AfDB - African Development Bank Gro

Purpose

This project aims to catalyze public and private sector investments in climate change mitigation and adaptation across Africa, while helping developing countries transition to low-carbon, climate-resilient, nature-positive, and inclusive sustainable development. The Canada-African Development Bank Climate Fund (CACF) 2.0 seeks to address climate change with the broader effort to protect nature and address biodiversity loss. CACF 2.0 seeks to reduce greenhouse gas emissions by scaling up renewable energy, supporting energy efficient projects, and developing green infrastructure and sustainable cities (e.g. waste management, urban transport, green infrastructure, and digital solutions). Additionally, the CACF intends to support climate change adaptation and build climate resilience. All CACF projects will explicitly and systematically implement gender equality considerations derived from gender equality analysis.