Friday, March 8, 2013

Climate change fund for Africa becomes operational In 2013

Edmund Smith-Asante in SpyGhana: The fourth meeting of the Board of Programme Directors of the Climate for Development in Africa Initiative (Clim-Dev) has been held in the Tunisian capital Tunis. Hosted by the African Development Bank (AfDB), on March 6 and 7, 2013,  the high-level meeting marked a turning point in Africa’s fight against climate change, particularly in Africa itself.

As a result of the meeting, the Clim-Dev Special Fund (CDSF) – an ad hoc investment fund set aside to finance climate change activities in Africa, becomes operational this year. According to AfDB, in addition to the Fund, resources and the possibility of disseminating robust and viable statistical data on climate and its evolution in Africa, CDSF will finance concrete operations on the ground.

Meanwhile, 14 projects are being reviewed under the Climate for Development initiative in Africa currently....

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