Activity that's "100% Paris Agreement
Increasing the volume of climate financing
Redirecting financial and investment flows
Jointly building solutions and influencing norms
Climate and the role of national development banks
Droughts, flooding, rising sea level, cyclones, etc.… Global warming is making itself increasingly felt on our planet. Its effects are very visible in the developing countries, which are also the most vulnerable ones. Global warming thus has serious consequences for humankind and the environment.
For AFD, the conclusions are clear: sustainable development and fighting poverty cannot be dissociated from fighting global warming and protecting the environment and biodiversity.
That’s why for more than 10 years we have been committed to the climate, by interconnecting our actions among three themes: mitigation of climate change (i.e. limiting greenhouse gases); adaptation to the impacts of climate change (i.e. reducing the exposure and vulnerability of people and territories to climate events); and support to States, communities and territories in the setting up of development trajectories that are low-carbon and resilient to climate change.
To carry this out, we have a wide range of financial tools, such as loans, budgetary aid, guarantees, investments in capital or in grants, and technical assistance). We also mobilize resources from European and international sources such as the Green Climate Fund. Finally, we enhance our climate efforts by striving for project co-financing with other French and international donors.
And, just recently, we strengthened our climate ambitions, having set a big objective within our new climate strategy adopted in November 2017: that of becoming a development bank “100% compatible with the Paris Agreement”.
With 29 billion euros of financing approved for the climate since 2005, we are one of the main international donors providing climate financing.