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Archive for the tag “Climate Resilient Development”

2016/169/AFR: World Bank Group unveils $16 Billion Africa Climate Business Plan to Tackle Urgent Climate Challenges (24.11.2015)

Gado World Bank

One third of funds expected to come from Bank’s fund for the poorest countries

WASHINGTON, November 24, 2015—The World Bank Group today unveiled a new plan that calls for $16 billion in funding to help African people and countries adapt to climate change and build up the continent’s resilience to climate shocks.

Titled Accelerating Climate-Resilient and Low-Carbon Development, the Africa Climate Business Plan will be presented at COP21, the global climate talks in Paris, on November 30. It lays out measures to boost the resilience of the continent’s assets – its people, land, water, and cities – as well as other moves including boosting renewable energy and strengthening early warning systems.

Sub-Saharan Africa is highly vulnerable to climate shocks, and our research shows that could have far-ranging impact — on everything from child stunting and malaria to food price increases and droughts,” said World Bank Group President Jim Yong Kim.  “This plan identifies concrete steps that African governments can take to ensure that their countries will not lose hard-won gains in economic growth and poverty reduction, and they can offer some protection from climate change.”

Per current estimates, the plan says that the region requires $5-10 billion per year to adapt to global warming of 2°C.

The World Bank and the United Nations Environment Programme estimate that the cost of managing climate resilience will continue to rise to $20-50 billion by mid-century, and closer to $100 billion in the event of a 4°C warming.

Of the $16.1 billion that the ambitious plan proposes for fast-tracking climate adaptation, some $5.7 billion is expected from the International Development Association (IDA), the arm of the World Bank Group that supports the poorest countries. About $2.2 billion is expected from various climate finance instruments, $2.0 billion from others in the development community, $3.5 billion from the private sector, and $0.7 billion from domestic sources, with an additional $2.0 billion needed to deliver on the plan.

“The Africa Climate Business Plan spells out a clear path to invest in the continent’s urgent climate needs and to fast-track the required climate finance to ensure millions of people are protected from sliding into extreme poverty,” explains Makhtar Diop, World Bank Group Vice President for Africa. “While adapting to climate change and mobilizing the necessary resources remain an enormous challenge, the plan represents a critical opportunity to support a priority set of climate-resilient initiatives in Africa.”

The plan will boost the region’s ability to adapt to a changing climate while reducing greenhouse emissions, focusing on a number of concrete actions. It identifies a dozen priority areas for action that will enhance Africa’s capacity to adapt to the adverse consequences of climate variation and change.

The first area for action aims to boost the resilience of the continent’s assets. These comprise natural capital (landscapes, forests, agricultural land, inland water bodies, oceans); physical capital (cities, transport infrastructure, physical assets in coastal areas); and human and social capital (where efforts should include improving social protection for the people most vulnerable to climate shocks, and addressing climate-related drivers of migration).

The second area for action focuses on powering resilience, including opportunities for scaling up low-carbon energy sources. In addition to helping mitigate climate change, these activities offer considerable resilience benefits, as societies with inadequate access to energy are also more vulnerable to climate shocks.

And the third area for action will enable resilience by providing essential data, information and decision-making tools for climate-resilient development across sectors. This includes strengthening hydro-met systems at the regional and country levels, and building capacity to plan and design climate-resilient investments.

The plan is a ‘win-win’ for all especially the people in Africa who have to adapt to climate change and work to mitigate its impacts,” said Jamal Saghir, the World Bank’s Senior Regional Adviser for Africa. “We look forward to working with African governments and development partners, including the private sector, to move this plan forward and deliver climate smart development.”

The Africa Climate Business Plan reflects contributions and inputs from a wide variety of partners with whom the Bank is already collaborating on the ground, in a coordinated effort to increase Africa’s resilience to climate variability and change. The plan aims to help raise awareness and accelerate resource mobilization for the region’s critical climate-resilience and low-carbon initiatives.

The plan warns that unless decisive action is taken, climate variability and change could seriously jeopardize the region’s hard-won development gains and its aspirations for further growth and poverty reduction. And it comes in the wake of Bank analysis which indicates climate change could push up to 43 million more Africans into poverty by 2030.

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Press Release: Ethiopia first country to launch ClimDev-Africa Special Fund project (26.08.2015)

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The ClimDev Africa Special Fund (CDSF) launched its first project in Ethiopia on August 3 to help the country cope with, and build resilience to, climate change by enhancing capacity in climate monitoring, data analysis, interpretation, forecasting and dissemination for use in national decision-making.

The project entitled “Strengthening Climate Information and Early Warning Systems for Climate Resilient Development and Adaptation to Climate Change in Ethiopia – (SCI-EWS)” will be implemented over a span of three years at a total cost of EUR 1 million.

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Speaking at the launch, Ato Alemayehu Tegenu, Ethiopia’s Minister of Water, Irrigation and Energy, noted that, “Enhancing the capacity of the country’s National Meteorology Agency by promoting strategies that effectively manage risks; reduce vulnerability; and maximize opportunities associated with climate variability, change and extreme weather events for different socioeconomic sectors, is central to our commitment to build a fully climate resilient green economy by 2025.” Improved service delivery and cost recovery systems as a result of the project, are expected to generate additional income for the Government to ensure the future sustainability of the system together with the National Meteorological Agency.

Justus Kabyemera, AfDB ClimDev-Africa Special Fund Coordinator further stated, “This project exemplifies the importance of the ClimDev-Africa Special Fund to help mitigate the challenges associated with gathering and relaying important climate-related information on the continent – a critical step to help countries deal with climate change-related risk. In countries such as Ethiopia, in which climate change is not only recognized as a real threat, but as an opportunity as well, working towards sustainable adaptation and mitigation will help it achieve rapid economic development by promoting safe agricultural investments and boosting industrial growth.”

In addition to Ethiopia’s Minister of Water, Irrigation and Energy and staff, the launch was also attended by representatives from the Ministry of Finance and Economic Development, the African Union Commission, the United Nations Economic Commission for Africa, the African Development Bank (AfDB), ClimDev-Africa, and non-governmental organizations.

Following the launch, relevant National Meteorological Agency staff attended a three-day workshop on AfDB project implementation rules and procedures, such as procurement and monitoring and evaluation.

Ethiopia is the first country to benefit from the Fund.

About ClimDev-Africa Special Fund

Launched in November 2014, the ClimDev Africa Special Fund (CDSF) is the funding arm of ClimDev Africa, a joint programme between the African Union Commission, the United Nations Economic Commission for Africa and the African Development Bank. Housed at the AfDB, it is a demand-led fund that pools resources to finance investment activities on the ground across Africa for the generation and use of climate information for climate-resilient development. Grants are provided to projects in line with the ClimDev-Africa Programme’s goal, purpose and results areas and are implemented by national and regional organizations at all levels on the continent.

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