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Call for Mitigation Project Proposals: African Development Bank Fund 

Call for Mitigation Project Proposals: African Development Bank Fund 

Introduction

The African Development Fund (ADF) has announced the second call for proposals through its Climate Action Window (CAW) during the 59th Annual Meetings of the Board of Governors of the African Development Bank Group, held in Nairobi. This initiative aims to support 37 low-income and vulnerable African countries in accessing climate finance to combat the impacts and shocks of climate change.

Background

Creation of the Climate Action Window

The CAW was established during the 16th replenishment of the African Development Fund (ADF-16) to provide financial support to African nations most affected by climate change. This fund is critical in helping these countries scale up their climate resilience efforts and promote sustainable development.

First Call Success

Robust Response

The initial call for proposals under the CAW received a substantial response, with 359 eligible proposals amounting to $4 billion. This overwhelming interest underscores the pressing need for climate adaptation and mitigation projects across Africa.

Financial Support

During the first donor meeting, African Development Bank Vice-President Kevin Kariuki highlighted the approval of $13.3 million from the Bank’s net income for the CAW, reflecting the Bank’s commitment to climate action.

Second Call for Proposals

Focus on Mitigation Projects

The second call for proposals will emphasize climate mitigation projects designed to reduce or avoid greenhouse gas emissions. These initiatives are crucial for Africa to progress towards net-zero emissions and tackle the adverse effects of climate change.

Eligible Participants

The call is open to a wide range of participants, including government entities, ministries, departments, agencies, African Development Bank departments, non-governmental organizations, community-based organizations, and inter-governmental organizations.

Financial Allocation and Grants

The CAW is allocating approximately $64 million for this call. Funding requests for single projects or programs can range from $3 million to $5 million, with the possibility of exceptions based on the independent evaluation committee’s recommendations.

Climate Financing Needs

Current Climate Financing Needs

Africa faces significant climate financing needs, estimated at around $277 billion. Innovative financial tools, such as guarantee mechanisms and sustainable hybrid bonds, are essential to meet these requirements.

Bank’s Commitment

The African Development Bank has pledged to allocate at least 40% of its annual investments, approximately $25 billion from 2020 to 2025, to climate finance. In 2023, the Bank committed $5.85 billion towards this goal, demonstrating strong progress.

Founding Donors and Acknowledgements

Vice-President Kariuki expressed gratitude to the founding donor countries—Netherlands, Germany, Switzerland, and the United Kingdom—for their support and belief in the vision of the ADF.

Project Scope and Impact

Diverse Sectors

The projects span various sectors, including agriculture, water security, early warning systems, green finance, and resilient infrastructure. These initiatives represent the largest pipeline of adaptation projects on the continent.

Submission Details

  • Deadline: July 8, 2024, at 11:59 GMT
  • Submission Languages: English or French

For further inquiries and submission details, interested parties can contact:

    • Name: Amba Mpoke-Bigg
    • Designation: Communication and External Relations Department, African Development Bank
    • Email: media@afdb.org

You can also visit the African Development Bank Website for more info.

Conclusion

The second call for proposals through the Climate Action Window represents a significant opportunity for African countries to enhance their climate mitigation efforts. By participating, organizations can contribute to a more sustainable and resilient future for the continent.