The African Development Bank (AfDB) is setting up a training programme on how to access funding from the Green Climate Fund (GCF) to develop sustainable energy projects.
The GCF is mandated to invest 50% of its resources to mitigation efforts and 50% to adaptation in grant equivalent. At least half of its adaptation resources are meant to be invested in the most climate vulnerable countries, which includes African countries. But, African countries are not making the full use of access to the Fund to boost electrification or to introduce mitigation and adaptation measures to deal with climate change.
The training progamme will enable participants to gain specific knowledge, skills and resources to help them mobilise GCF funding for sustainable energy projects. It will, among other things, teach people how to develop and submit better concept notes and project proposals.
Participants will gain in-depth knowledge of the life cycle off GCF-funded project and build their capacity to develop sustainable energy projects in order to obtain GCF funding. The training programme will cover a wide range of sustainable energy technologies, taking into account the specific challenges and reality of different regions and countries.
Programme participants will receive information on specific components of a GCF funding proposal and its funding rational. They will also study practical cases of successful funding proposals and develop concept notes to complement the training.
This training is one of several initiatives and activities the AfDB is engaged in related to climate change resilience. The Bank also houses the regional office of Africa of the Global Adaptation Centre. It is working to mobilise funds dedicated to climate finance because it is convince the rapid and efficient deployment of international public finance will help developing countries adapt to the adverse effects of climate change.
Lighting up Africa while combating climate change
Al-Hamndou Dorsouma, AfDB acting director of the Climate Change and Green Growth Department, said: “With this training, the Bank is committed to building the capacities of regional member countries on scaling up investments in clean energy, thus contributing to low-carbon development on the continent and building resilience in Africa, in accordance with its priority to ‘light up Africa and supply it with energy’ and the New Pact on energy.”
The training will be offered online and in two separate sessions to accommodate French and English speakers. The training of 28 hours in total is spread across three weeks between July and August. Each programme session can accommodate up to 40 participants.
This training is part of the “Strengthening Africa’s capacities to access financing for sustainable energy projects”, which is financed by the India-Africa Technical Cooperation Fund.