IIED and partners are co-running a two-part training programme on green and sustainable finance focusing on sub-Saharan Africa.
A woman works at a community tree nursery in Mandjou, East Cameroon - (Photo: Emily Pinna/CIFOR, CC BY-NC-ND 2.0)
The public climate finance will help grow the knowledge and capabilities of leaders to support the transition to a low-carbon and climate-resilient economy. The world faces a triple and interconnected crisis: the climate emergency, rapid biodiversity destruction and entrenched poverty. The next ten years are crucial to prepare, adapt and transform our societies, economies and ecosystems. The public sector alone cannot finance solutions to this triple crisis. Globally, US$10 trillion of investment is needed to achieve the Sustainable Development Goals, and annual adaptation costs in developing countries are estimated at $70 billion. This figure is expected to reach $140-300 billion in 2030 and $280-500 billion in 2050.
The private sector has a defining role in both mitigating the potential damages brought by a carbon-intensive, ‘business-as-usual’ global economy and finding new, innovative and catalytic approaches for adapting to a changed climate. IIED, FSD Africa (FSDA), Cambridge Institute for Sustainable Leaderships (CISL) and East and Southern African Management Institute have joined forces for a five-year project to provide a better understanding of how it’s possible to shift from business-as-usual to 'business-unusual' investments that can utilise public climate finance to tackle the biggest challenge of our time.
What is IIED doing?
The first element of the project is the Climate Finance in Africa training programme, which will build the knowledge and capabilities of leaders in policy, government and financial institutions within and outside sub-Saharan Africa, to support their transition to a low-carbon and climate-resilient economy. The course is split in two parts. The first element, led by CISL, took place in August, 2021. The second part will be led by IIED from 20-24 September, 2021, with three sessions per day, combining sessions from IIED and guest speakers and practical activities. IIED’s GCF Accreditation course will focus on the role of public climate finance in helping overcome the barriers to private sector engagement and investment in climate change, especially adaptation.
The programme will introduce delegates to the major concepts in public climate finance, and present the challenge of attracting private investment, especially for adaptation, within the African context. It will also provide an overview of the landscape of public and private climate financing opportunities to support the African private sector climate action today. Lastly, the course will walk participants through the steps to take when developing bankable climate finance proposal, including:
• Alignment with country climate objectives
• Conducting a market analysis
• Developing a climate rationale for an investment, and
• Developing a theory of change.
Each component of the course is supported by specialist guest speakers with practical experience of completing each step of the application process.
After the course, delegates will:
• Better understand the opportunities public climate finance plays in addressing the barriers to private sector investment and enabling projects in climate change
• Understand how to navigate different opportunities for international public sector climate finance
• Progress or develop new ideas for climate mitigation and adaptation investments and/or enabling environment projects
• Advance knowledge on what is required for ‘bankable’ investments for international climate finance versus ‘business as usual’ investments
• Understand what new policies, procedures, skills and personal may be required to 'navigate complexity and systems thinking' – in order to practically deliver and manage these climate finance investments, and
• Identify new partnerships opportunities for unlocking climate finance.
The triple crisis: why we need to transform business and finance | Barriers and financing solutions: Why regulators, financial institutions and business need to consider climate-positive regulation, investments and products; and barriers to investments and the role that climate finance can play in overcoming them.
Pathways to access | Bankable climate finance (part 1): The motivation for why and how to access climate finance, partnership opportunities and key national stakeholders; and key country and market climate investment priorities and how to assess them.
Bankable climate finance (parts 2 and 3): Development of scientific justification for investment case; combining justifications together into a logical theory of change – explaining needs to investment impact.
Institutional change (parts 1 and 2): How institutions may need to change and strengthen their investment cases via active management of climate investment; and assessments and management of environmental and social risks.
Institutional change (part 3) | Climate finance pitches: How to address and integrate socially transformative elements into investment cases and organisations; and make a final pitch on a climate finance investment case.
Fees for the practical module on the Africa Climate Finance 2: Unlocking public climate finance for sustainable business transformation are USD1,000 per person and cover access to all seminar materials. All modules will be conducted online.
The Admission team is available to answer any queries you might have, so please do let us know how we can help you on mobile +255 762 928 728 or email: firstname.lastname@example.org
• Click here to Register for the course
Overview of the Climate Finance Training Programme
The world faces a triple and interconnected crisis: a climate emergency, rapid biodiversity destruction and entrenched poverty. The next ten years are crucial to prepare, adapt and transform our societies, economies and ecosystems. The financial sector plays a defining role in both mitigating the potential damages brought by a carbon-intensive, ‘business as usual’ global economy, as well as in finding new, innovative and catalytic approaches for adapting to a changed climate. The economic models show the cost of meeting the Paris agreement will be far less than the cost of damages incurred as we move beyond 2°C. Businesses must engage now, to operate effectively in the future.
The aim of the programme is to build the knowledge and capabilities of leaders in policy, government and financial institutions in sub-Saharan Africa, to support a climate-resilient economy. It will equip national and local leaders with the knowledge and capabilities required to redirect capital flows in such a way as to mitigate the economic, social and environmental impact of a changing climate. Decision makers will gain an understanding of prospects and processes for unlocking private sector capital through international climate funds, focussing on the opportunities public climate finance can provide in reducing the barriers for mobilizing private climate finance for action on climate change.
Who should attend?
This programme is designed for regional policymakers, regulators, academia, industry and financial market participants, to create a new class of African leadership and financial capability, by providing knowledge about climate finance, and technical training to support specific climate projects in which they may be involved. National and sub-national decision makers will also benefit.
Who delivers the programme?
This is a partnership between FSD Africa, the University of Cambridge Institute for Sustainability Leadership (CISL), the Eastern & Southern African Management Institute (ESAMI) and the International Institute for Environment and Development (IIED). The programme will be delivered by small teams of expert trainers and facilitators, all of whom will have deep experience of working with senior leaders from business, the finance sector and government.
Plenary sessions will expose delegates to cutting-edge thinking and practice from Faculty and Guest Contributors. Delegates will also spend valuable time in small group discussions to deepen their understanding of what is required and how they can use their roles and spheres of influence to effect change. Expert guest speakers will add value to sessions, with an additional specialist deep-dive into the opportunities and processes for unlocking private sector capital through international climate funds, such as the Green Climate Fund (GCF) – the world’s largest international public fund. Each delegate is allocated to a Syndicate Group for the duration of the programme. This group is facilitated by a Faculty member and is where focused reflection on ideas that emerge in the workshops can take place. Finally, a post-programme check-in will provide delegates an opportunity to regroup and share outcomes and progress since the end of the programme. Certificates of completion are awarded based on a combination of delegates’ attendance, participation and project submissions.
An additional optional workshop delivered by IIED will focus on what is required to access GCF funding.
1. Preparatory work
2. The virtual sessions take place over 5 days in total:
• 2.5 days for all delegates
• 2 days in groups split across disciplines
• Half a day for the post-programme check-in
• Project submission
3. Specific 5-day practical module on Green Climate Fund (GCF) Accreditation (optional)
The programme includes a focus on the following issues:
The global context
Learn about our changing context: system conditions and trends in the regional, national and global context, and the economic and social implications of these changes.
Develop a common understanding and narrative around the implications on policy, regulation and financial products and services, to achieve a climate resilient economy.
Understand how international public climate finance can be used to address the barriers facing private sector investment in climate change, and how to access it.
Innovative thinking for adapting to climate change
Discover how private financial flows can be engaged by the public sector to help governments adapt and deliver national plans to tackle climate change.
Regenerating our thinking for the Africa we want
Develop your skills for innovation and working with others; influencing and leading change; sharing personal learning and committing to action.
Africa Climate Finance Training Course 2: Unlocking public climate finance for sustainable business transformation
This is a standalone 5-day training to provide participants with an understanding of the opportunities and processes for unlocking private sector capital through international climate funds, such the world’s largest international public fund – the Green Climate Fund (GCF). It is relevant for both public and private sector actors seeking to increase the flow and allocation of private capital towards climate resilient action.
Participants will be taken through the key steps needed to develop bankable funding proposals for the main climate funds, and the avenues and processes through which bankable funding proposals are financed. The training will cover the main policies, procedures and tools that interested public and private sector actors will require to access these climate funds. This will include special sessions covering gender, Environmental and Social Safeguards, as well as accreditation fiduciary criteria.
1. Africa Climate Finance will run from 18 – 22 October, 2021
2. Africa Climate Finance 2: Unlocking public climate finance for sustainable business transformation will run in December, 2021.
Fees for the online Climate Finance Training Programme are 1 000 USD per person and cover access to all seminar materials. Fees for the optional practical module on Africa Climate Finance 2: Unlocking public climate finance for sustainable business transformation optional practical module are 1 000 USD per person and cover access to all seminar materials.
To apply for the programme, please complete the online application form here.