- Written by Our Senior Staff
- Category: Headlines
- Published: 21 February 2013
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According to an AfDB release, the report showcases expected results from projects underway in Kenya, Morocco, Mozambique, Niger and South Africa backed by a US $420 million CIF funding and a US$1.1 billion of the Bank’s own funding. Through the eight projects under implementation, it is expected that 6.9 million tons of CO2 emissions will be avoided every year, while 1.3 million households and businesses will get new access to power, nearly 42,000 hectares of land will be newly dedicated to climate-resilient activities, and 150,000 farmers will gain access to climate information, including 50,000 women farmers and 3,000 villages.
The release said a publication of the African Development Bank’s Energy, Environment and Climate Change Department (ONEC), the report features a review of the Bank’s support to 17 African countries through its CIF portfolio, which is channeling US$1 billion – more than a third of all CIF investment in Africa – to Africa, with the Energy, Environment and Climate Change Department leading the institutional charge.
The release said the report also highlights the work underway with the AfDB and other CIF partners and stakeholders to continue improving the CIF’s effectiveness – exploring new tools and mechanisms, enhancing and simplifying the approach to measuring results, and brokering climate knowledge from the national to the global stage.