Wednesday 8th December 2021
Wednesday, 8th of December 2021
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Tag Archives: climate change finance

Germany invests over €600m in developing countries to curb climate change

Rita Schwarzelühr-Sutter

The German Federal Environment Ministry (BMU) investments in international climate projects is said to have reached a record high. In 2020, the BMU supported a total of 385 ongoing and new projects in developing countries and emerging economies with €601.2 million under the International Climate Initiative (IKI). Rita Schwarzelühr-Sutter, German Parliamentary State Secretary In 2019, investments totalled €467 million and some ...

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Canada, AfDB sign $104.8m climate fund agreement

Akinwunmi Adesina

Canadian Government and the African Development Bank (AfDB) have signed a $104.8 million agreement to formalise the Canada-African Development Bank Climate Fund (CACF). AfDB president, Akinwunmi Adesina According to a statement from the AfDB on Tuesday, March 23, 2021, the fund is aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component. The fund would be ...

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Images: When women discussed climate change finance

21st Century Issues

Courtesy of the Centre for 21st Century Issues and Both Ends, the Capacity Building on Climate Finance and the Green Climate Fund for Women held recently in Lagos and Port Harcourt. While the version for South-South/East region held on Wednesday, September 9, 2020, the South West edition held in Lagos a week later on Wednesday, September 16. The day-long events ...

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GCF unveils guide on how to access fund

Howard Bamsey

The Green Climate Fund (GCF) on Tuesday, April 18, 2017 launched a new web-based guide that provides Partners with detailed information on how to access its resources. Tagged “GCF 101”, the guide aims to help GCF stakeholders better navigate the many elements of engaging with the Fund. “GCF 101 is simple. Four distinct chapters address the different opportunities the Fund ...

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Nigeria and climate change finance

Lake Chad

For those still beclouded by their dreams, it is time to wake up from the slumber. It is no more an illusion that outburst of climate change keeps hovering over the continent and its manifestation is quite obvious and being felt across the globe. It is no longer news that the reality of climate change is staring at Africa in ...

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Cheikhrouhou to leave Green Climate Fund

GCF_Executive_Hela_Cheikhrouhou_orig

Executive Director of the Green Climate Fund (GCF), Héla Cheikhrouhou, has announced that she will step down in September 2016, at the end of her current term as head of the Fund. Ms. Cheikhrouhou, who made the disclosure on Friday, was appointed by GCF’s Board in June 2013 to serve as the Fund’s first Executive Director and to establish the ...

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AFC partners with GCF, invests in renewable energy

Andrew Alli, President & Chief Executive Officer, AFC

Through partnering with the Green Climate Fund, AFC will have access to valuable resources to support investments across a variety of green projects The Africa Finance Corporation (AFC) has been accredited as a partnering institution to the Green Climate Fund (GCF), making it the fund’s first African development finance institution. AFC was invited by the GCF to consider becoming an ...

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World Bank supports Brazil climate-friendly projects with $400 million

Candido Bracher

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $400 million financing package for Banco Itaú Unibanco, one of the largest banks in Brazil, to support projects that will help mitigate the effects of climate change. With IFC’s support, Itaú will finance renewable energy, water treatment, and energy efficiency projects, along with other initiatives that ...

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Climate finance can’t be separated from development finance, says Ban Ki-moon

Ban Ki Moon

Provision of adaptation support and resilient building for the most vulnerable and developing countries must be prioritised at the ongoing climate change talks in Lima, Peru, says UN Secretary-General, Ban Ki-moon. He therefore wants tangible progress made by the 20th session of the Conference of the Parties (COP20) to the UNFCCC in solidifying the climate finance regime. The Secretary-General describes the ...

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Lekan Fadina: Africa’s finance negotiation options in Lima

Prince Lekan Fadina, Executive Director at Centre for Investment, Sustainable Development, Management and Environment (CISME), is a negotiator and member of Nigeria’s official delegation to COP 20 in Lima, Peru   COP 20 in Lima, Peru is an important event that its outcome will have a great impact on the global climate and development agenda. It is coming with the ...

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