Global Environment Facility (GEF)

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05-Sep-2013

AfDB Support to Senegal’s Efforts to Protect Lake Guiers

The African Development Bank Group (AfDB) is supporting Senegal’s efforts to protect Lake Guiers in the northern part of the country with a loan and a grant totaling US $24.42 million (UA 15.86 million) to finance restoration of the lake. The Project to Restore the Ecological and Economic Functions of Lake Guiers (PREFELAG), approved by the AfDB Group’s Board on Wednesday, September 4, 2013 in Tunis, seeks to reinstate optimal conditions for normal functioning of the lake. Specifically, the project aims to restore the lake’s flow coefficient by increasing the volume of water from 1.2 to...
14-Aug-2013

BAD-Burundi : Lancement du Projet d’aménagement des bassins versants et d’amélioration de la résilience climatique

Les activités du Projet d’aménagement des bassins versants et d’amélioration de la résilience climatique (PABVARC) ont été officiellement lancées le 9 août dernier au Burundi, au siège du projet, à Mahwa, dans le centre du pays.   Le ministre de l’Environnement, de l’Eau, de l’Aménagement du territoire et de l’Urbanisme, Jean-Claude Nduwayo, a présidé la cérémonie, en présence de représentants du Bureau national du Groupe de la Banque africaine de développement, dont le chargé principal de programme pays, Brice Mikponhoué, et une délégation du Département des ressources naturelles et...
13-Aug-2013

Adaptation to Climate Change: Water and Agriculture Sectors

African countries have hardly contributed to global greenhouse gas emissions. Yet, they are the most affected by climate change, putting livelihoods and natural assets at risk. ADF Financing, Resources Mobilization from Global Environment Facility (GEF) The AfDB Group is one of GEF’s ten implementing agencies. Given its transversal mandate and proximity to local stakeholders in recipient countries threatened by climate change, the AfDB Group has mobilized over US$ 70 million in grants, from both the Least Developed Countries Fund (LDCF), and the Special Climate Change Fund (SCCF)....
17-Jul-2013

La BAD a dédié 4 milliards de dollars à la finance climatique en 2011 et 2012

La Tunisienne Hela Cheikhrouhou a été désignée, le 26 juin 2013, première directrice exécutive du nouveau Fonds vert pour le climat (FVC), bientôt opérationnel. Une reconnaissance amplement méritée pour cette experte reconnue des problématiques liées au changement climatique, qui a été préférée à nombre de candidats d’envergure internationale. Et une fierté pour la Banque africaine de développement, dont elle a dirigé le Département énergie, environnement et changement climatique (ONEC) depuis sa création, en 2010. En quoi consiste le “Fonds vert pour le climat”, que vous allez diriger...
12-Jul-2013

AfDB Continues to Support Low-carbon Development Pathways for Africa

For the fifth time the African Development Bank was a co-organizer of the Africa Carbon Forum (ACF) along with UN agencies, the World Bank and the International Emissions Trading Association (IETA). This important forum was held from July 3-5, 2013 in Abidjan, Côte d’Ivoire. Given the challenges of the current carbon market, ACF reflected on how the Kyoto Protocol’s Clean Development Mechanism (CDM) and other mitigation and financing mechanisms have performed to date ad discussed how those mechanisms could continue to be successfully applied on the African continent. As the premier financing...
08-Jul-2013

ADF and SEFA provide USD 7.5 million to support geothermal potential in Djibouti

A new project supported by the African Development Group (AfDB) plans to exploit the geothermal potential in the Lake Assal region to enable Djiboutian population’s access to a reliable, renewable and affordable source of energy.   Currently Djibouti relies mostly on fossil fuels and some hydropower imports from Ethiopia. The majority of the country’s current generation capacity is situated in Djibouti City. The existing power stations are old, polluting and expensive to operate. In addition, fuel imports are expensive and require important foreign-currency expenditure. As a...
02-Jul-2013

AfDB and Global Environment Facility to Strengthen Climate Change Adaptation with USD 33.58 million

The Global Environment Facility Council has approved a grant of USD 11.3 million, to be channeled through the AfDB, for climate adaptation activities in Cameroon, Djibouti and Kenya.   The Council’s Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF) will finance the Rural Livelihoods’ Adaptation to Climate Change Program in Djibouti and Kenya. For the first phase of the program, Kenya and Djibouti will receive grants of USD 2.5 million and USD 5.07 million, respectively. The program will increase the resilience of pastoralists to the effects of climate change...
13-May-2013

AfDB Renews Support of Climate Change Resilience with Additional Resources from Least Developed Countries Fund

The African Development Bank, renewed its support for climate change resilience in Madagascar, Benin and Angola in accessing US $17.8 million of adaptation finance in the form of grants from the Least Developed Countries Fund (LDCF) during the second quarter of 2013. It follows the approval last March of US $18.6 million for three water and sanitation projects. Madagascar will receive US $6.2 million to promote climate change adaptation by ensuring (a) that agricultural water infrastructure planned with African Development Fund support is modified so as to be resilient in the face of...
18-Oct-2012

AfDB’s “CIF in Action” Highlights Work Behind US $977-million Investment in Africa’s Low Carbon, Climate Resilient Development

The African Development Bank’s “CIF in Action” is a semi-annual report on the Bank’s activities in implementing the Climate Investment Funds (CIF) in Africa. A publication of the Energy, Environment and Climate Change Department (ONEC), this first edition covers the period from January to June 2012. It features updates on investment plans and projects in 15 African countries amounting to AfDB Board-approved financing of US $225 million from CIF resources and US $752 million in AfDB co-financing to support transformations in clean technology, sustainable management of forests, increased...
04-Sep-2012

Bank Training to Expand Investments in Climate Change Adaptation Via Global Environment Facility

In an effort to expand financing opportunities for climate change adaptation, the Energy, Environment and Climate Change Department of the African Development Bank (AfDB) and the Global Environment Facility (GEF) held a training program for Bank staff on July 18 and 19 in Tunis, Tunisia. The event gave Bank task managers, country economists and country portfolio officers a better understanding of two financing windows established under the Climate Change Conventions and hosted at the GEF: the Least Developed Countries Fund (LDCF) and the Special Climate Change Fund (SCCF) totaling...
12-Jun-2012

AfDB to Channel USD 43 million from the Global Environment Facility (GEF) to Stimulate Africa’s Climate Resilience

The African Development Bank (AfDB) has secured and will implement additional resources amounting to USD 43 million to stimulate Africa’s climate resilience. These resources were obtained at the Global Environment Facility (GEF)  42nd Council Meeting (5-7 June 2012), which approved three initiatives that will offer far-reaching benefits to African nations for better forest management, climate technology transfer and private sector engagement in renewable energy. In addition, these resources are expected to leverage USD 360 million in co-financing. The Mano River Union Ecosytem...
15-Dec-2011

Upper Guinea Forest: AfDB, GEF focus in 2012

Under the Global Environment Facility (GEF), the African Development Bank (AfDB) will continue to develop a pipeline in the areas of climate adaptation and mitigation, land degradation and international waters in 2012. One to watch is a USD 7.2 million GEF grant project that the Bank is helping the Mano River Union (Sierra Leone, Guinea, Liberia and Côte d’Ivoire) prepare to support conservation of the Upper Guinea Forest. The project will enable the implementation of a shared vision and the use of innovative tools to manage trans-boundary ecosystems and watersheds. The Upper Guinea...
23-Nov-2011

GEF Approves USD 20.5 million Grant for Lake Chad Basin Regional Program

At its 41st Council Meeting held in Washington, D.C. on 9 and10 November 2011, the Global Environment Facility (GEF) approved a grant of USD 20.5 million for the Lake Chad Basin Regional Program for the Conservation and Sustainable Use of Natural Resources and Energy Efficiency. The African Development Bank (AfDB), which plans to contribute USD 146 million from its own resources to the program, has worked closely with the five implementing countries (Central African Republic, Cameroon, Niger, Nigeria and Chad) on the program design. It calls for conserving the water and agro-sylvo...
12-Apr-2011

AfDB, GEF Workshop on Resource Mobilisation

Written by Ernest Achonu The African Development Bank (AfDB) and the Global Environment Facility (GEF) have organized a two-day workshop in Tunis aimed at familiarizing AfDB staff with cost-effective ways of accessing enhanced GEF resources for environment and climate change related operations. Through presentations and discussions on strategies, projects and programmes, the GEF delegates and AfDB-GEF coordinator advised operational staff and task managers on how to improve accessibility to GEF environment funds. The Advisor to GEF CEO, Sekou Toure, called on AfDB operational staff to “...
01-Nov-2010

Financing the Climate for Change - The AfDB Teams up with UNEP and Asia Development Bank to Get Seed Financing to Clean Energy Entrepreneurs

October 27 2010- Seed Capital Assistance Facility helping investors provide early stage financing to clean energy entrepreneurs in the developing world. The United Nations Environment Programme, the Asian Development Bank, the African Development Bank and the Global Environment Facility have launched a Seed Capital Assistance Facility (SCAF) to help stimulate renewable energy and energy efficiency ventures in the developing world. "Entrepreneurs can transform markets, but the environment for entrepreneurship remains weak in many countries, particularly in the energy...