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 support and accelerate a low carbon development.

Solar Powers Morocco’s Clean Energy Goals

The Morocco Noor Ouarzazate Concentrating Solar Power (CSP) project is based on technology that uses heat from the sun to drive steam turbines or engines to produce electricity, even at night, through a heat storage mechanism. It is Morocco’s first utility-scale solar energy plant, with the goal of supplying power to over 1 million Moroccans by 2018 and helping Morocco produce 42 percent of its electricity through renewables by 2020.

The project brings together financing from international institutions, the private sector and Morocco. Combined with the results of recent bids in the United Arab Emirates, it shows that CSP is within reach now more than ever before for many countries, especially those in the Middle East and North Africa with abundant sunshine all year round. CSP can help reduce dependence on fossil fuels, mitigate the effects of climate change, become a catalyst for local manufacturing and job creation and help spur investments in innovation for clean energy technology.

India Energy Efficiency

Energy Efficiency Services Limited (EESL) aggregates and finances residential and public sector energy efficiency in India. It has deployed more than 275 million LED bulbs, and 4 million LED street lights. Consequentially, the retail prices of high quality, longer life LEDs are at parity with CFLs. By 2020, LEDs are expected make up 60 percent of the Indian market. EESL’s innovative, flexible and effective public bulk procurement and distribution model is being replicated to other applications such as deploying superefficient air-conditioners and textile manufacturing equipment; electric and hybrid vehicles under the National Electric Mobility Mission Plan 2020; and smart meters for customers and electricity companies. EESL recently completed the procurement of 10,000 electric cars, 3,000 charging stations, and 5 million smart meters. A $220m World Bank loan combined with an $80m guarantee facility to support additional commercial credit (target $200m) is planned for 2018.

Indonesia Geothermal Risk Mitigation

Indonesia is establishing a Geothermal Resource Risk Mitigation Facility with support from the World Bank and other partners. The Facility will provide concessional funding and grants to reduce financial exposure in the early geothermal exploration phase in which a project developer typically spend $30-40 million before geothermal resources can be proven. In its first phase, the Facility is expected to leverage up to four billion dollars in private funding and lead to the development of more than 1 GW of new geothermal capacity, thereby avoiding an estimated 150 MtCO2. This will be a critical contribution to the $25 billion of investments needed to achieve the government’s target of adding 5.8 gigawatts of geothermal power generation by 2026. For the first phase the Facility will need to access around $175 million in grant and soft loans, and $325 million in concessional financing to complement the $150 million already committed by the government ($650 million in total).

Supporting cotton farmers in Burkina Faso

IFC and the World Bank, in partnership with the Société Burkinabè des Fibres Textiles (SOFITEX), West Africa’s largest cotton company, are helping cotton farmers become more productive, climate-resilient, and food secure. Cotton, traditionally a rain-fed crop, is threatened by erosion and by irregular rains. The project, part of the Sahel Irrigation Initiative Programoffers farmers financing and training in soil water management, rainwater capture, and irrigation to sustainably increase cotton yields. Since food crops are grown in rotation with cotton, the project also benefits food production.

IFC and the World Bank are facilitating $5.85 million in lending and working with four local financial institutions—Bank of Africa, Ecobank, Le Réseau des Caisses Populaires, and Coris Bank—to make loans available to farmers. The Global Partnership on Output-Based Aid (GPOBA), a multi-donor trust fund managed by the World Bank, will provide a subsidy to these smallholder farmers making the investments more affordable and creating incentives for commercial banks to lend. The payment of the subsidy is linked to actual results achieved.

Within five farming seasons, the project is expected to have increased cotton yields by 25 to 30 percent in participating areas. The project is supported by the Global Agriculture and Food Security Program (GAFSP) and by the governments of Canada and of the Netherlands

Tackling deforestation: Central Africa Forest Initiative

Deforestation is growing. Yet, emissions from deforestation represent more than 10% of global carbon emissions. The Central Africa Forest Initiative (CAFI) aims at fighting against deforestation by protecting the Congo Basin forest cover, the second largest tropical rainforest in the world. CAFI addresses all the drivers of deforestation by supporting the necessary political reforms in each specific sector. Beside the climate change mitigation goal, the initiative contributes to many other challenges as biodiversity conservation, food security, governance and fight against land degradation. Launched in 2015, CAFI is as a collaborative partnership that gathers a coalition of donors and by so constitutes a donor coordination platform. Six countries of the Congo Basin are CAFI partners with a current pledge of 253 M USD by 2020 (of which 200 M USD is provided by Norway). France just took on the presidency of the initiative for two years succeeding Norway.

Africa GreenCo

Africa GreenCo addresses a key impediment to developing sub-Saharan Africa’s renewable energy resources at scale – the creditworthiness of power offtakers. Africa GreenCo proposes to introduce a government co-owned, independently managed and well-capitalised intermediary offtaker to sit between clean energy generators on the one hand and utilities and other power buyers on the other. The proposed entity will aggregate and mitigate demand and supply risks as an operating member of regional power pools. This will help unlock the private capital required to meet SDGs and NDCs at lower cost and in a fiscally efficient manner, and will provide a stepping-stone to the development of liquid power markets by leveraging existing power pools. Africa GreenCo is supported by The Rockefeller Foundation, Convergence, SADC PPDF, SAPP, RERA, NEPAD, APUA, the GWPSA and AREI and is in discussions with the Government of Zambia and Zambia’s key development partners regarding implementation from Zambia.

Objective: decarbonized transportation

By 2030, the greenhouse gas emissions of the transport sector could represent a third of emissions from fossil fuels, with disastrous environmental, financial and human costs.

The video shows that the battle to decarbonize transport is already being fought. Many transport stakeholders (vehicle and part manufacturers, energy providers, service providers, etc.) offer viable innovations (electricity, hydrogen). Countries are committing to ending these emissions. Cities are working to ensure their centres are unpolluted in 2030.

To speed up this systemic transformation, all public and private stakeholders need to coordinate their efforts. That is why the Paris Process on Mobility and Climate (PPMC) and four countries have launched the Transport Decarbonization Alliance. This initiative will help drastically reduce CO₂ emissions and transform the transport sector, with immensely positive social, economic and health benefits.

E-buses

Tower Transit is an innovative transport operator with fresh ideas and expertise in bus franchising. Disruptive low-carbon technologies such as electric mobility technology is an important part to achieve a full transport transformation. However, this technology will not be enough if it is not partnered with actions to improve efficiency in the use of the urban infrastructure, with high-quality mass transport systems and land use transformation to enhance non-motorized mobility. Tower Transit’s pitch is exemplary of the deals that cities across the globe are considering – including with the World Bank in many Latin American cities.

Lisbon: a comprehensive framework loan for climate action and urban renewal from European Investment Bank 

Mayor Fernando Medina recently unveiled the City of Lisbon Investment Plan 2016-2020: an ambitious regeneration proposal to deliver long-term competitiveness and make the city more resilient to the increasing effects of climate change like flooding. This involves a comprehensive urban regeneration strategy from the EIB, which provided a 30-year EUR 250m loan to support Lisbon’s overall EUR 523m investment programme. This operation, underpinned by the comprehensive strategy, helps financiers to see the city as an interconnected network - thus helping Lisbon to confront some of its most important challenges. Expected outcomes include transforming an old military factory into one of the biggest start-up hubs in Europe as well as implementing the city’s General Drainage Plan. It means building new fire stations, car parks, 250 km of upgraded streets, more than 1000 new and rehabilitated social housing units, and renovating dozens of squares and parks. The investment constitutes a major draw for Lisbon, which has lost about 240,000 inhabitants in the last 3 decades.

Climate policies in Bouthan

Bhutan is a leader in public policies that marry economic development and environmental protection.

In the 1970s, environmental policies were enshrined in the country’s constitution, notably guaranteeing a minimum of 60% forest coverage. This is a crucial issue. Bhutan has the highest forest coverage in Asia (70%); protected areas constitute 52%, representing more than 5 million hectares or protected land rich in forests, rivers and biodiversity. These forests capture more than 6 million tonnes CO₂ each year – four times Bhutan’s emissions.

To continue its economic development while maintaining balance with its environmental protection policies, Bhutan and the World Wildlife Fund (WWF) have developed an innovative financing mechanism: “Bhutan for Life”.

This project shows that States can find innovative ideas and schemes for finance compatible with climate and economic challenges.