AFRICA CLIMATE SUMMIT
Africa’s Adaptation Transformation – Doubling down through Bridgetown, AAAP and Investment Compacts
At the high-level session on adaptation of the Africa Climate Summit, leaders, development partners, and heads of international organizations will join together to present innovative programs and scalable solutions to respond to the climate crisis
Event description
The Africa Climate Summit, co-hosted by the government of Kenya and the African Union Commission, will deliver innovative green growth and climate finance solutions for Africa and the world. Climate adaptation solutions and the finance to scale them are at the heart of this approach. They build on the outcomes of the Summit for a New Global Financing Pact held with world leaders in Paris in June 2023.
The Global Center on Adaptation and the African Development Bank, in close collaboration with the COP28 Presidency, the African Union, and the Africa Adaptation Initiative, are leading the high-level session on adaptation in the afternoon of the second day of the summit. Leaders, development partners, and heads of international organizations will join together to present innovative programs and scalable solutions to respond to the climate crisis.
The Leaders Dialogue will serve as an action-forcing platform for new commitments to the adaptation agenda. Key issues will include how to most effectively scale investment in climate adaptation, with new pathways to investment presented of the most valuable solutions to unlock finance, including from the private sector.
The session will feature the launch of Climate Adaptation Country Compacts as a new country-led tool in support of the Africa Adaptation Acceleration Program (AAAP) to outline key investment priorities, financing needs, and finance mobilization strategies for implementing climate adaptation measures. These investment plans will act as an ambitious, coordinated, country-driven approach to connect the priorities outlined in National Adaptation Plans and other national strategies with investment programs and increased finance from development partners and the private sector.
The outcomes of the dialogue will contribute to the African Leaders Nairobi Declaration. They will build crucial momentum for further action on climate adaptation, and be taken forward to the UN Secretary-General’s Climate Ambition Summit in New York and the decisions on the Global Goal on Adaptation and other key issues at COP28 in Dubai.
The dialogue builds on the pathway forged at the Africa Adaptation Summit, co-convened by GCA, the Bank, and the presidencies of the African Union and Climate Vulnerable Forum, in September 2022. They also build on the follow-up COP27 Leaders’ Event, where the international community endorsed the AAAP as a transformative vehicle for scaling up adaptation on the African continent.