57 making; and product and service delivery, user feedback mechanisms, and systematic documentation of socioeconomic benefits (in line with prevailing World Meteorological Organization standards, guidelines, and practices, and the Global Framework for Climate Services, wherever applicable). • Disaster Risk Reduction and Management: investments in disaster management, such as towards data collection and knowledge management, early warning systems, decision-making for disaster prevention and response, and nature-based solutions for human and ecosystem safety and security. This could include investments in African countries’ capacity to downscale and interpret climate data from satellite systems and advanced climate services in order to translate such data into community-based operations. Investments in disaster risk reduction and disaster risk management and climate services and monitoring should consider indigenous knowledge and practices. Investments will be determined and designed with a view to strengthening the linkage between financing for disaster risk management and delivery of that response so as to ensure that the benefits of such investments reach those who need it most efficiently and effectively. An example is the early warning system linked to shock-responsive social protections. c. Practice policy-based lending and prioritize climate change mitigation investments in carbon-intensive, high greenhouse gas emitting sectors that are identified by African countries as high priority sectors within which abatement and sequestration of greenhouse gases are crucial. The specific priority sectors may evolve based on African countries’ emissions profiles. They will however reflect economic sectors where current and projected emissions are measurably higher than others, as per the latest available greenhouse gas inventories conducted using IPCC-prescribed methodologies. The priority sectors will also be consistent with the UNFCCC’s periodic global stock take reviews. d. Develop or update sectoral guidance on climate change mitigation project types to be prioritized in the investment pipeline. As with adaptation, the mitigation sectoral guidance will reflect the IPCC definition of mitigation, the MDBs’ joint framework for alignment with the Paris Agreement, and the MDBs’ Common Principles for Climate Change Mitigation Finance Tracking. Attention will be given to avoiding stranded assets, particularly in light of evolving global commitments to reduce and stop financing to certain types of carbon-intensive activities that would prolong fossil fuel lockin. Sectoral guidance will reflect the African Development Bank’s Just Transition principles and the UN Agenda 2030’s SDGs, and provide direction on maximizing adaptation co-benefits where mitigation and adaptation are closely linked. It could include illustrations of potential (nonexhaustive) mitigation projects, such as: • Agriculture, forestry, and other land use: investments in more efficient land use, agricultural practices, and technologies that reduce carbon intensity and sequester greater amounts of greenhouse gases, and land-use approaches that reduce deforestation and degradation, including sustainable biomass collection and charcoal production. This is especially crucial given that greenhouse gas emissions from agriculture, forestry, and land use represent the largest historical share of Africa’s emissions, and are expected to continue being a significant source of emissions. The Bank’s internal activities have a significant impact on the climate. To reduce and ultimately remove these impacts, the Bank, in line with Building Block Six of the MDBs’ joint framework for alignment with the Paris Agreement, will take steps to reduce its greenhouse gas emissions footprint from energy consumption, office space, and travel to net-zero; ensure that funds held in trust (African Development Bank pension funds and other funds) are invested in Parisaligned funds, and work to source goods and services from Paris-aligned suppliers where possible. The road to Paris alignment In Africa
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