For the African continent, with some of the world’s richest biodiversity and important natural carbon sinks, this approach is critical. Embedding natural capital assessment and accounting into decision-making makes it easier to tackle the global climate crisis and is essential to engendering a green recovery from the global pandemic. To do so, the African Development Bank (AfDB) Group, the Green Growth Knowledge Partnership (GGKP), and the World Wide Fund for Nature (WWF) have partnered to launch the programme, Natural Capital for African Development Finance (NC4-ADF), for mainstreaming natural capital approaches in African infrastructure finance projects.
In this webinar, partners to NC4-ADF will officially launch the programme with leading experts in the field and present the findings from a pilot that applied natural capital approaches to an AfDB-supported infrastructure project in Tanzania. High-level representatives from government, multilateral development banks (MDBs), and international organizations will join the session to discuss practical solutions to incorporating natural capital assessment and accounting in development finance architecture, including practices in African sovereign credit ratings.