About the Africa Climate Change Fund
The Africa Climate Change Fund (ACCF or the Fund) is a multi-donor trust fund that compliments the African Development Bank’s (The Bank) target of tripling its climate financing and advancing Africa’s climate resilience.
The ACCF was established in 2014 first as a bilateral thematic trust fund with an initial contribution of €4.725 million from Germany through its international development agency, Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ). ACCF was converted to a multi-donor trust fund in 2017 with contributions from the Governments of Flanders, Belgium and Italy. The Global Affairs Canada and Government of Quebec joined the Fund in 2020. The Global Center on Adaptation, Governments of Austria and Ireland joined in 2022.
The Fund was created to provide small grants to African governments, non-governmental organizations (NGOs), regional institutions, and private sector to support African countries to transition towards climate-resilient, low-carbon development.
The current size of the Fund is $40.64 million. Since its inception, the ACCF’s Governing Committees have approved 32 projects, with 9 projects completed and 2 projects cancelled.
Vision
ACCF’s vision is to continue playing a significant role in supporting African countries to enhance their resilience to climate change impacts and to contribute to the Bank’s ambitious goal of tripling its share of climate change-related investments.
The ACCF supports projects through competitive Calls for Proposals and a Demand Driven Window, helping African countries access climate finance, update climate strategies, and implement adaptation initiatives. The Fund prioritizes gender equality and climate resilience, and its scope was extended to 2027 to align with Africa’s evolving needs and the Glasgow Climate Pact
Objectives
Building capacity of African stakeholders on climate change and scale up access to climate finance 1
Supporting RMCs to integrate climate change and green growth into national strategies and policies (NDCs Revisions, Long term Strategies)2
Co-financing projects and programs to advance climate resilient and low carbon development3
Contributing to the implementation of the Bank’s Climate Change & Green Growth Strategic Framework4