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...

Six of 20 most vulnerable countries are African

With more than 20,000 participants from over 190 countries, COP24 commenced in the hope that countries will create a rulebook that will turn the Paris climate agreement into reality and hold down rising temperature to well below 2 degrees. During the conference, countries focused on establishing rules, figuring out financing and devising ways to verify that nations are meeting their commitments. "we are in deep trouble with climate change," said UN Secretary-General Antonio Guterres during his speech at the conference Although climate change is a global issue, the impacts are not...

Building Partnerships to deliver Africa’s Paris Agreement commitments

African countries made ambitious commitments to respond to climate change in their Nationally Determined Contributions (NDCs) - a set of commitments necessqry for determining progress and raising ambition since the Paris Agreement came into effect in November 2016. As of November 2018, 189 Parties to the UNFCCC had ratified their NDCs, including 90% of African countries. During the NDC’s Implementation Thematic Day at the African Development Bank Pavilion at COP24, a diverse range of sessions were held covering topics such as Integrating Gender into NDCs and National...

Green Growth: The Future for Africa (Video report) - AM 2014

Annual Meetings Website

AfDB Climate Change Committee shares outcomes of COP20 and looks ahead to Paris climate talks

On Wednesday, January 21, the African Development Bank’s Climate Change Coordination Committee (CCCC) organized a knowledge sharing seminar at the institution’s headquarters in Abidjan to highlight the outcomes of the 20th Conference of Parties (COP20) to the United Nations Framework Convention on Climate Change in Lima, Peru, in December. The committee also looked ahead to COP21 in Paris later this year, where a new universally binding climate agreement is expected to be concluded.  In his opening remarks, Solomon Asamoah, Vice-President, Infrastructure, Private Sector and...

Climate Finance Bimonthly Newsletter - Issue N°30 - March-April 2015


COP21 in Paris: the CFA franc zone joins the AfDB in calling for an ambitious agreement for Africa

On April 9 and 10, Finance Ministers and Central Bank Governors from CFA franc zone member states (Economic Community of West African States, ECOWAS, and Central African Economic and Monetary Community, CEMAC) met in Bamako to discuss sustainable growth, with a particular emphasis on environmental challenges and development funding viability. In light of the forthcoming United Nations Climate Change Conference in Paris (COP21), the first roundtable debate focused on climate change and the issues facing CFA franc zone member states. The discussions were attended by Michel Sapin, French...

Climate Finance Bimonthly Newsletter - Issue N°29 - January-February 2015

ACCORDING TO Africa Energy Outlook, by 2040, almost half of Africa's growth in electricity generation will come from renewable energy resources. Responsibly and efficiently harvesting the continent's renewables to make this a reality is however, costly. Climate finance is therefore key to unlocking the continent's potential in this arena. AS A SIGN OF ITS COMMITMENT to energy generation from renewables in both the mid- and long-term, AfDB is an implementing agency of the Clean Technology Fund (CTF) and the Scaling Up Renewable Energy in Low Income Countries Program (SREP) ‒ funding windows...

Climate Finance Bimonthly Newsletter - Issue N°28 - November-December 2014

THIS YEAR will be important for energy and climate change in Africa, and for the African Development Bank. At the 20th UN Conference of the Parties on Climate Change (COP20), which concluded on 14 December 2014, many new climate finance pledges were confirmed – US$ 50 million more for the Adaptation Fund, US$ 800 million for the Climate Investments Funds US$ 10 billion for the Green Climate Fund (GCF). Yet, we all know that they are not enough – and far from the goal of mobilizing jointly USD 100 billion per year by 2020 to address global climate challenges, especially in developing countries.

Ethiopia grabs first ClimDev Special Fund grant

Ethiopia has sealed a US $1.1 million deal with the newly launched ClimDev-Africa Special Fund (CDSF), to strengthen its climate information and early warning systems for climate resilience development and adaptation – becoming the first African country to benefit from the Fund. A project document circulated in Lima, Peru, on the side lines of the 20th Session of global climate negotiations (COP 20), states that the Ethiopian project will enhance the building of national capacities in climate monitoring, data analysis, interpretation, forecasting and dissemination to foster the...

Clim-Dev Africa providing more and better climate services to enhance adaptation to climate change

The Climate for Development in Africa (Clim-Dev Africa) programme dinner dialogue was held at the margins of the UN Global Climate Change Conference (COP 20) in Lima, Peru, to discuss various perspectives for enhancing the provision of climate information services in support of Africa’s economic transformation and capacity to adapt to climate change. This Clim-Dev Africa programme is implemented under the auspices of the African Union Commission (AUC), African Development Bank (AfDB), and the United Nations Economic Commission for Africa (ECA) and intends to strengthen the policy response to...

Africa sets path to the post-2015 new climate agreement discussed during Africa Day at COP 20

The Africa Day side event was held during the UN Climate Change Conference (COP 20) to deliberate on the forthcoming agreement on climate change to be concluded in Paris during COP 21, in particular its implications for the continent, including how important issues pertaining to adaptation, climate finance, women and youth can be properly addressed. It was a timely opportunity to underline Africa’s concerns and priorities. This event has become the symbol of the representation of Africa at the UN Climate Change Conference as highlighted during the opening session by Mohamed Gharib Bilal,...

Climate Negotiations in Lima: Africa needs to speak with one voice to defend its priorities and interests

The African Ministerial Conference on the Environment (AMCEN) convened a high-level ministerial briefing meeting on the negotiations taking place in the UN Climate Change Conference (COP20). The representatives of the African Group of Negotiators (AGN) presented the status of the negotiations and Africa’s key messages were conveyed. The outcomes of the negotiations will feed into the new global climate change agreement which should be signed next year in Paris and should enter into effect by 2020. The meeting was chaired by the President of AMCEN, Binilith Mahenge, Tanzanian Minister of...

Alex Rugamba : financing climate-smart development in Africa


COP20 : VP Abou Sabaa : the urgent need of a climate-resilient agriculture


COP20 : AfDB and Climate Change


AfDB to support Africa’s agenda for the new 2015 climate agreement during the global climate talks at COP 20

The African Development Bank (AfDB) will participate in the 20th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, known as COP 20, taking place from December 1-12 in Lima, Peru. This year, AfDB’s efforts in addressing climate-resilient and low-carbon development in Africa, and particularly the initiatives contributing to improving access to climate finance, will be emphasized. The aim of the Bank’s involvement is primarily to support efforts to strengthen the continent’s voice in the negotiations ahead of a global agreement to be...

Climate Finance Bimonthly Newsletter - Issue N°26 - May-July 2014

AFRICA IS CHANGING. Today, the continent is on its way to becoming a centre of hope for the coming decades. To support this transformation, the AfDB seeks to promote inclusive growth and a transition to green growth. Thus, in the context of discussions held during the AfDB Annual Meetings on "The Africa we want", green growth was at the heart of the debate. Every expert present agreed on the need to sustainably manage renewable and non-renewable natural resources; doing so will enable African countries to benefit more from their great potential, while preserving their natural capital.

Africa Launch of the Sustainable Energy for All (SE4ALL) (Video report) - AM 2014

Annual Meetings Website

Climate Finance Bimonthly Newsletter - Issue N°25 - March-April 2014

IN THEIR LATEST REPORT, "Climate Change 2014: Mitigation of Climate Change", expert members of the Intergovernmental Panel on Climate Change confirm that "global emissions of greenhouse gases have risen to unprecedented levels despite a growing number of policies to reduce climate change". They  also highlight, however, "that it would still be possible, using a wide array of technological measures and changes in behaviour, to limit the increase in global mean temperature to two degrees Celsius above pre-industrial levels [if] major institutional and technological change" was to take...