Background
In 2017, The Africa Climate Resilient Investment Facility (AFRI-RES) was established with a EUR5 million grant from the Nordic Development Fund. Its main objective is to strengthen the capacity of African institutions and the private sector to effectively plan, design and implement investments in specific sectors, thereby improving their resilience to climate change. AFRI-RES is a collaborative effort between the African Union Commission (AUC), the World Bank and the United Nations Economic Commission for Africa (UNECA). This initiative is divided into four components: (i) project-level technical assistance; (ii) outreach, dissemination, and training; (iii) guidelines, standards, and good practice notes; and (iv) climate knowledge and data portal. UNECA is responsible for implementing components 2 and 4 while the WB implements components 1 and 3.
Objective
- The primary objectives of the Sixth Africa Climate Resilient Investment Summit (ACRIS VI) are to convene stakeholders from diverse sectors, including government officials, policymakers, private sector representatives, civil society organizations, researchers, universities, and development partners. The summit aims to facilitate dialogue, exchange of knowledge, and collaboration in order to collectively enhance climate resilience in Africa.
The summit aims to
- To showcase innovative approaches and best practices to enhance the development of climate resilient investments, policies and programmes, and support African countries transition towards a greener and more resilient economies.
- To identify effective policies and programmes that can be replicated and scaled up across multiple African countries to enhance adaptation and resilience efforts.
- To facilitate the exchange of knowledge, and foster partnerships and collaborations among governments, businesses, civil society, and development organizations to mobilize resources and coordinate actions in building climate resilience.
- To promote active participation from the private sector in climate-resilient initiatives, projects, and innovations through the showcase of their services.
Expected Outcomes
By the end of ACRIS VI, the following outcomes are anticipated
- Increased awareness and commitment among stakeholders to prioritize climate risks, adaptation, and resilience on decision-making.
- Identified effective policies and programmes that can be replicated and scaled up across multiple African countries to enhance resilience efforts.
- Enhanced collaboration and knowledge exchange among governments, policymakers, private sector representatives, civil society organizations, researchers, universities, and development partners to tackle common climate challenges.
- Identified opportunities for public-private partnerships and investments in climate-resilient projects and initiatives.