led by Atsuko Toda, Director of the Department of Agriculture, Finance and Rural Development visited Maputo, Mozambique, from 28th  to 29th of April – the second mission by the Bank to the nation in the same month. While in Mozambique, the delegation met with the Minister of Finance, Adriano Maleiane and other...
29-Apr-2019

Mali: Renewable Energy Week

Malian Renewable Energy Week (SemR) is organized by Mali’s Renewable Energy Agency (AER-Mali) and the Ministry of Energy and Water as part of the Renewable Energy in Mali Support Project (PAPERM), in partnership with the African Development Bank, the Climate Investment Funds Scaling Up Renewable Energy Program in low-income countries (CIF-SREP) and the Sustainable Energy Fund for Africa (SEFA). Its goal is to promote investments in Mali’s renewable energy sector. SemR gathers investors and manufacturers with the goal of responding to the renewable energy needs of...
26-Apr-2019

Guinée : la Banque africaine de développement octroie 81,1 millions de dollars au titre de prêts pour les transports et l’environnement et de don d’urgence

Le Groupe de la Banque africaine de développement et le gouvernement de Guinée, ont signé, mardi 23 avril 2019 à Conakry, des accords de prêts et de don, pour un montant total de 81,1 millions de dollars EU. Il s’agit de deux nouvelles opérations dans les domaines des transports et de l’environnement, ainsi qu’une aide d’urgence dans le domaine de l’agriculture, qui vont renforcer le portefeuille actif de projets financés par la Banque en Guinée, pour le porter à un montant total d’engagements d’environ 562,36 millions de dollars EU. Signant pour la Guinée, en présence de plusieurs...
26-Apr-2019

CIF@10 - Celebrating 10 Years of Climate Action

The year 2018 marked the 10th anniversary of the Climate Investment Funds (CIF), one of the largest funds in the world for climate-smart investments, across more than 300 projects in 72 middle-income and developing countries. The US$ 8 billion fund provides concessional financing from multiple sources to fight climate change through a flexible business model that seeks to develop capacity in renewable and efficient energy, sustainable transport, climate resilience and sustainable forest management. The fund adopts an inclusive governance model with equal representation of...
27-Mar-2019

Climate change in Africa: “A race we must win and a race we will win,” African Development Bank says

Fighting climate change with robust implementation of national commitments and partnerships was the main thrust of African Development Bank’s Director of Climate Change and Green Growth, Dr. Anthony Nyong’s closing remarks at the end of Africa Climate Week. “The vibrancy of these last few days says it all, Africa is engaged. Africa is not a victim; we are a partner in the fight against climate change. We are a solid market, with significant resources to move the needle on the global temperature goal. Climate change is a race we can win, a race we must win, and, with Africa’s participation...
22-Mar-2019

African Development Bank launches pilot phase of Adaptation Benefits Mechanism

The public sector cannot provide enough finance to make African countries resilient to climate change impacts, and funding from the private sector is hard to come by. At the same time, many grassroot adaptation initiatives are being developed and some of these are making a big difference. The Adaptation Benefits Mechanism (ABM) is an innovative mechanism for mobilising new and additional public and private sector finance. It will create a new asset – certified adaptation benefits, with a compliance value for the Paris Agreement, nationally determined contributions (NDCs) and the...
20-Mar-2019

Climate Action: African Development Bank calls for global collaboration to turn Nationally Determined Contributions into investment plans

The African Development Bank has called for global collaboration to ensure consistent and coordinated support to African countries in the implementation of their Nationally Determined Contributions (NDCs). Speaking on the Bank’s vision to develop the continent inclusively and within planetary boundaries, the Bank’s Director for Climate Change & Green Growth, Dr. Anthony Nyong, highlighted the need for coordination across countries and sectors: “Implementing the commitments made by African nations under their NDCs requires about $3 trillion by 2030. No single institution can deliver...
20-Mar-2019

Mobilising private sector resources for climate-compatible infrastructure in Africa

While climate change poses a major threat to Africa’s economic development and infrastructure, it also offers substantial greenfield investment opportunities supporting climate action The infrastructure financing gap in Africa is enormous, estimated at an additional $60–100 billion per annum to meet basic infrastructure needs. These requirements will increase in response to socio-economic changes and the need to move towards a low carbon and climate-resilient economy. 50 African countries have now submitted their Nationally Determined Contributions (NDCs), which identify a $3 trillion...
20-Mar-2019

African Development Bank: Professor Anthony Nyong, Director for Climate Change and Green Growth, named among world’s “100 Most Influential People in Climate Policy”

Professor Anthony Nyong The African Development Bank is pleased to announce  the nomination of Professor Anthony Nyong, Director for Climate Change and Green Growth, as one of the ‘100 Most Influential People in Climate Policy 2019’ by Apolitical, a peer-to-peer learning platform for governments. Nyong, a pioneering and globally recognized climate change expert, was named among the top 20 on the prestigious listing announced Wednesday in London. Lisa Witter, Apolitical’s Executive Chairman said: “The need to reduce greenhouse gas emission is urgent. 174 countries and...
19-Mar-2019

Semaine malienne des énergies renouvelables : Le Mali sur la voie d’un avenir énergétique prometteur

Du 19 au 23 février 2019, s’est tenue la 1e édition de la Semaine malienne des énergies renouvelables (SemR) à Bamako, au Mali, sur le thème  « Investissons durablement dans l’avenir énergétique du Mali » La SemR était organisée par l’Agence des énergies renouvelables du Mali (AER-Mali) et le ministère malien de l’Énergie et de l’Eau, dans le cadre du Projet d’appui à la promo­tion des énergies renouvelables au Mali (PAPERM), en partenariat avec la Banque africaine de développement, les Fonds d’investissements climatiques à travers leur ...
14-Mar-2019

The African Development Bank pledges US$ 25 billion to climate finance for 2020-2025, doubling its commitments

The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced today at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said that the Bank would commit at least US$25 billion towards climate finance. Speaking at a plenary in the presence of Heads of State, including President Uhuru Kenyatta of Kenya, and French President Emmanuel Macron, Adesina also announced the Bank is on course to achieve its target of allocating 40% of its funding to climate finance by 2020, a year ahead. The Bank’s...
13-Mar-2019

La Banque africaine de développement appuie la région du Sahel pour la mobilisation des ressources en faveur de la résilience face aux changements climatiques

Au lendemain de la première conférence des Chefs d’Etat et de Gouvernement des pays membres de la Commission Climat pour la Région du Sahel, tenue le 25 février 2019 à Niamey, au Niger, la Banque africaine de développement a co-présidé une table ronde des bailleurs de fonds portant sur le financement du Plan d’investissement climat pour la région (PIC-RS 2018-2030), et le Programme prioritaire pour catalyser les investissements climatiques au Sahel (PPCI 2020-2025). La Commission climat pour la région du...