The Climate Report 2017/18 - Page 22



C. What AFRI-RES will do
The facility will identify good practices and
develop guidelines to inform decision-making on
incorporating climate risk into infrastructure
planning and design across different sectors and
stages of decision-making (e.g., from the policy
level through sector level planning to individual
project design).
A central function of AFRI-RES will be to
facilitate interaction between policy makers,
financiers, project developers, and scientific and
engineering experts to develop and mainstream new
practices that deliver climate resilient infrastructure
in Africa. The scope of the work of the facility
would thus span different sectors and different
stages of the planning and project development
process.
Component 4: Climate knowledge and data
portal
The facility will develop and maintain an online
repository of climate data, tools and climate
information services of relevance for climate
resilient investment planning and design in Africa.
This will include a library of project-level
experiences, including validated climate data,
models and scenarios for Africa, as well as
analytics and learning and knowledge products to
support climate resilient infrastructure investment.
In supporting African institutions and the private
sector to strengthen their capacity to plan, design,
and implement infrastructure investments that are
resilient to climate variability and change in
selected sectors, AFRI-RES will deliver on the
following:
Component 1: Project-level technical assistance
This includes expert support to developers to draft
terms of reference that include specifications for
carrying out climate resilience assessments in prefeasibility or feasibility studies, quality assuring
consultant reports, or including climate risk
management actions in the structuring of publicprivate partnership agreements or contracts, thus
providing additional support for seeking
incremental financing to cover the additional costs
of including climate change considerations in
project design.
D. A timely facility for harnessing the
“resilience dividend”
AFRI-RES will undertake a range of activities to
encourage behavioral change on climate resilient
investment planning. These will range from
upstream work of awareness-raising (e.g.
workshops, seminars) intended to enhance
understanding of public and private sector decisionmakers as to the risks of climate variability and
change on the performance of infrastructure, to
more in-depth technical workshops (targeted at
practitioners) to support robust decision-making,
access to finance, technology transfer and capacity
building, reflecting the real-life experiences.
A recent study, based on case studies by Global
Infrastructure Basel has shown that infrastructure
projects which integrate resilience and
sustainability directly into their design and
implementation pay off both for the investors and
for the public good in that the infrastructure
performs better and increases return on
investment7. Furthermore, there is increasing need
now to disclose investment assets at risk from
climate change, resulting in the Financial Stability
Board (FSB) establishing the Task Force on
Climate-related Financial Disclosures (TCFD) on
December 4, 2015 to develop recommendations for
more efficient and effective climate-related
disclosures that could “promote more informed
investment, credit, and insurance underwriting
decisions” and, in turn, “would enable stakeholders
to understand better the concentrations of carbonrelated assets in the financial sector and the
financial system’s exposures to climate-related
risks.”8
Component 3: Guidelines, standards and good
practice notes for climate resilient infrastructure
investment
But what does it take to integrate resilience into
infrastructure planning and implementation? And
are African countries ready to harness the
Component 2: Outreach, dissemination and
training
8
http://www.gib-foundation.org/2017/04/resilience-dividend-yesSee, for example, https://www.fsb-tcfd.org/wpSee http://www.gib-foundation.org/2017/04/resilience-dividend-yes-exists/
exists/
content/uploads/2016/12/16_1221_TCFD_Report_Letter.pdf
See, for example, https://www.fsb-tcfd.org/wp-content/uploads/2016/12/16_1221_TCFD_Report_Letter.pdf
7
8
20

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