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.
- 20/09/2018 - Adesina wraps up Canada visit with a plea in Calgary: “Africa cannot be ignored”
- 20/09/2018 - The African Development Bank and the South African Embassy in Cote d’Ivoire Honor Nelson Mandela
- 20/09/2018 - African Development Bank and Purdue University to hold conference on successful technologies for African farmers
- 20/09/2018 - African Development Bank Convenes Climate Change Seminar on Gender Mainstreaming for African Group of Negotiators
- 20/09/2018 - Integrity in Development Projects: African Development Bank Debars GEO SCIENCES for 48 Months for Fraudulent Practices
- 19/09/2018 - African Development Bank President Adesina urges Canada to be present at Africa’s investment table
- 19/09/2018 - In Japan, African Development Bank President woos investors, promotes development agenda for Africa through agriculture
- 19/09/2018 - African Development Bank launches US$2 Billion 3.00% Global Benchmark due 20 September 2023