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.
- 22/09/2017 - The Bank Group has approved EUR 15 million equity investment in the Mediterrania Capital Fund III (MC III)
- 22/09/2017 - AfDB, AU, UN agencies pledge more action for Africa’s industrial transformation
- 22/09/2017 - The Third Industrial Development Decade for Africa: From political commitment to actions on the ground
- 22/09/2017 - An emotional tribute in memory of former AfDB President Babacar Ndiaye
- 22/09/2017 - Le président de la BAD effectuera une visite de travail au Burkina Faso du 27 au 29 septembre
- 22/09/2017 - AfDB will be one of the key collaborating partners for the 2018 World Water Week
- 22/09/2017 - AfDB and Korea launch preparations for 2018 Annual Meetings in Busan
- 20/09/2017 - Séminaire sur le financement du commerce international : un co-événement de la BAD et l’UBAF