FSD Africa has launched a first-of-its-kind climate finance training programme, designed to expand access to funding for climate mitigation and adaptation on the African continent.
Developed collaboratively with the National Treasury and Planning – Kenya, the training will be delivered through a coalition of global partners, including the University of Cambridge Institute for Sustainability Leadership (CISL), the International Institute for Environment and Development (IIED), and the Eastern and Southern Africa Management Institute (ESAMI).
The training is focused on giving regional policymakers, regulators, academia, business leaders and financial market professions the knowledge needed to access climate finance from global sources and fast-track capital mobilisation for projects across Africa.
The training programme will target 100 trainees annually with the first cohort of 50 joining in August. A subsequent class will be held in September. Through a combination of knowledge building and targeted investment, FSD Africa aims to help firms, regulators, and government ministries in Africa and beyond to better identify, understand, manage, and monitor key climate and environmental risks and opportunities.
Climate change and Africa
Climate change affects all sectors of the economy and threatens the delivery of the Sustainable Development Goals (SDGs). Although Africa is the continent the least responsible for global greenhouse gas emissions, it is most vulnerable to negative impacts of climate change due to its high exposure and low capacity to adapt to climate change. Evidence indicates that the poor and marginalised are more impacted by climate change.
As African countries grapple with the worst impacts of climate change, financing raised and invested in projects addressing climate change and supporting environmental sustainability will continue to be critical.
Julius Muia, PhD, CBS, Principal Secretary, The National Treasury, Kenya said: “This innovative training programme has been long overdue for Africa. If we continue to pollute the air, water and soil that keep our ecosystems alive, and destroy the biodiversity that feeds us, no amount of money will save us. We have a choice now to build the capacity of African governments and financial institutions to make the continent greener, more climate-resilient, and a better place for all.”
Have you read?
DAY ONE: Best of Enlit Africa digital event agenda
Mark Napier, CEO of FSD Africa, said: “This is an exciting opportunity to partner with decision-makers in financial markets from the public and private sectors. Committing to raising awareness for the development of appropriate policies and financial products is crucial if we are to reduce the cost and impact of climate change in the region.”
Find more about the training programme