The United States government will provide a $5m grant to the African Development Bank to support efforts to abate methane gas emissions across the continent.
The grant, subject to the completion of US domestic procedures and approvals, will go to the multi-donor Africa Climate Change Fund, which is managed by the African Development Bank, over the next three years. The fund supports a broad range of activities covering climate resilience and low-carbon growth.
US special presidential envoy for climate John Kerry, made the announcement at an event held on the margins of the 18th African Ministerial Conference on the Environment taking place in Dakar.
He said: “More than 25 countries on the continent have joined the Global Methane Pledge, a resounding level of support for the importance of methane in keeping 1.5 degrees within reach.”
An additional $1.2m funding was pledged by the Climate and Clean Air Coalition (CCAC) and the Global Methane Hub to tackle methane emissions in African countries.
The coalition comprises voluntary partnership of governments, intergovernmental organisations, businesses, and research institutions.
The Global Methane pledge, launched during COP26, targets reducing emissions of methane by at least 30% from 2020 levels over the next seven years.
Welcoming the contributions, African Development Bank Vice President for Power, Energy, Climate and Green Growth, Kevin Kariuki said the Bank planned to create activities within the ACCF to support methane abatement.
Kariuki said, “With the support of the US government, and other donors and non-state actors, we intend to create a dedicated pillar of activities within our Africa Climate Change Fund to support methane abatement including working with countries to include methane in their Nationally Defined Contributions and develop pipelines of methane abatement projects for further investment.”
The African Development Bank would be releasing a methane baseline reporting covering waste and energy sector methane emissions across Africa at the upcoming COP 27 in Sharm El Sheikh, Egypt, between November 6-18.
The bank’s 2022 Africa Economic Outlook projects that Africa will need as much as $1.6trn between 2020-2030 to implement its climate action commitments and NDCs.
The African Development Bank has committed to mobilising $25bn for climate finance by 2025, and more than half the funding will be allocated to adaptation projects.
Methane, the second largest cause of global warming, accounts for about half the net rise in global average temperatures since the pre-industrial era.
Wetlands, agriculture and energy are the three largest sources of methane emissions, according to the IEA. The energy sector – including oil, natural gas, coal and bioenergy – accounts for around 40% methane emissions from human activity.
Africa needs considerably more investment to expand and improve its electricity grids, build renewable energy infrastructure and curtail fossil fuels.
The IEA states, ”Achieving Africa’s energy and climate goals means more than doubling energy investment this decade. This would take it over US$190 billion each year from 2026 to 2030, with two-thirds going to clean energy.”