Transformative Climate Finance Program of the AU-GRAP
Location
Period
Mar 2023 - Jun 2026
Funding (USD)
3,682,779
Project Code
ROC09
Theme
01 Green Investment
02 Climate Action
Gender and Inclusive Development
Green Finance
Green Growth
Status
Active
Project Summary
The Transformative Climate Finance Program (TCFP) supports the operationalization of the African Union Green Recovery Action Plan (AU-GRAP) and aims to address the issue of climate finance and enhance access to climate finance for Africa’s most vulnerable regions and communities. Funded by Global Affairs Canada, the Transformative Climate Finance Program is part of the first phase of AU-GRAP operationalization It is piloted in seven AU Member States, including Côte d’Ivoire, Ethiopia, Lesotho, Namibia, Rwanda, Senegal, and Zambia, and three Regional Economic Communities (RECs), namely: the Common Market for Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC), and the East African Community (EAC).
Project Outcome
The project aims to enhance collaboration between the AU Member States, the RECs, and the African Union Commission on a wide range of shared priorities. It strengthens the economic and climate resilience of the African population, especially women and youth, in the post-COVID-19 era to help achieve the AU’s goals for sustainable recovery from shocks and the realization of a shared vision for a prosperous, secure, inclusive, and innovative future for Africa, in alignment with Agenda 2063, The Africa We Want.
Context
In February 2022, the African Union (AU) Heads of State and Government adopted the AU Green Recovery Action Plan (AU-GRAP 2021-2027) to guide a shift towards sustainable recovery across the African continent. The AU-GRAP is a comprehensive strategy that promotes sustainable development and addresses the impacts of climate change in Africa. It focuses on five key thematic pillars: Climate Finance, Clean Energy, Biodiversity and Nature based Solutions, Sustainable Agriculture, and Green and Resilient Cities with a focus on Water.
AU-GRAP’s objectives are to create jobs, promote economic growth, and reduce greenhouse gas emissions while protecting the environment and building resilience to climate change.
Intermediate Outcomes
The project will result in the following outcomes:
1. Strengthening the AUC’s ability to implement the AU-GRAP.
2. Enhancing skills of national and regional policymakers to develop inclusive green growth policies, plans, and programs in alignment with their nationally determined contributions and climate change strategies.
3. Improving the ability of governments and partners to access climate finance for Africa’s green recovery, with a focus on initiatives that support women and youth