Frontpage Slideshow
MARRAKECH, Morocco (PAMACC News) - The World Bank and Ithmar Capital have announced the creation of the Green Growth Infrastructure Facility, the first green fund dedicated to Africa. The World Bank Group and Ithmar Capital, have entered into a memorandum of understanding relating to the setting up of a Green Growth Infrastructure Facility for Africa ("GGIF Africa") which primary objective is to catalyse the transition in Africa to a green economy. The two institutions will be supporting resource efficient, low carbon, inclusive growth within the ecological limits of the planet, clean energy and improved energy access, low carbon transportation and logistics including ICT and efficient utilisation of water resources. GGIF AFRICA's intermediate objective is to catalyse and leverage private capital flows for investment in efficient, sustainable, low carbon intensity infrastructure in Africa. World Bank President Dr Jim Yong Kim said climate change is the most significant environmental, economic and social challenges of our time. It poses a substantive threat to the well-being and standard of living today, and for future generations. The COP 22 is mobilising stronger and more ambitious climate action by all Parties and non-Party stakeholders," Kim said. WB's Climate Change Action Plan focus is on the total resources mobilised and catalysed not only on its own account lending, and adjust internal processes and incentives accordingly. "Africa has become a "strategic priority for Morocco''. Relying on its growing economy and European proximity, the Kingdom is working towards becoming a competitive African hub. Morocco is today a key economic and strategic partner for most African economies, as is evidenced by the exponential rise in direct investments in high-value added sectors such as banking, insurance, telecommunications, energy agriculture and social housing," said King Mohammed VI. He added that as the world mobilises to fight climate change and transition to a green economy, it is clear that available public capital would fall far short of the amount needed to avoid a major rise in temperatures. "In this context, GGIF Africa would mobilize capital from the private sector, through public-private partnerships ("PPP") structures at GGIF Africa and project's levels. Public financial contributions would be designed to maximize private investment. The main focus for the GGIF Africa would be deployment of private capital for commercially bankable PPPs, and de-risking marginally non-bankable projects to render them viable. Tools may include innovative mechanisms for project preparation and deal structuring, and strategic design of fund and project capital structures," he said. The World Bank and Ithmar Capital intend to work in close partnership with a broad range of public and private investors, including regional development banks, global and regional institutional investors with the objective to increase private capital participation in green infrastructure investments and achieve resource efficient, low-carbon, low impact and resilient growth in Africa. Dr Akinwumi Adesina, President of the Africa Development Bank (AfDB) said Africa's infrastructure agenda requires a regional approach as there are a large number of national economies under US$10 billion GDP (31), landlocked countries (15) and trans-boundary rivers (60 basins), and…
BY HEADS OF STATES at COP22 We, Heads of State, Government, and Delegations, gathered in Marrakech, on African soil, for the High-Level Segment of the 22nd Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, the 12th Session of the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol, and the 1st Session of the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement, at the gracious invitation of His Majesty the King of Morocco, Mohammed VI, issue this proclamation to signal a shift towards a new era of implementation and action on climate and sustainable development. Our climate is warming at an alarming and unprecedented rate and we have an urgent duty to respond. We welcome the Paris Agreement, adopted under the Convention, its rapid entry into force, with its ambitious goals, its inclusive nature and its reflection of equity and common but differentiated responsibilities and respective capabilities, in the light of different national circumstances, and we affirm our commitment to its full implementation. Indeed, this year, we have seen extraordinary momentum on climate change worldwide, and in many multilateral fora. This momentum is irreversible – it is being driven not only by governments, but by science, business and global action of all types at all levels. Our task now is to rapidly build on that momentum, together, moving forward purposefully to reduce greenhouse gas emissions and to foster adaptation efforts, thereby benefiting and supporting the 2030 Agenda for Sustainable Development and its Sustainable Development Goals. We call for the highest political commitment to combat climate change, as a matter of urgent priority.We call for strong solidarity with those countries most vulnerable to the impacts of climate change, and underscore the need to support efforts aimed to enhance their adaptive capacity, strengthen resilience and reduce vulnerability. We call for all Parties to strengthen and support efforts to eradicate poverty, ensure food security and to take stringent action to deal with climate change challenges in agriculture.We call for urgently raising ambition and strengthening cooperation amongst ourselves to close the gap between current emissions trajectories and the pathway needed to meet the long-term temperature goals of the Paris Agreement. We call for an increase in the volume, flow and access to finance for climate projects, alongside improved capacity and technology, including from developed to developing countries. We the Developed Country Parties reaffirm our USD $100 billion mobilization goal. We, unanimously, call for further climate action and support, well in advance of 2020, taking into account the specific needs and special circumstances of developing countries, the least developed countries and those particularly vulnerable to the adverse impacts of climate change. We who are Parties to the Kyoto Protocol encourage the ratification of the Doha Amendment. We, collectively, call on all non-state actors to join us for immediate and ambitious action and mobilization, building on their important achievements, noting the many initiatives and the…
NAIROBI, Kenya (PAMACC News) - Experts use many numbers when talking about climate change. However, rising temparatures, the resulting crop failure, and the consequent loss of livelihoods and destitution of millions of households are this year’s most important and urgent developments for millions of smallholder farmers across the vastness of the African agro-ecological landscapes.To illustrate the unfolding crisis, let us consider the case of Malawi, one of the few countries to have achieved a fair deal of agricultural success but is now facing the worst drought in over three decades. As is the case with many countries in southern Africa, Malawi has experienced widespread crop failures due to a devastatingly strong El Niño. The country witnessed late on-set of rains, erratic rainfall, floods and prolonged dry spells.As a result, the production of maize - the country’s main staple crop - is estimated at just over 2.5 million tonnes in 2016. This is 16 percent lower than the reduced harvest in 2015 and 34 percent below the previous five year average and has left 39 percent of the population dependant on national and international food aid to survive - a 129 percent increase over last year’s vulnerable population. In the hardest hit areas, harvest reduced by 70 percent while farmers in some areas simply couldn’t plant as the rains never came.Dealing with this challenge in the future will require both efforts to reduce climate change and, most importantly, strategies to enable farmers to adapt to its effects. All eyes are now on the meeting taking place in Marrakesh of the world’s climate change experts and policy makers, which is seeking to set the world on track to reducing greenhouse gas emissions that cause climate change. Last year, the same experts met in Paris and reached a welcome agreement that seeks to limit the rise in global temperatures above pre-industrial levels by 2℃. However, the emissions of greenhouse gases are not yet falling and the effects of climate change are worsening. Much more still needs to be done to address this challenge proactively. Nowhere else is the imperative to act more urgent than in Africa, where 70 percent of the population is dependent on rain-fed, smallholder agriculture. As the case of Malawi demonstrates, rising temperatures in Africa often signal drought and other extreme weather events that put the lives and livelihoods of smallholder farmers at greater risk, increasing their vulnerability to famine and diseases. This reality is here with us today, and far beyond Malawi and southern Africa, with large swathes of the continent currently under the grip of a historical drought.For this reason, those of us from the African continent hope that such a backdrop will give the first post-Paris meeting a greater sense of urgency. Inaction will be catastrophic. Although Africa emits less than 3 percent of the climate change inducing greenhouse gases, it will suffer its effectsdisproportinately. Mean temperatures will rise faster than the global average, exceed 2°C and may reach as high as 3°C to 6°C by 2100.…
MARRAKECH, Morocco (PAMACC News) - African civil society groups at the 22nd Conference of Parties on Climate Change (COP 22) in Marrakech have called on US president elect, Donald Trump to issue a statement denouncing his twitter comment about global warming, failure to which they will join other movements campaigning for the reversal of his election.“Mr. Trump must issue a statement reassuring the international community that his twitter remarks were just but campaign rhetoric, else, we will not tolerate any leaser who seeks to derail gains already made in the fight against climate change,” said Mithika Mwenda the Secretary General for Pan African Climate Justice Alliance (PACJA) at a press conference in Marrakech.Trump came under heavy criticisms especially from his opponent Hillary Clinton during their race to the Oval Office, following his remarks on twitter that; "The concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive." In one of the presidential debates, Trump further said that the issue of climate change is an issue that requires further probing, and that money used to fight the phenomenon should be channeled to other uses."There is still much that needs to be investigated in the field of climate change. Perhaps the best use of our limited financial resources should be in dealing with making sure that every person in the world has clean water. Perhaps we should focus on eliminating lingering diseases around the world like malaria,” said the republican nominee. Perhaps, he continued, “We should focus on efforts to increase food production to keep pace with an ever-growing world population. Perhaps we should be focused on developing energy sources and power production that alleviates the need for dependence on fossil fuels. We must decide on how best to proceed so that we can make lives better, safer and more prosperous,” he added.And now that the American people have given him the key to the White House, civil societies and other interested parties all over the world are worried that his position and views towards climate change may carry the day, hence, lead to the withdrawal of US from the climate negotiation processes.America is one of the world’s top three emitters of greenhouse gases, which are responsible for global warming.By 2011, the top carbon dioxide (CO2) emitters were China, the United States, the European Union, India, the Russian Federation, Japan, and Canada. These data include CO2 emissions from fossil fuel combustion, as well as cement manufacturing and gas flaring. Together, these sources represent a large proportion of total global CO2 emissions.“Africa is the lease emitter of these gases, yet the continent is the most affected by climate change,” said Mithika.In that regard, as the Marrakech negotiations comes to a close, the African Civil Society has called on leaders to accelerate momentum on climate action with the coming into force of the Paris Agreement.