Left: The Barrage de Massingir in Mozambique, used by the government for irrigation; and solar panels, a key source of renewable energy
and Zambia), the countries benefiting from the Forest Investment Programme (Burkina Faso, Ghana and Democratic Republic of Congo), and the pilot coun- tries of the Scaling up Renewable Energy Programme in Low Income Countries (Ethiopia, Kenya and Mali).
African Carbon Support Programme Tis technical assistance programme covers a period of two years. It was launched by the Bank in November 2010, using resources from the Funds for Assistance to the Private Sector in Africa. Te African Carbon Sup- port Programme helps African countries to get access to carbon financing by enhancing the commercial feasibility of their projects.
the 1960s. Nearly 30 million people live in the Lake Chad basin. In response to the problem, the AfDB is financing a programme to sup- port the sustainable development of the lake, at a cost of $90m. Te programme is designed to increase the volume of water flowing into the lake, re-establish the productivity of the lake’s ecosystem by restoring 8,000 hectares of sand dunes, combat erosion over an area of 27,000 hectares, and halt the proliferation of vegetation that is smothering the lake.
Funding climate investment Climate change is a major challenge on a global scale and no organisation is capable of managing it alone. Te AfDB is thus reinforc- ing its collaboration with other multilateral development banks, UN agencies, and other funds addressing the global environment to take up the challenge of investing in climate change projects. Te AfDB is also cooperat- ing with African countries to improve their access to global funds. Te Bank plays an active part in mobilis-
ing Clean Technology Funds and Strategic Climate Funds which fall under the Climate Investment Funds (CIFs). Tese financing in- struments were created to channel resources to developing countries in the form of grants and concessional loans, through the inter- mediary of multilateral development banks, including the AfDB.
“The AfDB is working
with organisations including other multilateral development banks and UN agencies to take up the challenge of investing in climate change projects.”
Programmes financed by the Clean Technology Fund and the Strategic Climate Fund • Te Clean Technology Fund includes the Pilot Programme for Climate Resil- ience, the Forest Investment Programme, and the Scaling up Renewable Energy Programme in Low Income Countries. Under the Strategic Climate Fund, a total of $800m has been allocated to Africa to finance a Pilot Programme for Climate Resilience, a Programme for the Intensifica- tion of Renewable Energy in Low-Income Countries, and the Forest Investment Pro- gramme. Of this sum, $650m is destined for projects in Egypt, Morocco, Nigeria, South Africa and Tunisia.
• Te budget of the Strategic Climate Fund covers operations in the Climate Resil- ience pilot countries (Mozambique, Niger
Sustainable Energy Fund for Africa Tis was created to support the supply of energy to African small and medium enter- prises, in order to stimulate economic growth and the creation of jobs.
A Green Fund for Africa According to estimates, the resources needed for Africa to adapt to climate change and go down the low carbon development route would be between $22bn and $31bn per an- num between now and 2015. Te AfDB re- ceives numerous requests for financing in the field of climate change from its members. In view of the possibility that climate change could endanger the modest progress made by the continent towards the attainment of the UN Millennium Development Goals, the AfDB has undertaken to grant the requests of these countries to help them to meet the challenges associated with climate change. During last December’s Climate Change
Conference held in Cancun, Mexico, the President of the AfDB, Donald Kaberuka, appealed to the international community to support the creation of a Green Fund for Africa, to be hosted by the Bank. Tis fund would serve as the vehicle for
coordinating Africa’s efforts to address cli- mate change challenges. Te African Green Fund would respond directly to Africa’s needs and priorities in terms of reducing climate vulnerability and promoting a low carbon development pathway for the benefit of all Africans. n
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