For the second year running, AFD is publishing its outlook for Africa. Despite Covid-19 and the global economic crisis, some indicators look very robust indeed. In short, there are plenty of reasons for optimism in 2021.
AFD’s “Shared Innovation” series highlights innovative programs created or developed in our partner countries.
The transportation sector accounts for 25% of global greenhouse gas emissions, yet receives a mere 3% of climate financing – a gap that will have increasingly grave consequences for developing countries. To generate comprehensive, sustainable solutions, the MobiliseYourCity initiative aims to support policy development and facilitate access to increased financing. AFD is a principal partner in backing urban planning bodies develop sustainable urban mobility policies.
It’s a small book aiming to address a big issue, with global repercussions. In partnership with AFD, the NGO Global Canopy has released a new edition of The Little Book of Investing in Nature. It highlights the lack of funds dedicated to biodiversity conservation and takes stock of the financial tools available to reverse the trend. Released this week, the guide urges greener investment, and is aimed at stakeholders who will be financing the future Global Biodiversity Framework.
In a bold move, AFD will double its financing for ecosystem protection. It was announced at the One Planet Summit in Paris on January 11: €1 billion a year will be mobilized to finance biodiversity. Gilles Kleitz, AFD's Director of the Ecological Transition and Natural Resources Department, explains.
Turkey and France have teamed up in a large-scale collaborative effort to address the issue of forest adaptation to climate change. The initiative was launched using a public policy loan and a grant from AFD, and is aimed at reversing the damage done to Turkey's forests, which cover nearly 30% of the country's land area and are home to a vast wealth of biodiversity.