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Climate Finance Accelerator South Africa Launch
Thursday, 3 June 2021 10:00 to 11:30
To RSVP for all NBI Events, please contact Nombulelo Ndaba
To RSVP for all NBI Events, please contact Nombulelo Ndaba
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The year 2021 is pivotal in the race to tackle climate change, and countries have a limited amount of time for action. Responding effectively to this global challenge involves a massive transformation in financial markets. The scale of financial and other resources needed to achieve this transformation is in the order of hundreds of billions of US dollars.
This transformation must involve a country-driven shift toward policies and technologies that catalyse new investments and mainstream climate change into existing systems, as articulated in countries’ climate commitments. South Africa requires a clear pathway to financing and implementing its climate targets as part of achieving a just transition for the country.
A key barrier to climate action is the shortage of projects able to attract the finance and investment necessary for large-scale implementation. The financing available and the capacities to absorb such resources vary across different countries, something which the National Business Initiative (NBI) and GreenCape have worked to address in South Africa over the past few years.
NBI in partnership with GreenCape have recently been appointed as the delivery partners for the Climate Finance Accelerator (CFA) in South Africa. The CFA is a technical assistance programme funded by UK International Climate Finance, globally led by PwC, in collaboration with Ricardo.
The main objective of the CFA programme is to improve the flow of climate finance in South Africa which will support the implementation of South Africa’s Nationally Determined Contribution (NDC), thereby delivering emissions reductions and raising overall climate ambition.
The CFA:
The NBI, GreenCape, the British High Commission Pretoria, the Department for Business Energy & Industrial Strategy (BEIS) and the CFA team are pleased to invite you to attend the launch of CFA South Africa to provide targeted support for expanding South Africa’s pipeline of climate projects able to attract finance.
The objectives of the launch event are threefold:
Please click here to register for this Zoom event.
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