African Development Bank Group

Purpose

P006570001: The objective of the Canada AfDB Climate Fund (CACF) is to enable climate change mitigation and adaptation projects with strong gender-responsive components in African developing countries. The CACF aims to significantly reduce greenhouse gas emission by scaling up renewable energy, supporting energy efficient projects, and developing green infrastructure and sustainable cities (e.g. waste management, urban transport, green infrastructure, digital solutions). The CACF also intends to support climate change adaptation and build climate resilience by helping to deliver climate-smart solutions for local economies, including clean energy (e.g. off-grid solar energy, clean cooking technology), climate-smart agriculture, and nature-based solutions (e.g. sustainable forestry). Gender equality, particularly the empowerment of women and girls, will be an objective across all concessional financing of the CACF, aiming at direct, measurable gender equality outcomes. P006570002: The Technical Assistance Facility (TAF) will be part of the overall Canada-AfDBDevelopment Bank Climate Fund (CACF), which is aimed at enabling climate change mitigation and adaptation projects with strong gender-responsive components in African developing countries. The TAF will support projects in the CACF pipeline to address the increased technical complexity, coordination requirements and reporting obligations related to climate finance operations, as well as support project preparation activities that accelerate project development towards bankability. The TAF will provide grants to Eligible Projects under consideration or implementation that: (i) seek to address the specific costs and risks related to project preparation; (ii) increase the potential for achieving optimal results on key areas, such as gender and human rights, during project origination, implementation and supervision; and (iii) enhance knowledge management, monitoring, evaluation, and learning from CACF activities, not already covered by the Supervision fee in Section 2.4 Part I of the Arrangement. Proceeds from the TAF may also be used to contract consulting support for origination, program management, and monitoring and evaluation of Eligible Projects, as needed