Climate Finance Tracking at AfDB
There is wide agreement that rapid and successful deployment of international public finance is a critical first step in allowing developing countries to adapt to climate change. It is also widely recognized, in particular by developing countries, that there is a considerable need to track and report financial flows that support climate change mitigation and adaptation, to build trust and accountability with regard to climate finance commitments and to monitor trends and progress in climate-related investment.
A comprehensive picture of the climate finance landscape is critical to this end and, ultimately, a prerequisite for ensuring the effective and productive use of available financial resources.
Responding to this need, the AfDB developed its own climate finance tracking methodology while contributing to the development of a joint multilateral development bank methodology for the tracking of both adaptation and mitigation finance – with the AfDB leading the work on the adaptation methodology. Moreover, the AfDB has furthered the work by developing four sector-specific guidance manuals for transport, water, energy and agriculture, additional analytical work and contributing to the OECD discussions on refining the Rio Markers.
- 25/03/2019 - African Development Bank, Tony Elumelu Foundation, partner to support youth entrepreneurs in Africa
- 22/03/2019 - Energy stakeholders call for new financing mechanisms to support off-grid and mini-grid connectivity in Africa
- 22/03/2019 - African Development Bank launches pilot phase of Adaptation Benefits Mechanism
- 22/03/2019 - L'accès rapide aux engrais à un coût abordable, clé d'un développement agricole durable en Afrique
- 22/03/2019 - Integrity in Development Projects: The African Development Bank and GE Power Reach Settlement on Legacy Alstom Misconduct
- 21/03/2019 - African Development Bank, MaMo Panel call for increased efforts towards a thriving African agriculture
- 21/03/2019 - Malawi: From boreholes to public taps: rural communities to access improved water supply thanks to the African Development Bank
- 21/03/2019 - South Sudan: African Development Bank, ATI support leads to US$ 27.62 million in commercial risk insurance cover