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.
