Unlocking Private Sector Involvement in The Green Climate Fund Projects in South Africa: Building an Adaptation Project Pipeline
The National Business Initiative (NBI) and the South African National Biodiversity Institute (SANBI) are working together to develop a pipeline of adaptation projects for investment. The project is divided into three phases. Phase 1 is focussed on the capacity building of companies and other stakeholders: we have created several informative videos which provide more information on the topics of climate science, adaptation and finance for sharing internally with your organisations. Phase 2 is about building a community of practice of multiple stakeholders who can work together to identify and scale projects – click here to fill out our webform and join this community of practice. Phase 3, yet to start, is about project implementation. Watch the summary video to learn more.
NBI Adaptation Summary Video
Meet the challenges, act for a climate resilient South Africa
Adaptation Community of Practice
As part of Phase 2 of the project, SANBI and the NBI are establishing a Community of Practice supported by collaboration convenings to identify specific projects which can contribute towards a national pipeline of adaptation, biodiversity and ecosystem-based adaptation actions. Companies will need to collaborate with each other and with other stakeholders in order to develop projects that are of the sufficient scale required to have a meaningful impact and attract significant investment.
The collaboration convenings are scheduled to begin in early 2021.
Kindly complete the form below to participate in the SANBI-NBI Community of Practice collaboration convenings and to receive notifications of upcoming convenings.
Climate resilience requires organizations to develop adaptive capacity to respond to climate risks and impacts and to realise opportunities, including the ability to respond to transition risks and physical risks. Phase 1 focused on building the maturity of the business community to channel business expertise and identify suitable biodiversity and ecosystem-based adaptation projects in South Africa that can be implemented at scale. While companies may have existing programmes that support the goals of adaptation and biodiversity-based adaptation, they may not use this terminology internally and may therefore not be aware of other stakeholder efforts in the field.
The NBI and SANBI convened business in a series of rich capacity building sessions covering the latest information on a range of biodiversity, climate resilience, adaptation and climate finance and ecosystem-based adaptation topics.
Building the Capacity of South African Business to Adapt to a Rapidly Changing World
The NBI and SANBI hosted 4 events: one on climate change science, one on climate finance, one on adaptation finance specifically and one (hosted online because of Covid-19) on biodiversity and ecosystem-based adaptation. We recommend watching the videos in sequence, but you can jump around depending on your particular interests.
Event 1: An Update on the Latest Climate Science with Professor Bob Scholes and Professor Francois Engelbrecht
These videos provide a comprehensive update on the status of the latest climate science with two of South Africa’s leading climate scientists:
The Impacts of Climate Change:
“Hotter than ever in human experience – not just in terms of the instrumental records. The last time we had temperatures like this was somewhere around 3 million years ago.” ~Professor Bob Scholes (Systems Ecologist at the Global Change Institute- Wits)
Watch this video to see internationally renowned systems ecologist, Professor Bob Scholes, explain the latest climate science and why South Africa cannot afford the financial consequences of the impacts of climate change on our biodiversity and the broader economy.
Why Southern Africa is a Climate Change Hotspot:
“Across our region [Southern Africa]: ALL locations recorded the warmest summer on record. We need to think seriously, broadly and ambitiously about what adaptation projects we can pursue to reduce vulnerability.” ~ Professor Francois Engelbrecht (Climatologist at the Global Change Institute – Wits)
Watch this video to see the eminent Climatologist, Professor Francois Engelbrecht, provide an overview of the latest available evidence on projected climate change and gain insights into the regional impacts and implications of climate change for southern Africa.
Event 2: An Introduction to and the State of Climate Finance
“There is plenty of money, just not the right projects.” Find out how climate finance is structured and how to access it in the following series of videos. This shortage of projects is particularly acute in adaptation, and even more so when considering the need for biodiversity-based adaptation.
Adaptation Finance Overview:
“We [SANBI]: are an accredited entity of two global climate funds – the Adaptation Fund and Green Climate Fund. This means we are able to access these funds as a national entity.” ~ Dr. Mandy Barnett (Chief Director- Adaptation Policy & Resourcing at SANBI)
In this video, Dr. Mandy Barnett (SANBI), explains why SANBI can directly access grant-based funding from the Green Climate Fund (GCF) to implement local adaptation projects, and the benefits for South Africa of having a national GCF direct access entity.
Global Climate Finance Landscape and Domestic Links:
“There is a lot of money out there, but no one is able to access that money. The question is why aren’t you able to access that money?” ~ Zaheer Fakir (Chief Director-International Relations & Governance at the Department of Forestry, Fisheries and the Environment (DFFE)
Zaheer Fakir (DFFE) explains why attracting international climate funds requires transformational and game-changing local projects and why this is particularly important for the private sector, who have the advantage of being able to implement or to invest in a range of adaptation specific initiatives, often at their fingertips..
Bridging the Adaptation Finance Gap (Panel Discussion):
“That is one of my key messages: All finance is trying to find a home and to be welcome. You need to figure out how to welcome that finance.” ~ Malango Mughogho (Managing Director- ZeniZeni Sustainable Finance)
Accessing Green Climate Fund (GCF) funding, among others, for adaptation projects requires the right combination of scale, impact investment and bankability Watch this video to gain insights from our expert panel on how to ‘welcome’ climate finance and find it a home in the adaptation space. Panel includes: Malango Mughogho (ZeniZeni Sustainable Finance), Zaheer Fakir (DFFE), Rest Kanju (Indalo Inclusive & SEED South Africa) and Thaven Naidoo (PFAN).
Event 4: The Role of Biodiversity and Ecosystem-Based Finance
Innovative eco-system based initiatives not only increase biodiversity, they can often save time, money and reduce environmental impact. Find out about some of South Africa’s most innovative climate change adaptation solutions in this next series of videos.
Welcome and Recap of Events:
“Our ambition has changed over time; we have gone from thinking about a few smaller adaptation projects to really wanted to develop some big $150 million projects. Let us do this right by finding great partnerships and projects that we can at scale and invest wholesale in the country.” ~ Steve Nicholls (Head: Environmental Sustainability at the NBI)
Watch this video to bring yourself up to speed with the developments along the journey so far that have brought us to the fourth and final event in this series with the NBI’s Steve Nicholls and Reitumetse Molotsoane.
Overview of the Ecosystem-based Adaptation in SA:
“In South Africa, EbA has been identified as an important component of the country’s overall climate change adaptation response, as indicated in the National Climate Change Response Plan.” ~Barney Kgope, Department of Environment, Forestry and Fisheries (DEFF).
South Africa’s rich biodiversity coupled with its developing country status, positions Ecosystem-based Adaptation (EbA) as an ideal part of the country’s development agenda. Watch this next video to understand from Barney Kgope (DEFF) how and why South Africa is prioritizing biodiversity and ecosystem-based adaptation.
Entry Points for Mainstream Ecosystem Adaptation:
“Despite our significant progression as a country with regard to EbA, we have not really been monitoring the impacts of projects.” ~Dr Tony Knowles, The Cirrus Group
Dr Tony Knowles (Cirrus Group) explores opportunities for business to implement Ecosystem-based Adaptation (EbA) in South Africa. Watch this video to learn more about a variety of case studies where EbA is helping to enhance climate resilience, while contributing to community development and enhancing natural capital.
Economic Development that Values Nature:
“This presentation will give you an understanding of how Ecosystem-based adaptation looks on the ground, where we are working to support eco-systems, to support people and to really development sustainable, flourishing green economies.” ~ Julie Levin (Executive Director, Conservation South Africa)
Over-utilisation of rangelands is the second highest driver of habitat loss in our terrestrial ecosystems. Find out from Julie Levin how Conservation South Africa’s Ecosystem- based Adaptation (EbA) approach to livestock management using viable business models promotes regional economic development that values nature.
Private Sector Investment in Eco-Restoration:
“Thicket restoration would cost US$150 million over a 5-year period, but over 50 years, this amount is estimated to yield a 10% return on investment.” Jessica Allen (Climate Change & Environmental Consultant, C4 EcoSolutions)
Jessica Allen of C4 EcoSolutions explores the return on investment for restoration of more than a million hectares of Albany Thicket in the Eastern Cape Province of South Africa. Watch this video to understand the private sector opportunities to invest in eco-restoration at scale and need for innovative funding instruments to create jobs.
Farming for the Future:
“We developed a system to ensure continuous improvement of suppliers through the application of an independently audited system to measure and report on farmer’s performance across a variety of performance areas.” ~Feroz Koor, (Group Head of Sustainability, Woolworths)
Watch this video to hear from Woolworth’s Feroz Koor how, for the same price as conventionally farmed fresh produce, farmers can improve soil and water quality, promote water saving, enhance biodiversity and reduce energy use all while producing delicious, high-quality produce.
Marine Eco-Based Solutions:
“There should be an openness to hybrid systems, there are times when you may look at combining nature based and engineered solutions, sometimes that’s the best route to go.” ~Alex Benkenstein, South African Institute of International Affairs (SAIIA)
Marine EbA is far more than just mangrove systems, watch this video with Alex Benkenstein (SAIIA) to understand the important role marine EbA plays in building climate resilience, as well as the value of combining solutions.
Private Sector Opportunities for Adaptation (Panel Discussion):
“I am hoping that in the next decade we will start to see some fairly large-scale [adaptation] projects that do incorporate carbon credits” ~Jessica Allen (C4 EcoSolutions)
What are the key private sector opportunities for adaptation in South Africa? Watch this video to understand from our panel of experts just how immense the private sector opportunities are for adaptation. The panel includes:Tony Knowles (Cirrus); Barney Kgope (DEFF); Julia Levin (Conservation South Africa); Jessica Allen (C4 EcoSolutions); Feroz Koor (Woolworths) and Alex Benkenstein (SAIIA).
A thriving natural environment is fundamental to adaptation in every human enterprise. The natural environment is humanity’s first line of defence against floods, droughts, heat waves and hurricanes. A truly resilient business also works to protect nature and achieve resilient communities.
Business climate resilience focuses on understanding, assessing and acting – based on physical and transition climate-related risks.
Phase 2 of this SANBI-NBI partnership aims to identify specific projects that can contribute towards a national pipeline of adaptation, biodiversity and ecosystem-based adaptation actions, convening companies who have adaptation-relevant projects into a community of practice to encourage partnerships to scale up projects.
Companies need to adopt resilience strategies that include ambitious measures to adapt to climate change impacts, as well as steps to strategically transform so that they can benefit from new opportunities and address unprecedented risk.
Phase 3 will shortlist high promise projects for incubation and further development. SANBI and the NBI will provide support to companies in writing proposals for GCF funding for biodiversity and ecosystem-based adaptation projects.
We have created a series of video highlights from the live events. These are short videos with key messages, which can be used in internal comms campaigns:
Find the social media package for Event 1: An Update on the Latest Climate Science (Highlights), here.
Find the social media package for Event 2: An introduction to and the State of Climate Finance (Highlights), here.
Find the social media package for Event 3: Adaptation Finance Examples and Best Practice (Highlights), here.