AAAP at COP27
9 November, 2022With the strapline, ‘Together for implementation,’ COP27 - the African COP, closed with a breakthrough agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters.
Here is a comprehensive look at AAAP’s focus on delivering an accelerated adaptation action in Sharm El-Sheikh.
Global Leaders Rally Support and Finance for the Africa Adaptation Acceleration Program to Tackle Climate Change in Africa
Global leaders rallied around climate adaptation for Africa. They attended the Africa Adaptation Leaders’ Event, convened by African Union Chair President Macky Sall of Senegal, Global Center on Adaptation CEO Patrick Verkooijen, and African Development Bank Group President Akinwumi Adesina.
The summit underscored the critical need for climate adaptation in Africa and responded to the call for the capitalization of the Africa Adaptation Acceleration Program (AAAP).
African Union welcomes the Netherlands’ contribution of EUR 110 million for the Africa Adaptation Acceleration Program at COP27
The African Union (AU) welcomed the Netherlands’ contribution of EUR 110 million in support of the Africa Adaptation Acceleration Program (AAAP) ahead of the COP27 Leaders’ Event on Accelerating Adaptation in Africa. The Prime Minister of the Netherlands Mark Rutte announced the financial commitment during a high-level meeting with Senegal’s President Macky Sallwho is also the Chairperson of the African Union, Patrick Verkooijen, CEO of the Global Center on Adaptation, and the President of the African Development Bank Group Dr Akinwumi A. Adesina.
Awards for Innovative Adaptation Solutions
On the sidelines of the 27th United Nations Climate Change Conference of Parties (COP27), which closed on 18 November 2022 in Egypt, the African Adaptation Acceleration Program unveiled the winners of the 2022 YouthADAPT challenge. For this second edition, 20 projects with USD 100,000 each for their climate innovations, particularly in the fields of agriculture, energy, and waste.
Showcasing Innovative Adaptation Solutions (2021 YouthADAPT Winners)
The winners of the 2021 YouthADAPT awards showcased their adaptation innovations at the Youth Pavilion. Three of the 15 winners demonstrated how additional funds from the YouthADAPT program had supported the growth of their businesses scaled-up business solutions and positioned these enterprises to better access further financing to support their growth.
Climate-proof Infrastructure solutions for low-carbon and resilient development in Africa
At the AAAP COP27 event on climate-resilient infrastructure, the Swiss Confederation through the Swiss State Secretariat for Economic Affairs (SECO) and Spain announced additional financial support to the African Development Bank Group’s Urban and Municipal Development Fund (UMDF), a thematic trust fund that helps African vulnerable countries to spur equitable green and climate resilient urbanization.
Le Programme sur l'accélération de l'adaptation en Afrique (AAAP). Opportunités pour l'Afrique francophone.
Passer en revue les exemples et les résultats des activités opérationnelles de la Facilité de financement en amont du PAAA, Mettre en évidence la façon dont le Programme d'accélération de l'adaptation en Afrique produit un triple dividende, en évitant les pertes futures, en stimulant les gains économiques et en offrant des avantages environnementaux et sociaux grâce aux investissements dans l'adaptation.
Mobilizing innovative Financing for building resilient and sustainable food system for Africa
African agriculture ministers attending the United Nations climate summit in Egypt reiterated a commitment to work with development partners to unlock the continent’s agriculture potential. During the special ministerial session, there was a strong consensus that Africa can feed itself if supported with green financing and climate-smart technology to boost agriculture productivity.
Bridging the adaptation finance gap - Innovative financing mechanism to attract the private sector
In the face of the climate crisis, Africa does not have the resources to tackle climate change. The continent receives only 3% of global climate financing. If this trend continues, Africa’s climate financing gap will reach $100 billion to $127 billion per year through 2030. How do we bridge the adaptation gap? AAAP organized a side event at the MDB Pavilion to discuss innovative instruments, tools, and approaches for climate finance.
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