Climate Change

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...
13-Mar-2019

African Development Bank President Akinwumi Adesina to attend One Planet Summit in Nairobi

The President of the African Development Bank Dr. Akinwumi Adesina, will lead a delegation to the One Planet Summit (OPS 2019), which will take place in Nairobi, Kenya on 14 March 2019 as part of the 4th session of the United Nations Environment Assembly (UNEA-4), running from 11 to 15 March 2019. This third edition of the Summit convenes committed African leaders, entrepreneurs, donors, international organisations and civil society, to help increase attention and awareness on climate investments in line with the Paris Agreement objectives signed in 2015 to contain global warming....
11-Mar-2019

Africa Climate Week

WHAT: Africa Climate Week WHO: The African Development Bank, The United Nations Framework Convention on Climate Change, The World Bank Group, the West African Development Bank, the UNEP DTU Partnership and United Nations Development Programme WHERE Accra International Conference Centre (AICC), Accra, Ghana WHEN: 18-22 March, 2019   Africa Climate Week 2019 will take place between 18–22 March in Accra, Ghana, with a dynamic programme of activities. The event, hosted by the Ghanaian government, follows the COP24 international climate negotiations,...
04-Mar-2019

African Development Bank to host the third edition of the Africa Resilience Forum (ARF): Fragility, Migration and Resilience

More than 300 attendees are expected at the headquarters of the African Development Bank in Abidjan, Côte d’Ivoire for the third edition of the Africa Resilience Forum (ARF), which is to be held from 4-6 March, 2019.  This year’s forum is themed: Fragility, Migration and Resilience." The Forum will enable participants, which will include senior members of governments, representatives of international organizations, leading members of civil society, academics and businesspersons, to discuss the ongoing challenges posed by migration - security, youth...
08-Feb-2019

Climate Investment Funds holds its ten-year anniversary summit at the world’s largest solar plant in Morocco

The Climate Investment Funds’ “The Power of 10: Shaping the Future of Climate Action” event took place on 28-29 January, 2019 in Ouarzazate, Morocco at the Noor concentrated solar power complex, the largest plant of its type in the world, providing renewable energy to more than 2 million households. The summit convened over 300 climate leaders from the public and private sectors for action-oriented dialogue on fighting climate change. Hon. Aziz Rabbah, Minister of Energy, Mines and Sustainable Development of Morocco, opened the celebration with a message of hope to African...
08-Feb-2019

Migration takes centre stage at the third edition of the Africa Resilience Forum, organized by the African Development Bank in Abidjan

Can migration really be described as a “crisis”? Is Europe threatened by an invasion of African migrants? What can migration bring to the countries of origin, transit and destination? These, and many other questions, will be discussed by participants at the third edition of the Africa Resilience Forum, to be held 4-6March 2019 in Abidjan, Côte d’Ivoire on the theme of "Fragility, Migration and Resilience". The Forum, organised by the African Development Bank, will open 4 March 2019 at the Babacar Ndiaye Auditorium at the African Development Bank headquarters with a high-level discussion...
15-Jan-2019

Project Summary Note - Equity investment in construction equity fund as part of climate investor one platform

Equity investment of USD 32.5 million in Construction Equity Fund (CEF), part of the Climate Investor One platform. CEF is one of 3 distinct entities that forms the investment platform Climate Investor One (CIO): (i) the CIO Development Fund (“DF”, funded through concessional funds); (ii) the CIO Construction Equity Fund (“CEF”), with three tiers of capital provided by investors with different risk appetites and income requirements, being concessional financiers, development finance institutions including AfDB (“DFIs”) and commercial investors; and (iii) the CIO Refinancing Fund (“RF”, funded...
11-Jan-2019

Case Study – June 2018 - Geothermal Energy Powering Kenya’s Future – Menengai Geothermal Field Development Facilitated by Public-Private Partnerships

This case study was financed by the Climate Investment Funds (CIF), and prepared by Jan Van Den Akker from Baastel. A number of people contributed to the preparation of this case study. The author is grateful to Solomon ASFAW from African Development Bank (AfDB) and George Mwenda from Kenya’s Geothermal Development Company (GDC) and their respective teams for sharing their extensive knowledge of years of experience in coordinating this project. The author is also grateful for the valuable contributions provided by Leandro Azevedo (AFDB), Emmanuel Kouadio, Sandra Romboli and Rafael Ben from...