AfDB to support the GGWI with $6.5 Billion

The African Development Bank (AfDB) has pledged to assist in mobilizing up to $6.5 billion over five years, to advance the Sahel region’s Great Green Wall Initiative (GGWI).

The AfDB revealed this on Monday, January 11, 2020 during a forum hosted by French President Emmanuel Macron and His Royal Highness the Prince of Wales.

The resources will be made available through a range of programs in support of the Great Green Wall by drawing on internal as well as external sources of funding, such as the Sustainable Energy Fund for Africa (SEFA) and the Green Climate Fund (GCF), among others.

Multilateral development partners joined the Bank in pledging to fund the African-led initiative that aims to rejuvenate life in Africa’s current desert landscapes, providing food security, jobs, and a reason for millions of Africans from Senegal to Djibouti to stay in the Sahel region. The forum took place in the margins of the One Planet Summit.

Addressing the summit virtually from Abidjan, AfDB’s President Akinwumi Adesina said;

“As we rebuild from the coronavirus and its impacts on our world, we must recalibrate growth. We must prioritize growth that protects the environment and biodiversity, and we must de-prioritize growth that compromises our common goals.

 “The Great Green Wall is part of Africa’s environmental defence system—A shield against the onslaughts of desertification and degradation. The future of the Sahel region depends on the Great Green Wall. Without the Great Green Wall, the Sahel region as we know it may disappear”.

Climate change has led to extreme temperatures, fluctuating rainfall, and drought in the Sahel, a region that is home to 250 million people living in ten countries. Millions of livelihoods and hard-won development progress are threatened.

The Great Green Wall plans to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation, and plants across the Sahara and Sahel that can restore the degraded lands and help the region’s inhabitants produce adequate food create jobs, and promote peace in the region.

“The Great Green Wall is a wall worth building. A wall that brings people together, not one that pulls them apart. A wall that insulates, not one that isolates. A wall that protects our collective existence. A wall for the environment—a wall for the planet,” Adesina said.

A lack of finance has been the project’s major constraint to realizing its goal of creating 10 million jobs, sequestering 250 million tonnes of carbon, and restoring 100 million hectares of degraded land in the 11 countries of the Sahel-Sahara region.

The Bank has made the Sahel region a top priority for investment and mobilizing new sources of finance to advance Africa’s climate opportunities. One example is the African Development Bank’s Desert-to-Power program to build the largest solar zone power in the world.

The program will provide electricity to 250 million people in 11 Sahel countries and help protect the Great Green Wall. Over the next five years, Desert-to-Power aims to make available $2 billion for identified project opportunities for the Great Green Wall Initiative.

A lack of resources to adapt economies to the consequences of climate change is also one of the main constraints on the Sahel region’s development. The Global Center on Adaptation (GCA), hosted by the African Development Bank, aims to address this by mobilizing resources and brokering solutions that boost progress in adapting to climate change.

“The establishment of GCA Africa marks a critical step in our endeavor to accelerate and strengthen our efforts to address the triple challenge of biodiversity loss, land degradation, and climate change adaptation on the continent. We will develop and implement joint programs that will mobilize resources at scale to support the Great Green Wall,” said Kevin Kariuki, Bank Vice-President President, Power, Energy, Climate, and Green Growth.

Another Bank initiative key to transforming the Sahel into a land of opportunities and inclusive green growth is Technologies for African Transformation (TAAT). The initiative aims to raise food output in Africa by 100 million tonnes and lift 40 million people out of poverty by 2025 by harnessing high-impact, proven technologies to raise productivity, mitigate risks and promote diversification and processing. TAAT, for example, has provided Sudanese farmers access to heat-tolerant maize.

In a major announcement, President Macron named President Adesina a Great Green Wall Champion. Adesina was recognized for his commitment to addressing climate change in Africa. The position will see the Bank President play a significant role in mobilizing political and economic support for the Initiative.

Pledges from others during the meeting included EUR 1 billion of new financial and technical support to back sustainable agriculture, clean energy, water, infrastructure, and private sector financing in 11 Sahel countries from the European Investment Bank and EUR 600 million from the Agence française de dévelopment (AFD).