EU, UNDP launch two-year project to close Africa’s urgent adaptation finance gap – World

EU, UNDP launch two-year project to close Africa's urgent adaptation finance gap - World

The EU-funded project will be implemented by UNDP, in partnership with the Africa Adaptation Initiative and the African Union Commission, to improve knowledge and evidence to scale up action on adaptation to climate change in Africa.

January 25, 2021 – The United Nations Development Program (UNDP), the European Union (EU) and partners of the Africa Adaptation Initiative (AAI) today joined governments, businesses, scientists, NGOs and young people around the world at the 2021 Climate Adaptation Summit to launch a two-year program Grant of 1 million euros to support Africa Adaptation initiative.

The EU-funded project implemented by UNDP addresses adaptation finance gaps in Africa to build more effective locally led climate actions across the continent. The project also expands the capacity to use information on climate risks, assess and implement risk transfer mechanisms, and build knowledge and capacity to develop effective climate change adaptation actions.

The summit not only concluded the Year of Action of the Global Commission on Adaptation, but also began a Adaptation Action Program, an ambitious roadmap for 2030 to accelerate action and drive systematic change.

Adapting to climate change is a human, environmental and economic imperative. The impacts of climate change are there and are wreaking havoc on families, homes, property and livelihoods – especially those living in poverty and fragile regions. Finding solutions that enable people to adapt to the effects of climate change is essential, achievable, and can be effectively planned and implemented, if we act now.

“UNDP is pleased to partner with the EU, AUC and IAA to intensify our work on this new initiative which will focus on ‘Improving knowledge and evidence to scale up action on adaptation to climate change in Africa via the Africa Adaptation Initiative, ”said Ahunna Eziakonwa, UNDP Assistant Administrator and Regional Director for Africa. “Like our 30th anniversary edition of the Human Development Report, ‘The Next Frontier: Human and Anthropocene Development’, the COVID-19 pandemic is the latest crisis the world is facing, but unless humans let go. hold on nature, she won do not be the last. Building on the temporary hold on carbon emissions in 2020 as the world “took a break”, we must renew our commitment to recovery strategies that build better and greener. “

“As world leaders gather at the Climate Adaptation Summit to deliberate on increased ambition, financing and partnership for climate action, Africa’s voice and priorities as well as best practices must be heard, ”Eziakonwa added. “The initiative we are launching today will catalyze further investment in adaptation, while sharing successes across the continent with its State of Adaptation in Africa report.”

During the CAS 2021 Anchor Event – Accelerating African Adaptation: Unlocking Action, Ambassador Seyni Nafo, IAA Climate Change Coordinator, shared information on the two-year project “Improving knowledge and evidence to scale up climate change adaptation action in Africa”.

The project will introduce catalytic crowdfunding solutions for climate action, connect opinion leaders and integrate risk transfer tools into bankable adaptation proposals. As an Africa-led initiative, the AAI project aims to nurture an African expert center on risk management and close adaptation finance gaps.

Sigrid Kaag, Minister of Foreign Trade and Development Cooperation of the Netherlands, and Kitty van der Heijde, Director General of International Cooperation of the Netherlands, hosted the CAS …

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