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Following a €2m grant to the Africa Climate Change Fund in 2016, the Government of Flanders has this year committed a further €1m to support five projects in three African countries – Malawi, Mozambique and South Africa.
In Malawi, the project will contribute to the “demonstration of an innovative results-based finance model for adaptation to climate change”. It will be implemented by the Climate Change and Green Growth Department of the African Development Bank.
In Mozambique, the grant will support two projects on “unlocking blended finance and youth/women entrepreneurs for resilient blue-green (or coastal) growth in Mozambique” and promoting “syntrophic agriculture as a strategy to foster resilience, climate adaptation and recovery of vulnerable communities living in degraded marine and coastal ecosystems in Zambezia”. These projects will be implemented by the World Wide Fund for Nature and the Institute of International Economic Cooperation.
In South Africa, the projects seek to support ecosystem-based adaptation and financing for livestock farmers within South Africa’s threatened grasslands as well as innovative access modality for the Green Climate Fund; they will be executed by the Birdlife South Africa and South South North.
The new contribution by the Flanders government brings the total contribution to the ACCF to €11.4m, enabling its conversion to a multi-donor trust fund in early 2017. Since then, the ACCF has supported African countries in their process to transition towards climate resilient and low-carbon development through a portfolio of eight on-going projects.Source: Bizcommunity
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