2011-2015 AfDB Action Plan on Climate Change
The Climate Change Action Plan 2011-2015 articulates the Bank’s climate change objectives, principles, areas of focus, major activities, and investment plan. It supports the Bank in increasing its effectiveness and delivering on its core mission of poverty reduction and economic growth, while recognising the risks and opportunities to address the challenges of climate change.
This action plan rests on three pillars: low-carbon development, climate change adaptation and establishment of a climate change funding platform to be implemented through a mix of several financing options.
The AfDB is now advancing priority projects already identified by African countries that will support climate compatible development in Africa. About USD 11.5 billion worth of investments have been identified as existing demand, USD 5.6 billion for supporting low-carbon growth, and USD 5.8 billion for supporting climate-resilient development.
The Bank’s Climate Change Action Plan is informed by and guides the implementation of the Bank’s Climate Risk Management and Adaptation Strategy and Clean Energy Investment Framework, which address the broader issues of climate change adaptation and mitigation respectively.
- 21/06/2018 - African Legal Support Facility receives an award from Africa Energy Forum
- 21/06/2018 - With ALSF support, Seychelles launches tender for the development of a 4-MW solar PV plant
- 20/06/2018 - African Development Bank launches first Electricity Regulatory Index for Africa
- 20/06/2018 - Building sustainable Infrastructure for the Future: African Development Bank and World Bank host global roundtable on infrastructure governance
- 19/06/2018 - African Development Bank invests in Sudan agribusiness
- 19/06/2018 - African Development Bank joins Global Infrastructure Facility as Technical Partner
- 19/06/2018 - Preventing conflicts could save between 5 and 70 billion dollars, according to a study by the African Development Bank
- 15/06/2018 - Côte d'Ivoire: African Development Bank to help mobilize over CFAF 15 billion to finance pay-as-you-go solar home systems