Namibia - Preparation of the NPC Namibia Investment Plan
Sector: Raw Materials • Location: Namibia
Source: African Development Bank (AfDB)
Africa is responsible for only a fraction of global greenhouse gas emissions, but the continent is suffering disproportionately from climate change. Temperature increase is accelerating; extreme weather is worsening food insecurity, displacement, and conflict; agricultural productivity is falling; and adaptation financing is insufficient.
To help developing countries mitigate and adapt to clima
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Description
Description | Africa is responsible for only a fraction of global greenhouse gas emissions, but the continent is suffering disproportionately from climate change. Temperature increase is accelerating; extreme weather is worsening food insecurity, displacement, and conflict; agricultural productivity is falling; and adaptation financing is insufficient. To help developing countries mitigate and adapt to climate change through Nature-based Solutions, the Climate Investment Funds (CIF) launched the $370 million Nature, People and Climate (NPC) investment program and, earlier this year, selected seven countries and one region to participate, with a large contingent from Africa: Ethiopia, Egypt, Kenya, Rwanda, and Africa’s Zambezi River Basin Region (Malawi,?Mozambique, Namibia, Tanzania, and Zambia). For these African programs, implementing partners include the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the International Financial Corporation (IFC), and the World Bank (WB). Starting in May 2023, seven African countries have launched the development of investment plans, with scoping missions in Kigali, Rwanda (May 2-4); Lusaka, Zambia (May 8-12); Nairobi, Kenya (May 29-31); Addis Ababa, Ethiopia (June 5-9); Harare, Zimbabwe (July 24-27); Windhoek, Namibia (September 18-22); and Cairo, Egypt (October 2-4). All the investment plans will be presented for approval by CIF’s Trust Fund Committee before implementation. These missions helped identify multiple drivers of climate change and impacts resulting from human activities on land resources and ecosystem services, and map out integrated solutions through the development of investment plans. To achieve this, scoping missions included high-level government officials, private sector representatives, multilateral development banks (MDBs), non-governmental organizations, and civil society organizations, including youth and women representatives. |
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Original Currency | USD |
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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