Namibian expert on ADB’s ABM board
29 October 2019 | Environment
Louise Brown worked for ADB in the past and now forms part of the Adaption Benefits Mechanism (ABM) board. The project aims to mobilize public and private sector finance for enhanced climate change resilience and adaptation by creating a new asset, certified adaptation benefits. The mechanism will assist developing countries with meeting climate change needs and priorities for adaptation set out in their Nationally Determined Contributions (NDCs) under the Paris Agreement, in particular those requiring international cooperation.
During the pilot phase, the ADB and partners will seek funding from various sources to realize multiple small-scale resilience projects to test the mechanism on the ground. The demonstration projects will be used to develop methodologies for delivery of adaptation benefits, verify the outcomes and prove the effectiveness of ABM for mobilizing new adaptation finance for replication.
“We have some of the brightest minds in the climate change world on board, with tons of experience in different areas and with different stakeholder groups for ABM. They have the noble and pioneering task of convincing the world that adaptation action, just like mitigation action, has value and should be rewarded,” said the Bank’s Climate Change and Green Growth department, Dr Anthony Nyong.
The concept of the ABM was developed by the African Development Bank with the support of the Climate Investment Funds in collaboration with the governments of Uganda and Cote d’Ivoire and various stakeholders.
The ABM is potentially applicable in all countries. Also serving on the board with Brown are Evelyne Batamuliza (Rwanda), Luc Gnacadja (former Executive Secretary of the United Nations Convention to Combat Desertification), Swiss climate policy expert Dr Axel Michaelowa, Daouda Ben Oumar Ndiaye (Senegal), lead climate adaptation specialist at the Islamic Development Bank, Doreen Mnyulwa (Zimbabwe), director of the Regional Agriculture and Environmental Innovation Network for Africa; Fatima-Zahra Taibi (Morocco), senior advisor at the United Nations Environment /Technical University of Denmark (DTU) Partnership, and Assefa Tofu, director of the Ethiopia Dry Lands Development Program of World Vision Ethiopia.