Climate Investment Funds (CIF)

28-Sep-2011

Bank Assists African Countries Better Understand and Prepare NAMAs

Even though Africa contributes roughly 7% of global greenhouse gas (GHG) emissions, the continent can play an important role in mitigating the GHGs emissions and reducing the harmful impacts of climate change. Determining which actions to take is a complex process, but developing nations have been given latitude to propose nationally appropriate measures to contribute to global mitigation efforts while taking into account their development objectives. These could be achieved through the implementation of Nationally Appropriate Mitigation Actions (NAMA). Understanding the NAMA concept and...
28-Sep-2011

Bank Training Staff to See Green Potential in Projects

During the month of September 2011, the African Development Bank (AfDB) hosted two internal training sessions to continue efforts to deepen understanding of climate change issues across departments and mainstream climate change in all Bank operations. Explaining climate change adaptation in Africa From 12-16 September 25 participants, including 10 field staff, gathered in Tunis, Tunisia to learn more about the implications of climate change adaptation and how the Bank’s climate change strategy can best be applied to enhance projects. The science, economics and development issues of...
28-Sep-2011

Bank Training to Pilot Climate Safeguards System

African Development Bank (AfDB) staff is invited to attend a two-day workshop on the Bank’s new Climate Safeguards System (CSS) from 11 to 14 October 2011 in Tunis, Tunisia. CSS aims to support project teams in their efforts to mainstream climate risks into the Bank’s operations. The pilot stage of this climate screening process targets the most vulnerable sectors: agriculture, water, energy and transport. Task managers, as well as environment and climate change specialists working on these sectors, are especially encouraged to attend. Relevant materials for the climate screening process,...
30-Jun-2011

African Countries Call for Accessible and Efficient Climate Finance

The 2011 Climate Investment Funds (CIF) Partnership Forum, hosted by the African Development Bank (AfDB), ended today with African countries clearly showing their willingness to tackle climate change effects head on. The challenge remains adequate access to climate change financing for Africa. “The bottom line is that there is an urgent need to improve access to climate finance at the scale required for transformational impact in Africa,” said Bobby Pittman, Vice President for Infrastructure, Private Sector and Regional Integration at the African Development Bank.  “Mechanisms need to...
28-Jun-2011

Fast and Inclusive: That’s a Difficult but Attainable Goal, Says AfDB Expert

Fast delivery of results versus promotion of multi-stakeholder engagement and participation in CIF programs and projects was the main debating point during the in-country partnerships session at the Climate Investment Fund (CIF) Partnership Forum, hosted by the African Development Bank (AfDB) in Cape Town on 24 and 25 June, 2011. On the one hand, there is the need to act and deliver on climate change as quickly as possible. But on the other hand, a wide variety of stakeholders, including the target beneficiaries, must be engaged at all levels not just in the design but also implementation...
27-Jun-2011

Clean Energy Development: Opportunity for Local Spinoffs in Africa

How to increase local content and create additional jobs in clean energy projects in Africa Tanja Faller, an energy economist at the African Development Bank (AfDB) described the opportunity offered to Africa by developing a clean energy industry during a session on ‘Leap into Green Growth: Promoting Clean Technology Manufacturing” at the Climate Investment Funds Partnership Forum, from 24 to 25 June in Cape Town, South Africa. “Clean energy is an opportunity to leapfrog the continent to a green growth path’, said Ms Faller. She indicated that this development can bring about the...
24-Jun-2011

Address to the Opening Ceremony of the CIF Partnership by the AfDB President Donald Kaberuka

Event: CIF Partnership Forum Opening Ceremony As one of the main implementers of the Climate Investment Funds (CIF) in Africa, the African Development Bank is honoured to host the 2011 CIF Partnership Forum. We thank the Government of South Africa for their hospitality and the CIF Administrative Unit for all their support. The African Development Bank has worked closely with the CIF Administrative Unit and other partners in planning this event. On behalf of all, we would like to welcome the more than 250 participants, including Government officials, donor countries, multilateral...
24-Jun-2011

African Efforts on Climate Action Get Boost

Climate Investment Funds Partnership Forum Opens in Cape Town, South Africa African efforts on climate action received a welcome boost today with approval of a ground-breaking renewable energy project in Morocco that should be a game-changer for solar power at large-scale. The 125 megawatt concentrated solar power plant at Ouarzazate is the first project in a regional plan that will eventually triple today’s global investments in concentrated solar power. The regional plan is funded to the tune of $200 million in Climate Investment Funds (CIF) and African Development Bank (AfDB) and...
24-Jun-2011

Africa to host 2011 CIF Partnership Forum

As one of the main implementers of the Climate Investment Funds (CIF) in Africa, the African Development Bank (AfDB) will host the 2011 CIF Partnership Forum in Cape Town, South Africa from 24-25 June 2011. AfDB Vice President, Bobby Pittman, is expected to give opening remarks and welcome over 400 delegates expected from recipient countries, other multilateral development banks, UN agencies, donor countries and other stakeholders. The CIF are designed to contribute to effective, global climate change solutions by sharing lessons and experiences in an inclusive, transparent and...
24-Jun-2011

Climate Change: Africa is Leading With its Own Plan, Says AfDB

“Africans are leading with their own plans for climate change, and they have called for additional financing instruments that respond directly to their priorities,”  African Development Bank (AfDB) Vice President, Bobby Pittman, said at the 2011 Climate Investment Funds Partnership Forum. The AfDB is hosting the event from 24-25 June 2011, in Cape Town, South Africa. Addressing 250 participants at the opening session, the Vice President added: “Looking ahead, it is becoming clear that future climate financing could benefit from instruments that are open to all countries and can...
24-Jun-2011

Information Session for the Media on Climate Change: African Media Has Crucial Role to Play

The media has a fundamental role to play in sensitizing policy makers - and the peoples of Africa about the challenge of climate change, according to journalists at an information session held at the 2011 Climate Investment Funds Partnership Forum on 24 and 25 June 2011, in Cape Town, South Africa.  These populations, and their decision-makers, are still poorly informed and  unaware of these issues, even though they are fundamental to their future. The African media is still not organized by speciality and few journalists are cognizant of the complex issues of climate change,...
20-Jun-2011

2011 CIF Partnership Forum: African Countries Are Ready for CIF Investments

African delegations from Algeria, Egypt, Ethiopia, Ghana, Niger, Nigeria, South Africa, and Tunisia will attend the CIF (Climate Investment Funds) Partnership Forum on 24-25 June in Cape Town, South Africa to share experiences with fellow CIF pilot countries from around the world. Burkina Faso, the DRC, Morocco, Mozambique, and Zambia will also be there for the learning and to present their CIF investment plans and projects for approval at closed CIF committee meetings coupled with the forum. Kenya and Mali will also present their investment plans for initial feedback. The African...
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

Fifteen African Nations Embarking on Climate-Smart Development to Attend the 2011 Climate Investment Fund Partnership Forum

More than 400 stakeholders from 45 nations, including 15 African countries, will gather in Cape Town, South Africa on 24-25 June for the 2011 Climate Investment Funds (CIF) Partnership Forum, co-hosted by the African Development Bank (AfDB). This important annual event where funding decisions on climate-smart development worldwide are taken is coming to the African continent for the first time just when Africa’s green growth is ready for a spurt. Headlined speakers include Pravin Gordhan, Minister of Finance, and Maite Nkoana-Mashabane, Minister of International Relations and Co-operation...
30-May-2011

Designing Targeted Financing to Build Africa’s Carbon Market

While global carbon markets are taking off, Africa lags far behind with only 7% of the Clean Development Mechanism (CDM) global market share. The African Development Bank (AfDB) is designing targeted financing instruments, such as the Africa Carbon Facility (ACF), to help build Africa’s carbon markets and attract more green investments to the continent. Mafalda Duarte, ACF coordinator and principal climate specialist, African Development Bank (AfDB), explains. Q: Why does Africa need the AfDB’s Africa Carbon Facility (ACF)? A: In Africa, carbon market constraints are...
30-May-2011

AfDB Hosts Upcoming Events to Promote Climate-Smart Development in Africa

During the month of June 2011, the African Development Bank (AfDB) will host two major development forums with an eye to expanding support for green growth in Africa. First, the 2011 AfDB Annual Meetings from 6-10 June in Lisbon, Portugal will feature a number of events focusing on the Bank’s role in stimulating investment in low carbon development, climate finance and greening key sectors, particularly the energy sector. Then, from 24-25 June, the AfDB will host the 2011 Climate Investment Funds (CIF) Partnership Forum in Cape Town, South Africa. This annual event strives to...
19-Nov-2010

AfDB Supports USD 810 Million CIF allocations to Africa

19 November 2010 - Nigeria and Niger are among the latest developing nations to gain financing support from the Climate Investment Funds (CIF) to advance their nations’ clean energy and climate resilience initiatives. Nigeria’s USD 250 million investment plan to develop renewable energy under the CIF’s Clean Technology Fund (CTF) was endorsed, and Niger was awarded USD 110 million in grants and highly concessional loans to improve climate resilience and food security under the CIF’s Pilot Program for Climate Resilience (PPCR). These decisions were taken at the CIF governing bodies’...
19-Nov-2010

Niger intensifies battle against desertification and drought

Niger is just one of the first three developing countries worldwide chosen to operationalize the CIF’s Pilot Program for Climate Resilience (PPCR). With a grant of USD 50 million and another USD 60 million in concessional funding, Niger plans to improve climate resilience and food security, with special focus on gender and the most vulnerable groups. The strategy involves  mainstreaming climate resilience into development strategies; expanding sustainable land management initiatives and integrating them into planning and budgeting processes; updating the quality of weather and climate...