Climate Investment Funds (CIF)

25-Nov-2019

Project successes in Morocco and Ghana offer lessons in gender and climate change

The African Development Bank recognizes the importance of addressing gender in efforts to combat climate change and its effects in order to increase the benefits of its projects and aims to be the leading African financial institution in addressing gender and climate change. The Bank’s Department of Gender, Women and Civil Society, as well as its Climate Change and Green Growth Department, has been mobilizing funding from the Climate Investment Funds (CIF) to strengthen capacity to address the interlinkages between gender and climate change in the work of Bank staff and the African CIF...
12-Nov-2019

Towards a climate-smart Africa - The AfDB and CIF partnership - November 2019

The African Development Bank plays an important role as a CIF implementing entity, advancing a growing portfolio of projects in renewable energy, forestry, and resilience solutions in Africa. With CIF support, the Bank currently finances 39 investment plans in 27 countries and 1 region to transform their economies through renewables, sustainable transport, climate resilience and sustainable forest solutions. As of November 2019, the African Development Bank had 26 CIF projects approved for $ 2.779 billion (AfDB $ 1.904 billion, CIF $ 0.875 billion). These are supporting 880 MW of...
25-Oct-2019

Gender mainstreaming in climate change projects - The case of FORM GHANA LTD. in Ghana

The Ghana Public Private Partnership for the Restoration of Degraded Forest Reserve project is implemented by FORM GHANA LTD. It has received funds from the African Development Bank and the CIF’s Forest Investment Program (FIP). The objective of the project is the restoration of degraded forest reserves by establishing a large-scale sustainable commercial forest plantation in collaboration with the Government of Ghana (GoG) through its Forestry Commission (FC). The project has been identified by the Bank as one of the cases for study under the AfDB/CIF Inclusive Climate Action Initiative....
25-Oct-2019

Gender mainstreaming in climate change projects - The case of Noor Ouarzazate in Morocco

The Solar Energy Program (NOOR) located in Ouarzazate (NOOR Ouarzazate), in the South-Central region of Morocco, is one of the largest concentrated solar power (CSP) facilities in the world. NOOR Ouarzazate is implemented by the Moroccan Agency for Sustainable Energy (MASEN) and the Arabian Company for Water and Power (ACWA Power), and is expected to diversify Morocco’s energy mix, providing enough solar-generated electricity to the national grid to displace the use of 2.5 million tons of oil per year. NOOR Ouarzazate has received funds from the African Development Bank and the CIF’s Clean...
24-Oct-2019

African Development Bank climate change initiative: Top experts form the Adaptation Benefits Mechanism board

The African Development Bank has appointed a group of renowned experts to the board of a continental initiative to mobilize financing for resilience to the negative impacts of climate change. The Bank established the interim executive board of the Adaptation Benefits Mechanism (ABM) on 4 October 2019. The ABM board is being assisted by an interim secretariat, which is placed in the Bank’s Climate Change and Green Growth department, headed by the director Dr. Anthony Nyong. “We have on board some of the brightest minds in the climate change world, with tons of experience in different...
14-Oct-2019

African Development Bank, Climate Investment Funds and the Coalition for Green Capital to develop Green financing instruments for Africa

The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate change funds and green banks in Africa. CGC will identify and work with six African countries to conduct feasibility studies for the project, which was initiated at the Green Bank Design Summit held in Paris in March 2019. The Summit tasked 23 developing countries to craft a new model to mobilise and accelerate investment in clean energy. Andrea Colnes, Director of Global Green Bank...
14-Aug-2019

African Development Bank welcomes $20 million investment from the Clean Technology Fund for the Facility for Energy Inclusion

The Clean Technology Fund (CTF) one of two multi-donor trust funds within the Climate Investment Funds (CIF)  on August 8, 2019 approved $20 million for the Facility for Energy Inclusion (FEI), a facility sponsored by the African Development Bank to  provide sustainable financing for small-scale renewables in Africa. FEI is a $500 million financing platform whose objective is to catalyze financial support for innovative energy access solutions.  FEI On-grid, a targeted USD 400 million fund, supports improved energy access through the development of small-scale renewable...
10-Jul-2019

Climate Finance Matters - 2019

20-Jun-2019

MDB climate finance hit record high of $43.1 billion in 2018

Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 per cent from the previous year, where climate finance totalled $35.2 billion. The latest MDB climate finance figures are detailed in the 2018 Joint Report on Multilateral Development Banks’ Climate Finance, which combines data from the African Development Bank, the Asian...
13-Jun-2019

COP22 - South African wind energy farm lights up over 120,000 homes while saving carbon emissions: AfDB/CIF-funded

In recent years, the South African electricity sector, once operationally efficient, ran into major capacity constraints. As a result, power rationing and other measures instituted to prevent the electricity system from collapsing affected the entire economy, especially the country's mining industry, leading to shutdowns of some of the largest mining operations, putting thousands of jobs at risk. In addition, climate change is affecting South African life, especially the poor population, and the country is a major emitter of greenhouse gases, generating its electricity largely from coal. As...
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°32 - July-August 2015

2015 is a pivotal year for the African continent, a year which is shining a spotlight on development and climate. Among the many elements that signaled change this year, the new president of the African Development Bank, Dr. Akinwumi Adesina, took office in Abidjan on September 1. During his inauguration, the president emphatically announced the launch of a "New Deal" for energy in Africa. He said, "Unlocking Africa’s enormous energy potential, for Africa, will be a major focus of the Bank." To do this, he mentioned, among other things, the establishment of new strategic partnerships aimed...
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...
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

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...
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 ...
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...