Green Fund to aid project implementation in AfricaNigeria
The Division Manager, Compliance and Safeguards of the African Development Bank (AfDB) Group, Mr. Anthony Nyong, has said that the proposed African Green Fund (AGF) would enhance direct access by African countries to funds as well as strengthen systems to support implementation of projects.
Nyong, who briefed African climate change negotiators on the status of the Fund in Cancun, Mexico, said it was set up in response to the request by Africa’s leadership for a ring-fencing of resources pledged under the Copenhagen Accord for Africa.
He further said that, “the AfDB is undertaking extensive consultations with stakeholders of the proposed AGF, with emphasis on a bottom-up process in order to ensure that the Fund is effective, and that it meets the needs and expectations of the continent.”
He thanked the African negotiators for their work and urged them to ensure that the mistakes made during the negotiation process of the Clean Development Mechanism (CDM) in Kyoto at COP 3, where a financing mechanism that was not fully aligned with Africa’s needs and priorities was endorsed, were not repeated.
He reminded the negotiators that Africa had not benefitted from the CDM, which was heralded as the solution to helping Africa take advantage of climate change to achieve sustainable development.
Speaking earlier, the Chairman of the African Group, Tosi Mpanu-Mpanu, acknowledged the contributions the Bank had made towards supporting African negotiators in the negotiation process of the UN Framework Convention on Climate Change (UNFCCC).
A statement by the Bank said: “During a lively discussion session that followed Mr. Nyong’s presentation, the negotiators expressed their appreciation of the Bank’s technical and financial support. They acknowledged the desirability of the Fund and commended the AfDB for its constant support to the continent with regards to the challenges posed by climate change.”
El contenido de las noticias que se presentan en esta sección es responsabilidad directa de las agencias emisoras de noticias y no necesariamente reflejan la posición del Gobierno de México en este u otros temas relacionados.
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