Projects for our planet.

At the heart of the Summit, some 20 projects have been showcased. These projects were presented during the round tables in the morning, the Climate Agora at lunchtime and during the afternoon sessions. They illustrate the fact that concrete local and global solutions exist to address the challenges we face. They need to be stepped up and replicated, and to serve as a source of inspiration around the world. They demonstrate that we are committed to a new world, to preserve the future of our one and only planet.

Program of the Climate Agora

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#OnePlanet projects to reinforce adaptation and resilience to climate change.

Towards resilient Caribbean islands

Island territories are highly exposed to climate issues, particularly in the Caribbean.

The Inter-American Development Bank (IDB) is launching its “Sustainable Islands Platform” initiative to engage the island States of Latin America and the Caribbean in a blue and circular economy perspective.

Tools for planning and for changing modes of production and consumption, along with financial tools, will be provided through the Platform.

The aim is to ensure sustainable economic development, to preserve islands’ natural capital, to optimize local resources and to create and capitalize on a new resilient blue and circular economic model.

The initiative is built on a public-private investment vehicle to spur private investment in the energy and infrastructure, agriculture and tourism sectors through the contribution of concessional resources. This vehicle will raise between US $75 million and $150 million.

Bolivia: a resilient agriculture

The people of Bolivia’s Altiplano live off family farming on land subject to a tough, cold climate, changing weather conditions and scarce water. These difficult conditions are aggravated by climate change. Instability has increased, shaking up rain regimes and leading to long periods of drought. The result? The sustainability of traditional agricultural practices – and thus the food security of inhabitants – are under threat.

In the municipality of Calamarca, 50 kilometers from La Paz, the installation of a greenhouse and training in techniques inspired by agro ecology is helping the community adapt. The greenhouse secures and diversifies the food supply of local people, and creates gainful activity – a little revolution in this isolated village. Since the greenhouse opened in 2014, 15 families, together in a producer’s association, have benefited.

The project is going to be expanded to 30 other municipalities in Bolivia, with the aim of these best practices spreading across the country. Here and elsewhere, promoting alternative production methods, improving yields and guaranteeing food security is a means of adapting to the changes that are underway.

Africa Risk Capacity

The African Risk Capacity (ARC) was established by the African Union (AU) to work with African governments to find better ways to finance responses to disasters on the continent and reduce their reliance on the humanitarian aid. It was also established to work with AU countries to strengthen the public policy and risk management systems involved in managing their climate risks.

ARC provides climate-related disaster insurance to African governments – managed through its insurance affiliate, ARC Insurance Company Limited (ARC Ltd), using modern finance mechanisms such as risk pooling and risk transfer. At times of crisis, this insurance provides fast access to funding for previously agreed-upon, rapid response plans developed with the governments.

In addition to the insurance, ARC offers capacity-building for countries, to monitor climate indicators and predict response costs. ARC initiative is supported under the InsuResilience, the G7 Climate Risk Insurance Initiative.

Climate Resilience and Adaptation Finance & Technology Transfer Facility

The Climate Resilience and Adaptation Finance & Technology Transfer Facility (CRAFT) is the first private sector investment strategy focused on climate resilience and adaption. CRAFT has identified over 500 companies with technologies, products, and services that can assess and manage the risks and impacts being amplified by climate change in all sectors of the economy. CRAFT would invest growth equity in 10-15 of these companies to help them scale up and apply their solutions in developing countries. The strategy calls for:

  • Two legally and financially separate sleeves of $250 million each for developed and developing country investments,
  • $100 million of concessional financing to help de-risk and attract $150 million of commercial investment for the developing country sleeve,
  • $20 million of donor financing for technical assistance to help resilience companies expand in developing country markets, especially in lower income and vulnerable countries.

Resilient Cities

The City Resilience Program (CRP), supported by the Global Facility for Disaster Reduction and Recovery (GFDRR) and the Swiss Economic Secretariat (SECO), will assist city governments to build resilience to climate and disaster risks by structuring climate resilient investment packages and connecting them to finance. It will catalyze a pipeline of well-prepared and bankable investment opportunities and improve access for private and institutional investors to crowd into new markets. CRP advises cities on access to capital for infrastructure investments, through direct lending, public-private partnerships and strategic use of land assets. CRP seeks to act as the investment bankers for the city facilitating strategic investments that address the vulnerabilities and risks that cities face. The result will be deal flow for investors to help finance large-scale investment programs. The first phase starts with 30+ cities but is expected to scale to 500+ cities within 10 years.

Coastal resilience in West Africa: WACA

The West African Coastal Areas Management Program (WACA) targets 17 West African countries to improve the management of shared natural and man-made risks affecting coastal communities. It will seek to: (i) crowd in finance with the objective of reaching $2bn to tackle coastal erosion, flooding and climate change adaptation and pollution; (ii) foster political dialogue within and among countries; and (iii) accelerate knowledge transfer on coastal management to and among West African countries. As a first contribution to the $2bn, the World Bank is processing a $215m operation, including $170m from the International Development Association, $20 million from the Global Environment Facility, and $9 million from the Nordic Development Fund, to be presented to the Board by March 2018. A package is being prepared for the city of Saint-Louis in Senegal to respond to an emergency from severe erosion which has already forced the evacuation of dozens of families is a WACA priority.