Adaptation Benefit Mechanism (ABM)
What is the ABM?
ABM is a mechanism to provide a price signal to private sector investors to develop adaptation projects. It is a “non-market mechanism” that will drive equity and technology into projects that make households, communities and economies stronger and better able to withstand climate induced shocks.
Modalities and Procedures
With funding from the Climate Investment Funds, AfDB commissioned CPMA International to prepare draft modalities and procedures and document templates to help operationalize the ABM.
- Ethanol cook stoves in Kenya
- Village water communities in Uganda
- Climate adapted housing in Nigeria
- Solar water pumps in Ethiopia
This is a whole new field…check out our blogs as we try to shed light on some of the intricacies and challenges of ABM