{{The African Development Bank targets to become the largest financier of clean energy projects on the African continent.}}<\/p>\n
Currently, several projects have been approved in the AfDB CIF portfolio, with a total investment of $1.1 billion from AfDB and $0.5 billion from the CIF.<\/p>\n
Since 2007, AfDB has dedicated $4.3 billion to clean energy with a vision to support African nations\u2019 efforts to achieve climate-smart growth. <\/p>\n
In its just-released 2013 Annual Report for its work with the Climate Investment Funds (CIF), the African Development Bank (AfDB) has indicated that it is supporting 16 national and 1 regional Investment Plans in renewables, forests, resilience and transport in Africa, and that more than half of the projects under those plans \u2013 including all projects addressing forests and climate resilience \u2013 have been approved by the Bank\u2019s Board and are driving toward implementation.<\/p>\n
Today, through the AfDB as a CIF implementing agency, 16 African countries \u2013 nearly one third of the continent\u2019s 54 nations \u2013 are actively engaged in innovative and urgent climate-smart work, and 13 projects out of the AfDB CIF portfolio\u2019s total of 25 have been approved and are beginning on-the-ground action.<\/p>\n
Mafalda Duarte, AfDB\u2019s CIF Coordinator says, \u201cTo support countries in their efforts to embed climate response into their national development plans \u2013 a must if climate response is to have any lasting impact \u2013 the CIF introduced a programmatic approach to climate action, through which countries developed national-level Investment Plans (IPs) in order to qualify for CIF funding. <\/p>\n
With AfDB\u2019s and CIF\u2019s support, 16 countries throughout the continent have done the critical legwork to build viable IPs, and we are now underway to help them carry out the projects in their IPs.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
{{The African Development Bank targets to become the largest financier of clean energy projects on the African continent.}} Currently, several projects have been approved in the AfDB CIF portfolio, with a total investment of $1.1 billion from AfDB and $0.5 billion from the CIF. Since 2007, AfDB has dedicated $4.3 billion to clean energy with […]<\/p>\n","protected":false},"author":2,"featured_media":2000051663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[75],"byline":[2298],"hashtag":[],"class_list":["post-13889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-environment","tag-homenews","byline-kwezi-patrick"],"bylines":[{"id":2298,"name":"Kwezi Patrick","slug":"kwezi-patrick","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":2298,"name":"Kwezi Patrick","slug":"kwezi-patrick","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000051663,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13889.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13889.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13889.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13889.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13889.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton13889.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/13889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=13889"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/13889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000051663"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=13889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=13889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=13889"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=13889"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=13889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}