Transformative Climate Finance Program of the AU-GRAP

Transformative Climate Finance Program of the AU-GRAP

Location

    Period

    Mar 2023 - Jun 2026

    Funding (USD)

    usd

    3,682,779

    Project Code

    ROC09

    Theme

    01 Green Investment

    02 Climate Action

    Gender and Inclusive Development

    Green Finance

    Green Growth

    Status

    Active

    Implementing Partners:
    Resource Partners

    African Union Commission

    African Capacity Building Foundation

    Global Affairs Canada

    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

    “By leveraging the potential of climate finance and investment possibilities, the GRAP initiative seeks to enable [AU Member] states and communities to transform their economies to build resilience and reduce vulnerability to future shocks, particularly targeting women and youth.”

    H.E. Ambassador Josefa Leonel Correia Sacko

    H.E. Ambassador Josefa Leonel Correia Sacko

    Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment, African Union Commission