AfDB and Green Climate Fund partner to develop renewables in Africa

President of the AFDB; Akinwumi Adesina, while signing a partnership agreement with the GCF, confidently argued that due to this potential, if the fight against climate change cannot be won on the sun-drenched African continent, it cannot be won anywhere.

“Only by defeating the climate change threat in Africa can we reach a global solution,” Adesina said, further calling on the AFDB and the Green Climate Fund to “work together to win this war”. At the same time, an Accreditation Master Agreement was signed to allow AFDB to implement GCF approved projects.

“Together with the Green Climate Fund, we can do a lot to move the continent towards low-carbon and climate-resilient development.”

After having been approved as a GCF entity in March 2016, AFDB has been hard at work on mitigation and adaptation initiatives at the national and regional levels to give African states better access to GCF resources.

GCF Executive Director, Howard Bamsey said that their partnership with AfDB will be very important in unlocking the potential of the African continent in order to achieve climate resilient and low-emission growth.

“The AfDB has already shown through its climate change action plan that it is committed to helping African countries implement their Nationally Determined Contributions (NDCs) under the Paris Agreement,” said Bamsey. “Together, we work for Africa’s progress.”

AfDB’s climate initiative plan runs from 2016 to 2020 and has been manufactured to ensure that inclusive and green growth across the African continent will also insure improved water, and energy and food security, while promoting sustainable use of natural resources. Before this current climate plan began, AfDB had mobilized around $12 billion for climate resilient projects, including the financing of several large-scale PV projects on the continent.