• About
  • Become a Climate Reporter
  • Send Us Your Report
  • Submit A News
  • Support Us
  • Privacy Policy
  • Contact Us
Tuesday, June 3, 2025
NEWSLETTER
Africa Climate Reports
No Result
View All Result
  • HOME
  • CLIMATE CHANGE
  • SUSTAINABLE DEVELOPMENT
  • FOOD
  • FOREST
  • ENERGY
  • WASH
  • LAND
  • OTHERS
    • FINANCE
    • HEALTH
    • OCEANS
    • TOP STORIES
    • MOST POPULAR
    • COLUMNISTS
    • INTERVIEWS
    • OPINIONS
    • PHOTOS
    • VIDEOS
Africa Climate Reports
  • HOME
  • CLIMATE CHANGE
  • SUSTAINABLE DEVELOPMENT
  • FOOD
  • FOREST
  • ENERGY
  • WASH
  • LAND
  • OTHERS
    • FINANCE
    • HEALTH
    • OCEANS
    • TOP STORIES
    • MOST POPULAR
    • COLUMNISTS
    • INTERVIEWS
    • OPINIONS
    • PHOTOS
    • VIDEOS
No Result
View All Result
Africa Climate Reports
No Result
View All Result

COP21 in Paris: the CFA franc zone, AfDB calls for an ambitious agreement for Africa

by editor
January 22, 2016
in CLIMATE CHANGE, The Paris Agreement
0
Home CLIMATE CHANGE
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
Seyni Nafo, African Group spokesperson to the United Nations Climate Change Conference (PHOTO-ClimateReporters: Atayi Babs)
Seyni Nafo, African Group spokesperson to the United Nations Climate Change Conference (PHOTO-ClimateReporters: Atayi Babs)

Finance Ministers and Central Bank Governors from CFA franc zone member states (Economic Community of West African States, ECOWAS, and Central African Economic and Monetary Community, CEMAC) met in Bamako on thursday to discuss sustainable growth, with a particular emphasis on environmental challenges and development funding viability.

In light of the forthcoming United Nations Climate Change Conference in Paris (COP21), the first roundtable debate focused on climate change and the issues facing CFA franc zone member states. The discussions were attended by Michel Sapin, French Minister of Economy and Finance; Hela Cheikhrouhou, Executive Director of the Green Climate Fund; Seyni Nafo, African Group spokesperson to the United Nations Climate Change Conference; Janvier Litse, African Development Bank Acting Vice-President for Country and Regional Programmes and Policy; and Youssouf Ouédraogo, Special Adviser to the President of the AfDB. All the participants agreed on the need for African countries to place greater emphasis on climate funding.

According to Cheikhrouhou, Africa received just 5% of total climate funding in 2014. The discussions focused on facilitating access to this funding, as well as new mechanisms, such as the Green Climate Fund.

Litse highlighted the African Development Bank’s contribution to combating climate change: “The AfDB launched a Climate Change Action Plan in 2011. This plan will reach its conclusion in December 2015. […] Between 2011 and 2013, the Bank mobilised US $6.5 billion to support 80 climate resilience projects and 87 low-carbon projects.”

RelatedPosts

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture at Mega Field Day

The participants also heard about the AfDB’s role in setting up the Green Climate Fund, as well as its work in helping countries to access climate funding. The AfDB has also provided assistance to the African Group, helping to formalise a unified African position prior to the COP21 conference.

The cost of climate change to Africa is extremely high. Nafo revealed several alarming statistics, including an estimate that Africa could lose up to 7% of its GDP without an effective climate change adaptation policy.

The CFA franc zone meeting also addressed a range of other topics of interest to the AfDB, including financial integration and capital markets, enhanced commercial policy integration at regional level, efforts to combat money laundering and financing of terrorism in the CFA franc zone, and government debt. These issues were discussed in light of CFA franc zone convergence criteria and multilateral surveillance system reforms in the ECOWAS and CEMAC zones.

Tags: Africaclimate changeclimate financeCOP21 PARIS
ShareTweetSendShare
editor

editor

Related Posts

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition
CLIMATE CHANGE

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

May 22, 2025

By Ken Koutchakpo As South Africa moves toward a low-carbon future, communities most affected by the extractive economy demand to...

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture  at Mega Field Day
Atâyi Babs LIVE!

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture at Mega Field Day

April 22, 2025

An expert displaying how decarbonisation practices reduce biogenic methane from rice cultivation By Atayi Babs Food and agricultural systems are...

Next Post

African Ministers call for strong Universal Climate Agreement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

Côte d’Ivoire targets Food Security through Capacity Development for Rice Farmers

2 weeks ago
Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

Renforcement des capacités des producteurs de riz : un pas décisif vers la sécurité alimentaire

2 weeks ago
L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

Africa Strengthens Rice Value Chain with Second Session of Rice Master Training Programme

3 weeks ago
L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

L’Afrique Renforce la Filière Rizicole avec la Deuxième Session du Programme de Formation des Professionnels du Riz

3 weeks ago
Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

Mining Communities Urge Community-Led Path in South Africa’s Energy Transition

3 weeks ago
Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture  at Mega Field Day

Beninese Rice Farmers hail Climate Resilience and Regenerative Agriculture at Mega Field Day

1 month ago

Popular News

    Social Media

    ABOUT US

    Africa Climate Reports is Africa’s first and largest bilingual journal dedicated to opening new vistas in the coverage and reportage of climate change and the region’s environment. With a multi-lingual team of talented reporters from across the continent, we tell the African climate story in a refreshingly lucid, communally engaging and technically robust manner.

    SITE LINK

    • About
    • Advertise
    • Careers

    OTHER LINKS

    • About
    • Become a Climate Reporter
    • Send Us Your Report
    • Submit A News
    • Support Us
    • Privacy Policy
    • Contact Us

    NEWSLETTER

    Be the first to get notified when we have something new to share. Get Africa Climate Reports newsletter directly into your email.
    we promise not to spam you!
    • About
    • Advertise
    • Careers

    © 2024 All Rights Reserved- Africa Climate Report - Designed by Prexy

    No Result
    View All Result
    • HOME
    • CLIMATE CHANGE
    • SUSTAINABLE DEVELOPMENT
    • FOOD
    • FOREST
    • ENERGY
    • WASH
    • LAND
    • OTHERS
      • FINANCE
      • HEALTH
      • OCEANS
      • TOP STORIES
      • MOST POPULAR
      • COLUMNISTS
      • INTERVIEWS
      • OPINIONS
      • PHOTOS
      • VIDEOS

    © 2024 All Rights Reserved- Africa Climate Report - Designed by Prexy