Project profile — Canada-African Development Bank Climate Fund (CACF)

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Overview

Overview

Canada-African Development Bank Climate Fund (CACF) - Overview
CA-3-P006570001
$122,900,000
African Development Bank Group (XM-DAC-46003)
2021-03-30 - 2046-03-31
Operational
Country / region • Africa, regional (100.00%)
Sector • Energy Generation, Renewable Resources
Energy generation, renewable sources - multiple technologies (23210) (20.00%)
• Energy Generation, Renewable Resources
Solar energy (23230) (20.00%)
• Energy Generation, Renewable Resources
Wind energy (23240) (20.00%)
• Energy Generation, Renewable Resources
Geothermal energy (23260) (20.00%)
• Energy Generation, Renewable Resources
Biofuel-fired power plants (23270) (20.00%)
Policy marker • Gender equality (significant objective)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Youth Issues (not targeted)
• ICT as a tool for development (not targeted)
• Children's issues (not targeted)
• Trade development (not targeted)
• Urban issues (not targeted)
• Indigenous Issues (not targeted)
• Desertification (not targeted)
• Biodiversity (not targeted)
• Participatory development and good governance (not targeted)
• Nutrition (not targeted)
• Disability (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
Description and results

Description

This project aims to catalyze public and private sector investments in climate change mitigation and adaptation across Africa, while promoting gender-responsive, sustainable economic development. The Canada-African Development Bank Climate Fund (CACF) 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.

Expected results

The expected outcomes for this project include: (1) reduced greenhouse gas emissions; (2) enhanced resilience of local communities in Africa to cope with climate change; and (3) enhanced participation by women in climate mitigation and adaptation-relevant sector or activities.

Results achieved

Financials

Financials


Original budget $0
Planned Disbursement $0
Transactions
Country Percentages by Sector
Related information

Related information

Canada-African Development Bank Climate Fund (CACF) - Related information
Related activities
Fonds d’assistance technique
Related links
Partner website — African Development Bank Group
Global Affairs Canada
MFM Global Issues & Dev.Branch
Aid grant excluding debt reorganisation
Bilateral
Contributions to specific-purpose programmes and funds managed by implementing partners
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