Unlocking Private Sector Involvement in the Green Climate Fund Projects in South Africa”
The National Business Initiative (NBI) and the South African National Biodiversity Institute (SANBI) have the pleasure of inviting you to attend a series of events towards building a pipeline of adaptation and biodiversity-based adaptation projects to alleviate the acute shortage of adaption projects locally; and to attract up to US$50 million from the Green Climate Fund (GCF).
The NBI and SANBI have launched this 3 phase project designed to help identify areas of vulnerability, sectors where our member companies are working on adaptation projects already and where, through collaboration, we can scale up these projects to enhance impact and to attract climate finance. Phase 1 grounds us all in the latest information on the climate science, adaptation and finance. Phase 2 will look at specific project identification. Phase 3 will shortlist to a few high potential projects with which we can approach the GCF.
Event 1 of the project took place on 21st November 2019 led by Prof Bob Scholes and Prof Francois Engelbrecht of the Wits Global Change and focused on the latest climate science, scenarios, and impacts. Event 2, on climate and adaptation finance took place on the 12th February 2020 featured Zaheer Fakir, Chief Director for International Governance and Resource Mobilization at the Department of Environment, Forestry and Fisheries and also included a panel discussion the sources of finance for adaptation measures. Event 3 took place on 3rd March 2020 and featured the individual climate adaption and resilience journeys of some of the country’s most important companies, told from their own perspective, including Eskom and Transnet.