Public Management

COP27: On Gender Day African Development Bank rallies global support for women to build climate resilience

COP27: On Gender Day African Development Bank rallies global support for women to build climate resilience
Thursday, 17 November 2022 11:57

Former Irish president Mary Robinson headlined a panel discussion to mark ‘Gender Day’ at the 27th United Nations Climate Change Conference (COP27) in Egypt. She called for a bespoke climate fund to support grassroots women to tackle climate change and build resilience.

The African Development Bank organized the session held during COP27 in Sharm El Sheikh under the theme, Gender Sensitive and climate just finance mechanisms.

The panelists said facilities tailored to supporting women, who are helping to build climate resilience, must be visible, simple, and easily accessible. 

“There is a problem about the visibility, transparency and accountability, and although there is some money floating around, we don’t have a properly dedicated climate fund or a permanent climate fund to support women entrepreneurs in combating climate change,” Robinson said.

Robinson gave the example of some women-led projects in Uganda which could do ten times more if they had access to targeted climate resources. “They had no prospects of getting the money that could be available for their sector they didn’t even know who was getting the money or where it was going.”

Opening the session, African Development Bank Group Vice President Vice for Power, Energy, Climate and Green Growth, Kevin Kariuki, said the Bank had earmarked funding for ten capacity-building projects, focusing on gender and climate through the Africa Climate Change Fund.

“Moreover, we are committing $100 million in loans to public and private sector projects to address gender and climate issues,” Kariuki said. “The Bank is also developing an adaptation mechanism to enable individuals and groups, including women and children, to borrow money for climate adaptation projects,” he added.

The African Development Bank hosted other side events to mark Gender Day at the COP27 to highlight the successes, challenges and issues surrounding gender equality and climate change. They included the launch of the Gender in Climate Action Accelerator, a tool to support private sector companies improve the gender responsiveness of their corporate climate governance.

The Accelerator will support governments in promoting gender-sensitive climate sector policies, accelerating their green transition to meet the targets of the Paris Agreement and the Sustainable Development Goals. It is a joint initiative by the Egyptian government, the African Development Bank, the European Bank for Reconstruction and Development, and the French Development Agency, AFD.

At a session opened by Kenya’s First Lady Rachel Ruto, experts agreed that as the efforts for greener economies grow, the focus should be on upskilling and reskilling to help women and girls to access green jobs. The panel, titled “Enabling and Tracking Gender-responsive Green Jobs Recovery,” also highlighted access to information for women and strengthening gender-responsive capacity building.

The Bank also held a session on “Accelerating gender-responsive climate investment for a resilient Sahel, which discussed good practices to ramp up gender-responsive climate finance in the Sahel.

In his remarks, Al Hamndou Dorsouma, Acting Director of Climate Change and Green Growth at the African Development Bank called for a more equitable distribution of climate resources in the Sahel.

Sidi Mohamed EL Wavi, Director of Climate and Green Economy at the Ministry of Environment in Mauritania, underscored the importance of eliminating barriers to quality education for women to enhance their representation at all levels.

2910 banque

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
IFC reviewing €7.5M loan for Catramp’s regional logistics expansion in Central Africa Project to boost warehouse capacity in Cameroon, Chad, and...
The Central Bank of Guinea plans a payment system modeled on Kenya’s M-Pesa. The initiative aims to reduce reliance on cash and expand digital...
The African Union launches the 2025–2034 Decade of Education and Skills Development. UNESCO supports regional programs to embed sustainability in...
Standard Bank to open Cairo office on Nov. 12, 2025 Office to boost trade links between Egypt, Gulf, and Africa Bank also seeks full license...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
04

With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...

With Costs High, IRENA Urges Global Pact to Quadruple Sustainable Fuel Production
05

Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...

Zambia’s Inflation Retreat Extends to Six Months as Policy Mix Gains Traction
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.