Sub-Saharan Africa continues to suffer from a major energy deficit, with hundreds of millions of people lacking access to electricity and clean cooking fuels. There is a great need for innovative mechanisms that can help families access clean and affordable energy. The Carbon Initiative for Development (Ci-Dev) is one such mechanism.
A $125 million fund with a pipeline of 14 pilot projects in Africa, Ci-Dev will help improve living standards and sustainable energy through results-based finance. Along the way, it will generate valuable lessons in how reducing greenhouse gas emissions can generate tangible development benefits for local communities, like cleaner air, improved safety, and financial and time savings.
These lessons can help in the delivery and scale up of innovative climate finance business models.
According to the International Energy Agency (IEA), full implementation of countries’ submitted pledges for low-carbon development will require USD 13.5 trillion in investments in energy efficiency and low-carbon technologies from 2015 to 2030. That’s almost USD 1 trillion every year. This means all hands need to be on the deck if the global community is to address one of the biggest development challenges of our times.
We’re about 16 months away from the 2015 UN climate meeting in Paris, intended to reach an ambitious global agreement on climate change. Now, more than ever, there is a need for innovation to scale up climate action.
The Bank’s Carbon Partnership Facility (CPF) is helping blaze that trail.
The role of the CPF is to innovate in scaling up carbon crediting programs that promote sustainable, low-carbon economic growth in developing countries. In its first set of programs, the CPF moved past the project-by-project approach to larger scale through the Clean Development Mechanism’s Programme of Activities, catalyzing investment in methane capture from landfills, small-scale renewable energy, and energy efficiency.
When Jane Goodall spoke Tuesday at the World Bank, she said she had recently begun to understand the exciting potential value of REDD – reducing emissions from deforestation and forest degradation. For decades, Dr. Goodall and others have been fighting for the conservation of forests to preserve and protect animal habitat– in the case of Dr. Goodall, that of chimpanzees in Tanzania. And now, many people like Jane Goodall are making the connection between this battle and the fight against climate change.
By granting greater value to trees that are alive and standing rather than cut down, and making payments to reduce emissions by preserving forests, not only does the climate benefit but biodiversity is also protected, including species that are under the threat of extinction.
In her talk to staff, Dr. Goodall spoke about her shock when she discovered the extent of deforestation surrounding the national park in Tanzania in which her famous study of chimpanzees has taken place over the past 50 years.“It was in early 1990 that I flew over the Gombe National Park – it’s tiny, it’s only 30 square miles, but we flew over all the land around it and it was absolutely horrifying to me to see that, yes, I knew there was deforestation outside the park but I had not realized it was total deforestation“, said Dr. Goodall .
REDD provides a new opportunity to scale up initiatives like those of Jane Goodall to the national level, raises the profile of conservation work, and potentially creates new sources of funding for forest protection. But REDD also has a lot to gain from Dr. Goodall’s experience and wisdom. She is arguably the greatest ambassador for wildlife and forest conversation in the world today. Now she squeezes the annual UN conferences into her astounding, 300-day-a-year travel schedule. Anywhere she goes, she greets audiences with the call of the chimpanzee, and proceeds to make a compelling case about what REDD could be on the ground – forest protection, stewardship of flagship species, but also socio-economic development (the Jane Goodall Institute funds myriad projects aimed at improving communities’ well-being).
My life has always been connected to nature -- from the banks of the River Boyne in southern Ireland where I grew up as a child, to the shorelines of California and Hawaii where I reside with my wife Keely and our sons. Between these two worlds and an ocean of time spent traveling the world as a working actor, I have seen the beauty of what man can achieve on this earth and also what can happen when he lets nature slip through his fingers.
Last evening I was at the World Bank where we saw excerpts from National Geographic’s soon-to-be aired global programming event, “Great Migrations”, that show just how fragile the lives of some of the great animals of our world are today. The majestic African elephant, or the fleet wildebeest, are confronted with obstacles in their daily existence that threatens their very continuation as a species. As we expand our human footprint across the planet, we have paved over their breeding grounds, plowed under their grazing areas, depleted their sources of water, and disrupted their historic migratory routes.
Climate change is adding to the immense dangers facing bio-diversity. In my native Ireland, at least eight species of birds, such as the gray partridge, face extinction, due to the loss of habitat, reduction in food supplies, poisonings from pesticides, and wide scale development. In my adopted home, here in the United States, the Grey Whales that migrate north and south just off our California coast have survived since the ice age. Yet, these whales face more threats today than ever before from ship strikes, loss of habitat, pollution, and other human activities. Climate change is destroying the food chain they need to survive.