AFD has been a partner of India since 2008 and is working with the Indian authorities to promote green and on 26 June 2019 / earlier this week, the Green Climate Fund and the French Development Agency (AFD) signed the agreement that will launch the implementation of the “Transforming Financial Systems for Climate” programme. The programme, which targets 17 countries in Africa, Latin America and the Caribbean, aims to strengthen local financial institutions in the region and encourage private sector investment in renewable energy, energy efficiency and climate resilience projects. 12 Nov 2017 / A key agreement signed today will help AFD achieve its goal of making 100% of its financing compatible with the Paris Agreement. 03 Dec 2019 / The Green Climate Fund (GCF) today signed a financing agreement with the French Development Agency (AFD) to finance the Water Banking and Adaptation of Agriculture to Climate Change project in the northern Gaza Strip. To go further in co-building on climate issues with its partner countries, AFD is setting up the “2050 Facility”, dedicated to the development of long-term low-carbon and resilient development strategies, which COP21 requested of all countries by 2020. The second part, led by CPI, identifies the changes made by the Paris Agreement to the role of development finance institutions (DFIs), in particular IDFC members, and how they can implement these changes through a series of targeted activities. For AFD, the conclusions are clear: sustainable development and the fight against poverty cannot be discouraged from the fight against global warming and the protection of the environment and biodiversity. The role of our central banks is essential to reduce the uncertainty related to the ecological transition and encourage the private sector to also commit to climate neutrality and ecosystem restoration. With annual commitments of nearly $800 billion, of which 20% ($158 billion in 2016) is covered by climate, IDFC is the world`s largest public donor for climate. In 2012, AFD committed to ensuring that 50% of its annual financing abroad would be for projects with a climate advantage. This objective has been renewed and extended to the entire AFD Group. Droughts, floods, sea level rise, cyclones, etc. Global warming is increasingly being felt on our planet.
Its effects are very visible in developing countries, which are also the most vulnerable. Global warming therefore has serious consequences for humans and the environment. In this second article in a series on the links between Covid-19 and the environment, economist Étienne Espagne studies the covid-19 and climate crises to see what unites them and what differentiates them. Can the pandemic accelerate climate change? The challenges of climate change cannot be met without transforming the development model of our economies. To do this, we need to find solutions to finance this transformation process and, more generally, to help countries and local authorities develop and implement new public policies. In addition, since 2015, AFD has been accredited by the Green Climate Fund and has obtained authorization for two first adaptation projects, in the fight against floods in cities in Senegal and in agriculture in Morocco. AFD participates in many initiatives aimed at better integrating climate into the strategies and operations of financial institutions, in particular the “Mainstreaming Climate Action” initiative in financial institutions and the integration of climate risks, as well as in the Task Force on Climate Related Disclosure. . .