The African Development Bank Group (AfDB) has formally launched a Call for Proposals for the Technical Assistance sub-window of the Climate Action Window (CAW), marking an necessary milestone within the struggle towards local weather change. This announcement was made throughout the High-Level launch occasion on the #AfricaPavilion at COP29, the place the AfDB highlighted its dedication to addressing the rising local weather finance hole throughout Africa.
What is the Climate Action Window (CAW)?
The Climate Action Window is a part of the African Development Fund’s (ADF) Sixteenth Replenishment (ADF-16) cycle, which goals to mobilize important local weather finance to assist African nations in tackling local weather challenges. The CAW is designed to offer fast and versatile entry to local weather finance for nations that want it most, particularly these weak to local weather impacts.
With an formidable purpose to mobilize $4 billion throughout the present ADF cycle (2023-2025) and an final goal of $13 billion, the CAW will assist bridge the vital financing hole going through the 37 African Development Fund (ADF) nations.
Key Objectives of the Climate Action Window
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Mobilizing Resources:
The CAW seeks to mobilize co-financing sources from varied worldwide, regional, and private-sector companions to bolster efforts in addressing local weather change throughout Africa. -
Focusing on Vulnerable Communities:
A key precedence of the CAW is to assist weak and fragile communities which might be disproportionately affected by local weather change impacts, akin to droughts, floods, and desertification. -
Rapid Access to Climate Finance:
The CAW is designed to offer fast entry to funding for African nations, enabling them to implement efficient local weather adaptation and mitigation initiatives on the bottom. -
Supporting Sustainable Development:
By channeling sources into climate-smart initiatives, the CAW goals to assist the Sustainable Development Goals (SDGs) and foster climate-resilient financial development throughout the continent.
Technical Assistance Sub-Window: A Key Tool for Capacity Building
The Technical Assistance sub-window is a vital part of the CAW, offering funding to strengthen the capability of African nations and establishments to design, implement, and scale up local weather motion initiatives. This funding is out there to assist technical help in areas akin to:
- Climate adaptation and mitigation methods
- Capacity constructing for local weather resilience
- Feasibility research and challenge preparation
- Knowledge sharing and greatest practices
- Policy and institutional reforms
The technical help offered by way of this sub-window will empower African nations to construct sturdy local weather motion frameworks and improve their means to safe further financing from world and regional sources.
Why Is This Call for Proposals So Important?
The launch of this name for proposals is a vital step towards attaining the objectives of the Paris Agreement and making certain that Africa’s local weather agenda is satisfactorily funded. The growing impacts of local weather change threaten the livelihoods of thousands and thousands of individuals throughout the continent, with weak communities being the toughest hit. This name for proposals invitations eligible nations and organizations to submit challenge proposals that align with the goals of the CAW, making certain that local weather finance is channeled to the place it’s wanted most.
By supporting each large-scale infrastructure initiatives and smaller, community-driven initiatives, the African Development Bank goals to create a transformative shift in the best way local weather finance is accessed and distributed throughout Africa. With its give attention to innovation, collaboration, and inclusivity, the CAW has the potential to drive sustainable and impactful local weather motion throughout the continent.
Application Deadline: fifth February 2025
Ensure you submit your proposal by the deadline of 11:59 PM GMT on fifth February 2025. Applications obtained after this date won’t be thought of, so be certain to submit your proposals earlier than the closing time.
For extra info on the applying course of, eligibility standards, and learn how to submit your proposal, go to the official African Development Bank Group web site here.
