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Home Environment

West Africa gets ready for desertification COP15

The two-day sessions focused on financing opportunities that have the potential to deliver transformative projects and programs to boost the Great Green Wall initiative in West Africa

Fabio Scala by Fabio Scala
May 13, 2022
in Africa, Environment
Reading Time: 3 mins read
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West African representatives from the ministries of planning and finance, environment, and other stakeholders gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation and ecosystem restoration.

The workshop was a precursor to the UN Convention to Combat Desertification conference, being held in Abidjan from 9 to 20 May. The two-day sessions focused on financing opportunities that have the potential to deliver transformative projects and programs to boost the Great Green Wall initiative in West Africa.

The African Development Bank’s Africa Climate Change Fund contributed to the workshop, developed by the UN Convention to Combat Desertification, in collaboration with several technical and financing partners.

Also read: African Airlines join forces to stave off fuel price

Halting and reversing land degradation can transform the land from being a source of greenhouse gas emissions to a sink by increasing carbon stocks in soils and vegetation. Land degradation neutrality aims to balance anticipated losses in land-based natural capital and associated ecosystem functions and services with measures that avoid and reduce land degradation and produce alternative gains through land restoration and sustainable land management approaches.

During his opening remarks, Laouali Garba, Manager for Agriculture Research, Production, and Sustainability at the African Development Bank said: “The Bank supports African countries in finding solutions for the sustainable management of natural resources to enhance the resilience of populations to the adverse effects of climate change and variability.”

Since the launch of the Bank’s Feed Africa strategy in 2015, more than 74 million people have benefited from access to improved agricultural and sustainable land management technologies. The Technologies for African Agricultural Transformation (TAAT) program has provided 11 million farmers in 29 African countries with proven agricultural technologies, Garba said.

Halting and reversing land degradation can transform the land from being a source of greenhouse gas emissions to a sink by increasing carbon stocks in soils and vegetation

“As the champion of resource mobilization to accelerate the implementation of the Great Green Wall Initiative Priority Investment Plan (2021-2030), the African Development Bank welcomes this partnership with the Global Mechanism for the UN Convention to Combat Desertification,” he said.

Also read: New mining investment opportunities for Africa

Cathrine Mutambirwa, the Program Coordinator of Land Degradation Neutrality and Land Restoration at the Global Mechanism, said: “We work with partners to improve the capacity to design transformative land-based interventions to build resilience and improve rural livelihoods. With the African Development Bank and other partners, we complement each other well to move the projects quickly.”

Land-based transformative projects and programs can target a wide range of funding sources, by combining public, private, and blended financial resources, including the Global Environment Facility, the Green Climate Fund, the Adaptation Fund, and other financing mechanisms from multilateral and bilateral banks, like the Land Degradation Neutrality Fund.

Rita Effah, Senior Climate Finance Officer and Africa Climate Change Fund Coordinator, outlined how to access African Development Bank financing: “The Africa Climate Change Fund supports regional member countries to directly access climate finance by preparing bankable projects to access climate funds and also by supporting the implementation of small-scale adaptation projects, including land restoration, to enhance communities’ resilience.”

The African Development Bank, as an implementing agency and accredited entity to the Global Environment Facility, Green Climate Fund, and the Climate Investment Funds, is co-financing projects that contribute to addressing land degradation in Africa.

Moussa Nakoulima, Investment Officer, Global Partners, at the European Investment Bank mentioned that the European Investment Bank had invested over €10 billion in Africa in 2021.

Also read: Ecobank launched leadership program for African women entrepreneurs

Yasmina Oodally, an Environmental Specialist at the World Bank, explained how the World Bank supports the Great Green Wall, with future land restoration projects targeting policy and institutional reforms designed to empower local communities, especially women. The World Bank committed $5.6 billion through ongoing and new projects in the Great Green Wall countries.

Sarah Toumi, Program Management Officer of the Great Green Wall initiative, said: “The Pan-African Initiative of the Great Green Wall is a nature-based solution to the complex challenges facing humanity and a compelling symbol of what is possible if we work together to protect and restore our planet. It is one piece in the puzzle in providing genuine alternatives for people increasingly working together to stop the drivers of land degradation and increase rehabilitation of degraded lands.”

Related

Source: AfDB Press Release
Tags: africaAfrica Climate Change Fundafrican development bankclimate changeecosystem restorationenvironmentFeaturefinancing opportunitiesGlobal Environment FacilityGreat Green Wall initiativeGreen Climate FundSarah Toumisoils and vegetationWest Africa gets ready for desertification COP15West Africanафрикаأفريقياアフリカ非洲
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Fabio Scala

Fabio Scala

Fabio Scala is currently a bank director in Mozambique. Previously he served in a UK family office focused on an equity portfolio in Southern Africa. He is also a board member of Uhusiano Capital, a boutique investment firm focused on impact investment, and a board advisor at Digilogic - a pan-EU-Africa network of DIHs focusing on Smart logistics. Prior to his African experience, Fabio has worked in the US, Portugal, and Brazil where he started his career at Caixa Economica Federal - the country’s largest state bank.

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