Linking the Paris Agreement to sustainable development
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Linking the Paris Agreement to sustainable development

  Linking the Paris Agreement to sustainable development By Houmi Ahamed-Mikidache The African Union Commission (AUC); the African Development Bank (AfDB); the United Nations Environment Programme (UNEP) and, the United Nations Framework Convention on Climate Change (UNFCCC) will host a high level panel discussion in Addis-Ababa (Ethiopia) on 2 April 2016. It will be held in parallele of the the African Development Week hosted by the Economic Commission for Africa (ECA) and the African Union (AU), started from 31 March until  5th April. The Safeguarding pathways to sustainable development The high level panel discussion titled “The Paris Agreement: Implications for Green Growth in Africa” will be an opportunity to provide guidance, pathways and strategies for the ease of the implementation of the Paris agreement prior to its coming into effect in 2020, according to a press release from the Africa Climate Policy Centre of Economic Commission for Africa (ACPC). Approved last december by 196 parties to combat Climate Change, the Paris Agreement has 32 decisions. It aims to replace the second commitment period of the Kyoto Protocol which expires in 2020.  Africa emits less than 4% of the greenhouse gas emission.  But all parties  have «  to ensure they achieve the dual objective of controlling global warming while safeguarding pathways to sustainable development,” recalls experts. The main instruments of the Paris Agreement, are the national action plans namely now Nationally Determined Contributions (NDCs). It aims to limit global warming below 2 o Celsius. To achieve the 1,5° required by the IPCC*, the Paris Agreement specifies that there is commitment to review national pledges every five years. Fifty- three out of fifty-four- African countries have submitted their national action plans, affirms a few days ago Dr. Abdalla Hamdok, Chief Economist and Deputy Executive Secretary of the ECA , in a meeting on renewable energy in Addis-Ababa. For Fatima Denton, Director of the ECA Special Initiatives Division and Coordinator of the ACPC, Africa countries have to coordinate their  strategies to adapt and to mitigate in a sustainable way. “During this pre-2020 period, the focus is expected to be on consultations to revise the NDCs, raise the levels of ambition, and prepare implementation and associated resource and investment plans that are aligned with national development priorities. Capacity and institution building will be important in this phase to allow for the proper planning, implementation and monitoring of NDC related activities,”  she points out recently. Climate finance: the key issue Around 621 million people in Africa have no access to electricity, according to the Africa Progress report 2015. ” In Nigeria, an oil exporting superpower, 93 million people lack electricity. Angola has five times...

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GCF’s board   approved 13 new partners
Mar14

GCF’s board approved 13 new partners

The  board of the Green Climate Fund ( GCF)   approved 13 new partners , last week, during a two day meeting in Songdo, South Korea.  Greening their portfolios These 13 institutions are partly governments, international organizations,  and there are also private  banks such as Credit Agricole and HSBC. Prior to the Board’s twelfth meeting, 170 civil societies raised objection to the approval of these banks.  Civil societies criticised these banks for being involved in mismanagement scandals, and for   investing largely in fossil fuels. For the GCF,  the partnership with the banks and others institutions  means that they will demonstrate  that they are committed to greening their portfolios. The newly approved institutions  are: Agency for Agricultural Development of Morocco (ADA); Ministry of Finance and Economic Cooperation of the Federal Republic of Ethiopia (MOFEC); National Environment Management Authority of Kenya (NEMA); Development Bank of Southern Africa (DBSA); Credit Agricole Corporate and Investment Bank (Crédit Agricole CIB); HSBC Holdings plc and its subsidiaries (HSBC); African Development Bank (AfDB); European Investment Bank (EIB); International Finance Corporation (IFC); Unidad Para el Cambio Rural from Argentina (Unit for Rural Change – UCAR); International Union for Conservation of Nature (IUCN); World Food Programme (WFP); and World Meteorological Organization (WMO). GCF’s first strategic plan 33 entities are now authorized to partner with GCF and implement its projects and programmes. With $10.3 billion,  GCF’s current pipeline includes 22 private and public projects with a total value of over USD 5 billion. In the meeting in South Corea, the board adopted a first strategic plan, which sets out GCF’s vision, operational priorities, and an action plan to be implemented by 2018. This strategic plan aims to scale the fund resources in an ambitious and country driver manner. “We have adopted the strategies and policies we urgently needed to evaluate existing funding proposals,” says, in a GCF press release, Zaheer Fakir, Co-Chair from South Africa. During the board meeting in South Corea, procedural decisions were taken to boost the Secretariat’s staffing from its current 56 permanent staff to 100 by the end of 2016, and 140 by the end of 2017.   The Board approved also an  USD 1.5 million for Rwanda as the first grant under the Fund’s Project Preparation Facility (PPF), an innovative instrument to support developing countries to generate high-quality projects, according to the GCF press release . It has also been announced that 13 countries under the Fund’s readiness and preparatory support programme will receive USD 11.2 million, following a grant agreement formerly signed with these countries. During the meeting, the United States informed the Board that it completed arrangements to transfer USD 500 million to the GCF as...

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