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



Overview 

CA-3-P006570001
$122,900,000
African Development Bank Group (46003)
2021-03-30 - 2046-03-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Africa, regional (100.00%)

Sector 

• Energy generation, renewable sources - multiple technologies:
Energy generation, renewable sources - multiple technologies (23210) (20.00%)
Solar energy (23230) (20.00%)
Wind energy (23240) (20.00%)
Geothermal energy (23260) (20.00%)
Biofuel-fired power plants (23270) (20.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

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 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Reimbursable grant
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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