The overall goal of our work on climate finance is to assist in activities relating to region specific strategic implementation plans on public finance, private finance and partnerships based on the global climate finance architecture that takes into consideration, transparency of climate finance, needs of developing countries, alignment of financial flows (Art. 2.1.c. of the Paris Agreement) and long-term finance and identify green investment opportunities and set up a project pipeline in a country-driven manner.
We work with governments, financiers, project owners, and financial institutions to support the realigning of finance flows in the region to make them consistent with a pathway towards low greenhouse gas emission and climate-resilient development and helping to divert financial streams into sustainable projects, thereby reducing the risks from climate impacts.
- We assist governments to actively promote low carbon and climate resilient investments in their countries and disseminate information on their enabling investment environments to investors and other market players.
- We make it easier for financiers to find market, policy, and regulatory information, identify co-financiers to form consortia, access project development funding to support investment-mature projects, and provide risk mitigation instruments to help structure projects and financing.
- We help provide project owners with increased visibility for their projects among financiers and other market players, making it easier to identify relevant financiers, advisors, and service providers for specific needs and enable targeted and relevant contacts with them.
RCC support has been shown to reduce barriers and lower transaction costs on market entry, attract new investors interested in climate aligned investment opportunities (projects and facilities), and increase access to finance for developing countries, catalysing inclusive economic and social development in the Eastern and Southern Africa region.
Needs-based Finance (NBF) Project
RCC Kampala is also supporting the Means of Implementation Division of the UNFCCC secretariat to operationalize two Needs-based Finance (NBF) projects in the region.
The secretariat launched the Needs-based Finance (NBF) project with the objective of facilitating access and mobilization of climate finance for the implementation of priority mitigation and adaptation projects to address the needs identified by developing countries, in a country driven manner. More on the NBF project here
RCC Kampala is facilitating the following NBF projects with countries in the region:
Countries: Countries: Burundi, Kenya, Rwanda, South Sudan, Tanzania, Uganda
Regional partner entity: East African Community (EAC)
Project stage: Post inception, technical analysis and strategy design
Countries: Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia, Zimbabwe
Regional partner entity: Southern African Development Community (SADC)
Project stage: Post inception, technical analysis and initiation of strategy design
Check out the NBF brochure here for more details on their work around the globe