Doreen Mnyulwa

BUSINESS REPORTER

The African Development Bank (AfDB) has appointed a
Zimbabwean expert to the board of a continental initiative to mobilise
financing for resilience to the negative impacts of climate change.

The Zimbabwean expert, Doreen Mnyulwa, is the Regional
Agriculture and Environmental Innovation Network for Africa.

She will sit on the Adaptation Benefits Mechanism (ABM)
board alongside Evelyne Batamuliza, a climate change finance and gender expert
from Rwanda; Louise Helen Brown, a Namibian who formerly worked for the African
Development Bank; and others.

The interim ABM was established last month and is being
assisted by an interim secretariat placed in the bank’s Climate Change and
Green Growth department, headed by the director, Anthony Nyong.

“We have on board some of the brightest minds in the climate
change world, 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,” Nyong said.

The ABM aims to mobilise 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 under the Paris Agreement, in particular
those requiring international cooperation.

During the pilot phase, AfDB and partners will seek funding
from various sources to realise multiple smallscale 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 mobilising new adaptation finance for
replication.

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