AFRICA, 29 June 2021: FSD Africa has launched a first-of-its kind climate finance training programme, designed to expand access to funding for climate mitigation and adaptation on the continent.
Developed collaboratively with the National Treasury and Planning – Kenya, the training will be delivered through a coalition of global partners, including the University of Cambridge Institute for Sustainability Leadership (CISL), the International Institute for Environment and Development (IIED), and the Eastern and Southern Africa Management Institute (ESAMI).
The training is focused on giving regional policymakers, regulators, academia, business leaders and financial market professions with the knowledge needed to access climate finance from global sources and fast-track capital mobilisation for projects across Africa.
The training programme will target 100 trainees annually with the first cohort of 50 joining in August. A subsequent class will be held in September. Through a combination of knowledge building and targeted investment, FSD Africa aims to help firms, regulators, and government ministries in Africa and beyond to better identify, understand, manage, and monitor key climate and environmental risks and opportunities.
Climate change affects all sectors of the economy and threatens the delivery of the Sustainable Development Goals (SDGs). Although Africa is the continent the least responsible for global greenhouse gas emissions, it is most vulnerable to negative impacts of climate change due to its high exposure and low capacity to adapt to climate change. Evidence indicates that the poor and marginalised are more impacted by climate change.
As African countries grapple with the worst impacts of climate change, financing raised and invested in projects addressing climate change and supporting environmental sustainability will continue to be critical.
Enrolment is open. To learn more visit https://esami-africa.org/
Jane Marriott, British High Commissioner to Kenya, said: “The UK has a strong track record of working with Kenya as it leads on climate issues in the region, including on green finance. This training will support countries like Kenya to receive funding for projects tackling climate change.”
Julius Muia, PhD, CBS, Principal Secretary, The National Treasury, Kenya said: “This innovative training programme has been long overdue for Africa. If we continue to pollute the air, water and soil that keep our ecosystems alive, and destroy the biodiversity that feeds us, no amount of money will save us. We have a choice now to build the capacity of African governments and financial institutions to make the continent greener, more climate-resilient, and a better place for all.”
Mark Napier, CEO of FSD Africa, said: “This is an exciting opportunity to partner with decision-makers in financial markets from the public and private sectors. Committing to raising awareness for the development of appropriate policies and financial products is crucial if we are to reduce the cost and impact of climate change in the region.”
Evans Osano, Director of Capital Markets at FSD Africa, said: “African markets face huge risks as a result of climate change. We hope this ambitious training programme will help decision-makers to develop strong policies that will counter the negative effects of climate change on the continent.”
Lindsay Hooper, Executive Director, CISL said: “There is an urgent need for leadership and collaboration to create the policies, strategies and products needed to finance the transition to a zero carbon, climate-resilient economy. We are delighted to work with FSD Africa and partner organisations to equip senior decision-makers with the necessary insight and capability to work at both regional and institutional levels to manage climate risk and to ensure capital is directed towards sustainable economic development.”
Marek Soanes, Researcher, Climate Change, International Institute for Environment and Development (IIED) said: “This collaborative programme is designed to unlock ideas for mobilising private sector climate finance resources at scale in those areas hugely underserved by adaptation finance – especially helpful for those working in local enterprises and the most vulnerable populations.”
Professor Bonard Mwape, ESAMI Director General, said: ‘History shows that without capacity, nothing gets done. Given the serious skills deficiency in Africa, ESAMI welcomes the initiative to build capacity to access and develop climate finance interventions. Our hope is that the project will give the continent the competencies it requires to make informed decisions on climate change.”