Scaling Climate Action through Technology and Innovation by SMEs for Green Investment in Africa

Event location: 

Virtual (Via Zoom)

WHAT:	Consultative Workshop on Scaling Climate Action Through Technology and Innovation by SMEs
WHO:	African Development Bank, Natural Eco Capital
WHEN:	6 July, 2020 10:00 a.m – 12:30 p.m  GMT
WHERE:	Virtual (Via Zoom)

The African Development Bank’s Climate Change and Green Growth Department, jointly with Natural Eco Capital(link is external), will host a Consultative workshop on Scaling Climate Action through Technology and Innovation by SMEs for Green Investment in Africa. The workshop will enable stakeholders to enhance and validate these instruments and ensure that they meet the needs of SMEs, including public and private businesses.

The workshop, which is being financed with a grant from the Bank’s Fund for African Private Sector Assistance (FAPA), is part of the Bank’s Private Sector Investment Initiative for Nationally Determined Contributions (NDCs), which aims to promote Africa’s private sector participation in climate-related investments as set out under the Paris Agreement.  The project covers six pilot countries: Egypt, Angola, Morocco, Mozambique, Nigeria and South Africa.

Natural Eco Capital is supporting the workshop with a focus on designing and developing climate change screening and assessment tools for green investment.

 All 54 African countries have signed the Paris Agreement on climate change and at least 44 have submitted NDCs as part of their commitment to keeping global warming below 2°C. It is estimated that the implementation of NDCs in Africa will cost about $3 trillion by 2030.