vi African Development Bank — Advancing Climate Change Action and Green Growth in Africa Abbreviations and acronyms. .......................................i Glossary of key terms................................................ iii Introduction............................................................1 Climate change and development context.................1 Atmospheric warming................................................1 Greenhouse gas emissions. ........................................1 Climate change-related risks to development. ..............1 Physical risks to development.....................................1 Transition risks to development...................................3 Climate change and other priorities.............................4 The case for green growth. ........................................5 Concepts and building blocks of green growth............. 10 Green growth for sustainable development in Africa. ....................................................................... 13 Rationale for the Bank’s Strategy: Climate change and Africa..................................................... 15 Our commitment to climate action and green growth....................................................................... 18 CLIMATE CHANGE — CORE TO THE AFRICAN DEVELOPMENT BANK’S STRATEGIC FRAMEWORK............................ 21 The major socioeconomic, climate vulnerability, and green growth indicators across Africa............................................................. 22 Demography, population and GDP growth................... 22 Poverty and human development............................... 23 Health and education. .............................................. 24 Access to drinking water and improved sanitation........ 25 Climate action and greenhouse gas emissions. ........... 26 Climate change vulnerability..................................... 26 Agricultural productivity........................................... 29 Natural ecosystems and biodiversity.......................... 29 Access to energy and sustainability of the energy mix... 31 Access to infrastructure. .......................................... 33 Women’s empowerment........................................... 35 Financing and budgeting readiness.............. 37 Leveraging climate finance and mobilizing public and private sector resources for climate action and green growth. ............................ 39 Commitments under the new strategic framework:. .... 39 Resource mobilization, spending, and targets. ....... 40 Investment portfolio and pipelines. ......................... 41 Creating enabling environments for climate actions and green investments................................ 44 Commitments under the new strategic framework. ..... 44 Barriers to financing the blue economy. ................. 45 THE ROAD TO PARIS ALIGNMENT IN AFRICA............................................................ 51 Commitments under the new strategic framework. ..... 54 To give effect to its commitment to alignment with the Paris Agreement, the Bank will..................... 55 To accelerate the development of Paris-aligned investments, and investments consistent with the African Development Bank’s Climate Change and Green Growth Policy, the Bank will. ........................... 55 GREEN GROWTH IN AFRICA — CURRENT INITIATIVES AND FUTURE DEVELOPMENTS............................ 61 Introduction to the Second Climate Change Action Plan. .............................................................. 67 Introduction............................................................ 67 Vision and areas of activity under CCAP2. ................... 69 Scope of evaluation.................................................. 69 Outline of evaluation. ............................................... 69 Adaptation and climate resilient development........ 69 Introduction............................................................ 69 Adaptation and resilience across Africa. ..................... 71 Vulnerable sectors................................................... 71 Feed Africa. ............................................................ 72 Improving the quality of life of Africans....................... 73
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