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The African Development Bank and the Zero Emissions Omissions Coalition, a lobby group dedicated to mobilizing the fight against climate change, met to discuss the Bank's role in clean energy production on the continent and greater transparency of its investments.
The coalition, made up of non-governmental organizations and volunteers organized as part of the "African Climate Reality" project, returned open letter at the Bank's office in Pretoria on May 24 as part of a campaign for Africa Day: A Fossil Free Future.
Maria Mulindi, Director of the Special Function Bank in the Office of the President – Engagement with Civil Society and Community Organizations in Eastern and Southern Africa, said meetings with advocacy groups were an integral part of 39, interaction of the Bank with civil society. see as key partners.
"The letter received is one of the tools for listening and interacting with the Bank to engage with civil society – as key stakeholders committed to creating an inclusive and sustainable future". said Mulindi.
The group acknowledged the Bank's commitments to combat climate change and called on the institution to continue its efforts to increase access to information for the general public and transparency on other platforms.
"The Bank Group has made significant progress in mitigating and adapting to climate change and will continue to play a leading role in accountability and transparency, as stated in the report. "Transparency Index of Aid", said Mulindi.
The Bank pursues a vigorous policy of support for clean energy portfolios in Africa. It has an internal greenhouse gas accounting tool that provides the estimated cost of avoided or avoided emissions, as well as an action plan for climate change (2016 – 2020). which provides advice on implementation of climate action in all operational areas.
The letter urged the Bank to continue its efforts towards transparency in the disclosure of potential and imminent investments and to move its portfolios to 100% renewable projects and sustainable, low-emission infrastructure and infrastructure.
"This sends a strong signal to investors and policymakers that they are acting through finance and policies to decouple the growth and development of emissions," the letter says.
Through partner engagements, publications on its website, as well as co-financiers and host governments, the Bank strives to provide information on all aspects of its projects, she said in a statement. official answer.
The response cited the Bank 's New Deal on Energy Strategy, an effort led by a partnership to achieve universal energy access in Africa by 2025 using renewable sources of energy. and the African Strategy for Climate-Smart Agriculture (2018-2025) to intensify climate change. smart activities across the continent.
At the Katowice Annual Climate Change Conference in 2018 in Poland, the Bank and other multilateral lenders committed to align their activities with the Paris Agreement's objectives of global temperature below two degrees Celsius and above 1.5 degrees Celsius.
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