A thematic, bilateral trust fund with an initial contribution of 4,725 million Euros from Germany, the Africa Climate Change Fund aims to support African countries in their transition to a more climate-resilient and low-carbon mode of development. The ACCF is hosted and managed by the African Development Bank's environment and climate change division. It is implemented in collaboration with other departments of the Bank.

The ACCF specifically aims to:

• Assist African countries to access larger amounts of climate finance and use funds provided more effectively;
• Help African countries to account for climate change in the their growth strategies and policies, by means of upstream diagnostics and providing technical assistance;
• Facilitate African countries' development of investment plans and climate-resilient and low-carbon projects;
• Co-finance climate-resilient and low-carbon projects;
• Collect, consolidate, analyse and disseminate information and learnings related to climate-resilient and low-carbon development;
• Provide capacity-building in climate change and green growth for African countries and stakeholders at national and regional levels;
• Help African countries to prepare for conferences of parties to the United Nations Framework Convention on Climate Change.

Beneficiaries

The direct beneficiaries of ACCF include African governments, NGOs, research organisations and regional institutions. The Bank may also be an indirect beneficiary of the fund. The eligibility of NGOs and research organisation for ACCF funding will depend, among other things, on their credibility and their outcomes in terms of financial governance. Also, they need to be based in Africa.

Eligible areas of activity

The scope of the ACCF is sufficiently wide to permit a broad range of activities, including: preparation for accessing climate funding; integration of climate change and green growth into strategic documents and/or projects; preparation and funding of adaptation and mitigation projects; climate change-related knowledge management and information sharing; capacity building; preparation of climate change-resilient and low-carbon strategies and policies; green growth analysis work; advocacy and awareness-raising.

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