Browsing: Africa’s climate change mitigation strategies

• James Mwangi, Africa Climate Venture CEO and founder of Dalberge Investors says by 2030 the organization will eliminate one million tonnes of carbon per year.
• The FSD Africa investments raised $1.078 million as a convertible loan to support the venture builder’s formalisation.
• FSD Africa will grant $93,392 to support the development of premium carbon credit, marketing of portfolio and pipeline companies.

FSD Africa investments have raised $1.078 million in Africa Climate Ventures (ACV), a pioneering venture builder working at improving Africa’s climate change response and carbon ecosystem. ACV seeks to address challenges associates with rapid climate change, which are affecting small-scale farmers throughout Africa.

Africa has significantly improved its economic development over the past decade. Its digital transformation has improved multiple industries, including agriculture through agritech. With this newfound technology, many innovators have set out to represent the continent’s innovators to potential investors.

Africa Climate Ventures’ focus

They each seek …

• To transition from fossil fuels to cleaner more sustainable energy, we need innovation and new technology.
• The earth has an array of minerals that carry huge energy potential that has little to do with burning.
• The World Bank: Harnessing natural resource wealth provides an opportunity to improve fiscal and debt sustainability of African countries

The race to combat global climate change challenge is offering Africa a fresh opportunity to attract investments in the decarbonization industry as countries adopt clean energy. The known patterns are gone, we now have unpredictable weather changes and ever-so-frequent catastrophic weather events all caused by global climate change.

The effect is desertification where there was vegetation, floods where land was arid, melting glaciers from the North Pole to Kilimanjaro, famine, food insecurity, and disease, all because of the energy we used to industrialize, it is time for the energy transition.

To transition from fossil fuels to …

• Lender AfDB is looking to harness global equity funds to finance climate change mitigation in Africa.
• AfDB statistics show that only 14 percent of $29.5 billion that was invested in climate finance for Africa in 2020 was from the private sector.
• AfDB is set to hold climate change financing meeting in Sharm El Sheikh, Egypt, this May.

An increasing number of people across Africa are grappling with unpredictable but definite cycles of failed rains, flash floods or severe drought as climate change-induced weather patterns become the norm in the continent that is one of the least polluters globally.

“Africa, the continent that pollutes the planet the least, is today one of the world’s most vulnerable to climate risks,” admits the African Development Bank.

In many countries in Africa today, it is nearly impossible for farmers to practice rain-fed agriculture, which is the primary option for 99 percent of agricultural production …

African Energy Chamber  (www.EnergyChamber.org) Executive Chairman NJ Ayuk will attend the Ninth Conference on Climate Change and Development in Africa (CCDA-IX) in Cabo Verde on the 13^th – 17^th of September 2021 where he will contribute to and drive a collaborative discussion on what a just energy transition looks like for Africa.

Focused on ensuring Africa’s climate change mitigation strategies coincide with, rather than restrict, Africa’s economic development, Ayuk will bring a valuable perspective to the conference.

Organized by the Economic Commission for Africa and the Government of Cabo Verde, with partners the African Union Commission, the Economic Commission for Africa and the African Development Bank, CCDA-IX will take place under the theme ‘Towards a just transition that delivers jobs, prosperity and climate resilience in Africa: leveraging the green and blue economy.’ The conference serves as a prelude to the Conference of Parties to the United …