Carbon finance in africa and strategies

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Carbon finance in africa and strategies

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Contact Africa Carbon Forum 11 - 13 April, The 10th Africa Carbon Forum ACF offers a comprehensive programme for project developers and policymakers on the latest investment, finance and development opportunities relating to climate change.

Why an Africa Carbon Forum? In Novemberthe United Nations Secretary General launched the Nairobi Framework with the aim to help developing countries, especially those in sub-Saharan Africa, to improve their level of participation in the clean development mechanism CDM.

In Decemberthe international community achieved a resounding success crafting a new, universal climate change agreement at the COP21 in Paris. The present moment marks the start of a new era for the Nairobi Framework and the Africa region as a whole, one that holds great challenges but also exciting, transformational opportunities driven by ambitious national action and increased international cooperation in the areas of finance, market-driven development approaches, technology transfer and capacity-building.

Carbon finance in africa and strategies

The Nairobi Framework aims to capitalize on these opportunities by maximizing efficiency in the provision of support to developing countries in implementing their NDCs in the areas of climate finance technology transfer and capacity building for mitigation, through creation of an enabling environment at national level, regulatory mechanisms and carbon markets, including the CDM.

Under the overarching mandate of the Nairobi Framework, the ACF will provide a momentous opportunity and platform for African policymakers and practitioners to discuss the latest developments related to climate change policy, carbon markets and finance; share knowledge on innovative solutions in the context of Nationally Determined Contributions NDCs and other strategies; and to explore possibilities for collaboration on regional and global climate change initiatives.The Africa Climate Change Fund (ACCF), housed in the Climate Change and Green Growth Department of the African Development Bank (AfDB), is launching a call for proposals.

The funding envelope available for this call is US $5 million in the form of grants. South Africa’s strategy on climate finance (tracking) South Africa, which belongs to both the Africa Group and the G77 and China, supports the view that taking into consideration that other sources of finance like private sector and carbon market can play a supplementary role” (Africa Group ).

use carbon finance to provide wide-ranging economic, environmental and social benefits to The challenge for banks, including those in South Africa, has been in developing strategies and financing partnerships to get the good projects off the ground and which together with Carbon Africa, a carbon.

Under the overarching mandate of the Nairobi Framework, the ACF will provide a momentous opportunity and platform for African policymakers and practitioners to discuss the latest developments related to climate change policy, carbon markets and finance; share knowledge on innovative solutions in the context of Nationally Determined Contributions (NDCs) and other strategies; and to explore .

Carbon finance should be a “win-win” opportunity for Africa and its investors: a way to promote new development initiatives, such as renewable energy projects, while reaping sponding to climate change.

The Africa Climate Change Fund (ACCF) supports African countries in building their resilience to the negative impacts of climate change and transitioning to sustainable low-carbon growth.

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