Africa Climate Change Fund avails Finance Opportunities but….
By Staff Writer
The Africa Climate Change Fund, ACCF, has launched its second call for proposals which will go towards the scaling up of access to climate finance and to support climate resilient, low carbon development in African countries.
Located in the Climate Change and Green Growth Department of the African Development Bank, (AfDB) , The Africa Climate Change Fund will provide grants of between US$250 000 and US$1 million.
The total funding available is US$5 million which will be disbursed in the form of grants after the submission of concept notes for projects and programmes ranging between US$250 000 and US$1 million.
All African countries are eligible to benefit.
According to the second call for proposals: “The ACCF is seeking innovative and impactful proposals that will support African countries to transition to climate resilient, low carbon development, and scale-up access to climate finance.”
The call for proposals further adds: “ Priority will be given to proposals focused on the thematic areas: supporting direct access to climate finance; and supporting small–scale or pilot adaptation initiatives to build resilience of vulnerable communities.”
Proposals should be aligned with the priorities of the African Development Bank, including the 10-year strategy (which aims for inclusive growth and a transition to green growth) and the High-Five priorities (which aim to light up and power Africa, feed Africa, industrialize Africa, integrate Africa, and improve the quality of life for the people of Africa), as well as with the Nationally Determined Contributions (NDCs) and the National Adaptation Plans (NAPs) or related adaptation strategies of the beneficiary countries.
Those eligible to submit concept notes include all eligible beneficiaries of the ACCF, including African governments, regional organizations, funds, non-governmental organizations (NGOs) and research institutions, as well as Bank departments while proposals from consortia are allowed, as long as all members of the consortium are eligible beneficiaries.
The African Climate Change Fund (ACCF) was created by the African Development Bank in April 2014 with an initial contribution of € 4.725 million from the government of Germany.
It was meant to support African countries in building their resilience to the negative impacts of Climate Change and in transitioning to sustainable low-carbon growth.
The ACCF secured an additional funding commitment of € 4.7 million from the government of Italy at the end of 2015 and a commitment of € 2 million from the government of Flanders, Belgium in 2016, bringing the total contributions to the ACCF since its inception to over € 11.4 million.
These commitments have allowed the ACCF to scale-up to a multi-donor trust fund.
To date, the ACCF has approved 8 small grant projects for a total of US $3.3 million.
The approved projects are supporting six countries (Mali, Kenya, Swaziland, Cabo Verde, Zanzibar (Tanzania) and Cote d’Ivoire) to strengthen their capacities to access international climate finance, as well as two multi-national projects.