Africa Finance Corporation plans to spend $253 million on making Africa's infrastructure more resilient to climate change. This will involve using scientific methods to plan, design, build and operate infrastructure assets in a way that aligns with the Paris Agreement on climate change. The main areas of focus will be transport and logistics, energy systems, economic zones, and telecommunications and digital infrastructure. The money will be used to cover the extra costs involved in adapting infrastructure to make it more resilient to the effects of climate change.
The Green Climate Fund (GCF), initiated by the UNFCCC in 2010, is the foremost fund aiding developing countries in climate change efforts, with USD 51.9 billion in co-financed projects globally. It aims for an equal focus on mitigation and adaptation, prioritizing aid to vulnerable regions. Started with a $10.3 billion pledge, GCF adopts a partnership approach to spur a global transition towards sustainable, low-emission development through international and local collaborations across sectors.
Global Evergreening Alliance seeks to restore degraded lands and capture 20 billion tons of CO2 by 2050. Eligible parties include NGOs, research institutes, and government agencies. Israeli green businesses have the opportunity to participate in land restoration programs, biomass energy production, and more. As a member of the alliance, Israel can collaborate with governments and organizations worldwide to promote sustainable land use and combat climate change. By increasing tree coverage, soil carbon sequestration, and biomass energy production, Israel can contribute to achieving the alliance's goals while promoting ecological and economic sustainability.
