AFD Group at COP29

AFD Group, which aims to be a pro-nature public development bank, is taking part in COP29 to promote its Climate/Nature approach and to continue converging its financing towards Nature-based solutions. AFD Group will be reaffirming its resolutely " by your side " approach, which is illustrated by sustainable support for its partners at several levels, so that they can define their own sustainable development trajectories. Lastly, COP 29 is an opportunity for the Group to implement its advocacy actions, both with the private sector and with other public development banks via Fics and IDFC, to accelerate fair transitions in order to achieve the SDGs. 

On the eve of the 10th anniversary of the Paris Agreement and COP30, COP29 presents some major challenges: 

• New Climate Financing Target (NCQG) 

This new agreement, to be agreed before 2025, must set a new climate finance target for countries. The precedent set at COP15 in 2009, which committed developed countries to providing $100 billion a year by 2020 - in order to take account of the needs of developing countries in terms of mitigating and adapting to climate change - was reached in 2022. France reached this target in 2021. 

• Carbon market

Another priority for COP29 is to finalise the rules for the framework established by Article 6 of the Paris Agreement, which provides a framework for voluntary cooperation between the Parties on the issue of the carbon market. The aim of these rules, which may take various forms, is to guarantee environmental integrity. 

• Losses and damage 

COP28 saw the creation of a new fund to deal with loss and damage. Numerous financial mechanisms have been put in place to support the countries most vulnerable to climate change. At COP29, the Board of Directors of this fund will be able to present the progress made since its creation. 

• Mitigating climate change

The Paris Agreement operates on a cycle of publication of countries' climate targets. The first, which began after the agreement was published, sets targets for countries up to 2030.COP29 will have to mobilise countries again to adopt new nationally determined contributions in the run-up to COP30. For France and the European Union, it is a question of continuing to mobilise countries to implement the ecological transition by making up the shortfall in ambition and implementation. France's challenge is to get the Member States to converge towards its level of ambition in order to achieve the objectives of the Paris Agreement.

Come and attend the conferences and meet the experts from AFD Group, who will be speaking at the IDFC pavilion (Zone bleue - Stadium Rez de chaussez - Num 21 - Office: F14.1 - F14.2) as well as in other areas of the blue zone.

• Tuesday 12.11 World leaders climate action summit

08:00 - 09:30 Triple renewable energy - unlocking energy storage in emerging markets (Goals House)
Speaker: Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

09:00 - 10:15 Climate Action and Social Inclusion: Two Sides of the Same Coin (MDBs Pavilion)
Speaker : Mathilde Bord Laurans, Head, Climate and Nature Division, AFD
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11:30 - 13:00 Beyond Quantum: The role of the MDBs in changing the paradigms of climate finance (MDBs Pavilion)
Speaker: Mathilde Bord Laurans, Head, Climate and Nature Division, AFD

17:00 - 18:30 Living up to Paris alignment commitments - towards higher collective ambition (MDBs Pavilion)
Speaker: Damien Delhomme, Head of Impact Commercial Partnership, AFD
Moderator: Atika ben Maid, Deputy Head, Climate and Nature Division, AFD
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15:30 - 16:30 CTA (Coal Transition Accelerator) (UNfCC Pavilion)
Speaker : Rémy Rioux, Chief Executive Officer, AFD

18:30 - 20:00 The Blended Finance schemes that can make a difference (Side event room 8)
Speaker: Rémy Rioux, Chief Executive Officer, AFD Rémy Rioux, Chief Executive Officer, AFD
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• Wednesday 13.11 World Leaders Summit on Climate Action

09:00 - 10:30  Leveraging the power of global brands in supply chains to accelerate economic transformation (IDFC Pavilion)
Speaker: Mathilde Bord Laurans, Head, Climate and Nature Division, AFD
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10:00 - 11:00 Implementing sustainable industrial value chains: Developing projects for a just transition (South Africa Pavilion)
Speaker: Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

13:30 - 15:00 Measuring climate results: Common indicators (MDBs Pavilion)
Speaker: Mathilde Bord Laurans, Head, Climate and Nature Division, AFD
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16:30 - 17:30 Global Center on Adaptation (GCA) COP29 Leaders Event: Global Champions for Local Adaptation (Resilience Hub)
Speaker: Rémy Rioux, Chief Executive Officer, AFD
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• Thursday 14.11 Finance, investment and trade

10:00 - 11:30 Presentation of the Ivory Coast portfolio of green projects (Ivory Coast Pavilion)
Speaker : Mathilde Bord Laurans, Head, Climate and Nature Division, AFD

11:00 - 11:20 Next-Gen Climate Finance Enabling system change for climate and sustainability (IDFC Pavilion)
Speaker: Rémy Rioux, Chief Executive Officer, AFD
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11:30 - 12:00 Insights from the 2024 ocean dialogue to drive climate ambition and finance (IDFC Pavilion)
Speaker: Rémy Rioux, Chief Executive Officer, AFD Rémy Rioux, Chief Executive Officer, AFD

13:00 - 14:00 The role of public development banks in supporting the fight against climate change (Pavillon IDFC)
Speaker: Mathilde Bord Laurans, Head, Climate and Nature Division, AFD
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14:30 - 16:00 Designing alternative development paths via financial systems (IDFC Pavilion)
Speaker: Rémy Rioux, Chief Executive Officer, AFD
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16:30 - 17:30 Green economic recovery after the earthquake in Turkey - an IDFC partnership (AFD x CDP x TSKB )
Speaker: Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

16:00 - 17:30 High-level round table "Integrating climate action into development financing".
Speaker: Rémy Rioux, Chief Executive Officer, AFD
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18:30 - 20:00 Rowing in the same direction: how national platforms can promote policy coherence (UNFCCC Pavilion)
Speaker: Rémy Rioux, Chief Executive Officer, AFD Rémy Rioux, Chief Executive Officer, AFD

• Friday 15.11 Energy, peace, relief and recovery

09:30 - 11:00 Closing the financing gap to meet the urgent challenges of climate change adaptation" (EIB Benelux Pavilion)
Speaker: Mathilde Bord Laurans, Head, Climate and Nature Division, AFD
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11:00 - 12:30 Strenghtening resilience: how BPAs and insurers can better combine expertise and tools to bridge the protection gap (IDFC Pavilion)
Speaker: Mathilde Bord Laurans, Head, Climate and Nature Division, AFD
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12:00 - 13:00 Finance for integrating climate and nature actions: driver to accelerate achieving net zero nature positive goals through policy coherence (Faith Pavilion)
Speaker : Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

16:30 - 17:00 Financing the just transition: Accelerating carbon neutrality in Asia (IDFC Pavilion)
Speaker: Hervé Breton, Coordinator, Trajectoires, AFD

• Saturday 16.11 Science, technology and innovation / digitalization

10:00 - 11:00 Nature Solutions Finance Hub: Catalyzing finance and developing nature-positive and mainstreaming projects (OPEC Fund Pavilion)
Speaker : Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

11:30 - 12:30 Investing in Adaptation at Scale: A Systematic Approach to Building Resilience in Cities (MDBs Pavilion)
Speaker : Catherine Simonet, Coordinator, Adaptation, AFD
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12:30 - 13:30 From Long-Term Strategies to financing strategies and implementation (using modeling of transition risks) (NDC Partnership)
Speaker: Hervé Breton, Coordinator, Trajectoires, AFD
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18:30 - 20:00 Innovative financing to strengthen adaptation to climate change
Speaker: Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

• Monday 18.11 Human capital / Children & Youth / Health / Education

16:00 - 18:00 Nature-Positive Infrastructure for Climate Change Resilience (IDFC Pavilion)
Speaker: Catherine Simonet, Coordinator, Adaptation, AFD
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• Tuesday 19.11 Food, agriculture and water

10:30 - 12:00 Initiative for the promotion of green water and rain-fed agriculture in Tunisia
Speaker: Karim Selouane, Head, Adapt'Action Programme, AFD

15:00 - 16:00 Innovative solutions for a water sector resilient to climate change (Morocco Pavilion)
Speaker: Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

• Wednesday 20.11 Urbanisation / Transport / Tourism

10:00 - 11:00 Long-term strategies Senegal Morocco Nigeria (Senegal Pavilion)
Speaker : Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

16:00 - 17:00 Maximising PDB's climate impact through financial Intermediation (IDFC Pavilion)
Speaker: Atika ben Maid, Deputy Head, Climate and Nature Division, AFD
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• Thursday 21.11 Nature & biodiversity / Indigenous People / Gender Equality / Ocean & Coastal Zones

09:00 - 10:00 Partnerships an opportunity to discuss ADB's approach to nature-based solutions and climate change (OPEC Fund Pavilion)
Speaker : Atika ben Maid, Deputy Head, Climate and Nature Division, AFD

15:30 - 17:00 Scaling Nature-positive and Mainstreaming Investments in Asia and the Pacific: New ADB Environment Action Plan (MDBs Pavilion)
Speaker : Atika ben Maid, Deputy Head, Climate and Nature Division, AFD
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EN

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