If you joined our Finance session last week, you will have heard Thomas O'Brien, VP's Senior Advisory on Africa, talk about the World Banks new Africa Climate Business Plan (ACBP). For those who missed it:
"The ACBP is a galvanizing platform for climate action that finances some 176 projects totaling of $17 billion dollars, the region is working towards increasing the pace of low-carbon development while coping with the impacts of climate change....
...Now in its third year, the ACBP has become a critical support mechanism that is helping client countries institutionalize climate action and meet their Nationally Determined Contributions (NDCs) submitted under the Paris Agreement. The Bank is working directly with eight countries —Rwanda, Mali, Cote d’Ivoire, Namibia, Uganda, Mozambique, Zimbabwe, and Kenya—on their NDCs on adaptation, mitigation and resilience. In Uganda, the first African country to have an NDC Partnership Plan, the Bank is supporting work on systemic shifts to institutionalize change at scale by embedding climate budget tagging and climate risk screening into national processes."
For more information on the ACBP see: