Climate Finance Resources Relating to Africa

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0) Short (7.5-min.) Introductory Video Presentation by ClimateSAN:

1) Online Platforms Listing a Range of Climate Finance Options:

There are many financial incentives and support programs available to help you make your project more attractive to investors.  To learn about these incentives, visit the following online platforms:
b) RECP Financial Catalyst – The Finance Catalyst links renewable energy projects to finance opportunities and vice versa, targeting small- and medium-scale renewable energy (RE) projects in Sub-Saharan Africa.
c) After registering on IRENA’s Project Navigator, a user can explore funding options on their Financial Navigator
d) Africa Development Bank: Loans and Grants Search Page
h) UNDP’s SDG Financing Solutions overview
m) GreenClimateFund: To view developing countries have designated a National Designated Authority or Focal Point, paving the way towards unlocking GCF resources for climate solutions, see: https://www.greenclimate.fund/countries .
projects – off-grid solar, small IPPs, captive installations and mini-grids.
p) Catalysing Africa’s Solar Markets – ACE TAF is a 4-year programme funded by the UK Government Foreign, Commonwealth and Development Office (FCDO). It aims to catalyse a market based approach for private sector delivery of renewable energy electrification technologies, with a focus on high quality stand-alone solar systems.
q) The Southern Africa Climate Finance Partnership (SACFP) is a multi-country, knowledge sharing and capacity enhancement platform facilitated by SouthSouthNorth since 2016.

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2) Climate Finance Support Centres

b) The Nigeria Climate Innovation Centre, Lagos, Nigeria
c) The Africa Sustainability Centre, Nairobi, Kenya and Bamako, Mali
d) The Climate Finance Knowledge Hub, Accra, Ghana
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3) Project and Business Facilitator Services for Climate Action (Includes business accelerators and incubators) 
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4) Online Platforms for Project Development and Connecting to Investors:

a) International Renewable Energy Agency’s (IRENA’s) Project Navigator: Navigator
b) IRENA’s Climate Investment Platform: IRENA for CIP
c) IRENA’s Channel on YouTube: LINK
d) Convergence Finance, which is focused on helping to increase private sector investment in developing countries.
e) Cross boundary: Open Source information for financing mini-grids – We believe this will accelerate universal access to electricity in Africa by unlocking access to the $1 trillion infrastructure capital markets that mini-grids need to scale.  For more info, listen to this podcast at the 30:05 mark.
f) Africa Climate Action Initiative (ACAI) by The Canada Africa Partnership (CAP) Network.
g) Canada Africa Partnership (CAP) Network – YouTube Channel Playlists: Includes training videos regarding grant writing and compliance.

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5) Climate finance reports and articles:
e) AfDB: Africa News Article: AfDB pledges $6.5bn to help Sahel countries fight desertification, January 12, 2021f) GCF: Green Climate Fund (GCF) Spotlight: Africa – US$2.7 billion in funding for Africa
Global Consortium of Ten Investors Including Governments, Philanthropies, and Institutional Investors Commit Initial Capital to Help Reduce Carbon Emissions in Emerging Markets
h) Climate Finance in Africa: Resources for Journalists by Dizzanne Billy, February 12, 2021
i) Climate Finance Policy Brief Climate Finance in Sub-Saharan Africa by Heinrich Boell Foundation and ODI, www.climatefundsupdate.org
j) FSD Africa to offer first-of-its-kind climate finance training, Jun 30, 2021
k) Green Bonds, which are being issued by a growing number of organizations and is a type of financing that is growing very quickly around the world.  For example, ClimateBonds.net estimates that there will be about $350bn worth of these types of financings this year.
l) IEA: Financing clean energy transitions in emerging and developing economies – Flagship report — June 2021
n) A Resource Guide to Climate Finance – An orientation to sources of funds for climate change programmes and action 2018
o) USAID, Sarona, Empea & Crystalus Report: Expanding Institutional Investment into Emerging Markets via Currency Risk Mitigation
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6. Private Sector Finance Alliances and Associations Supporting Climate Action
a) The Glasgow Financial Alliance for Net Zero (GFANZ), which includes firms with over US$70 trillion in assets under management.
b) Institutional Investors Group on Climate Change (IIGCC) which includes firms with US$54 trillion in assets under management.
c) Climate Action 100+ initiative, which includes firms with over US$35 trillion in assets under management.
d) Coalition for the International Platform for Climate Finance (IPCF), which includes firms with over US$7 trillion in
assets under management
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a) Given below are links to the different segments of this session:
00:57  Shahdab Qadri, Communications and Sustainable Finance Advisor, ClimateSAN.  Topic: “Introduction to Climate Project Finance & Facilitation Initiatives”.
06:50  Chris Clubb, Managing Director, Convergence.  Topic: Blended Finance 201, with a focus on finance solutions for climate.
22:12  Serge LeVert-Chiasson, Partner, MD Impact & CCO, Sarona Asset Management, Kitchener, ON, Canada. Topics: “Strategies to de-risk proposed investments” and “How Impact Funds can reduce the risk of investing for individual investors and large investment funds”.
36:16  Albert Boateng, West Africa Regional Coordinator, Private Financing Advisory Network (PFAN), Accra, Ghana.  Topics: “How PFAN’s advisory and investment facilitation services reduce investment risks”.
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8) Planned Initiative by ClimateSAN:

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9) Example climate smart technologies that support jobs, education and/or food security:

a) Reducing Food Waste Through Solar-Powered Cold Storage (also see: TAGE)
b) Solar-powered irrigation system, such as one by SunCulture.
c) Solar-powered micro-grid, such as one by FlexGrid.
d) Water filter system and automated dispenser (ATM), such as the one by Susteq.
e) Water from air machine, such as the one by Skywater.
f) Biodigester to generate energy from waste.
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10) Example research and training centres for climate smart technologies:
a) Centre for Climate Change at Igbinedion University in Okada.
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11) Lists that Include Impacts Funds that Invest in Climate Action in Africa
b) Good Here list of Impact Funds
c) ImpactAssets 50 – An Annual Showcase of Impact Investment Fund Managers
d) Global Impact Investor Network (GIIN)