ObjectivesFund scope
Mali is heavily dependent on natural resources, which makes the country economically vulnerable to climate change. Already experiencing record-high droughts, floods, strong winds, and temperature fluctuations, every sector of the economy is affected with agriculture, livestock, fisheries, forests, water, and health being hit the hardest.
To address challenges the Government of Mali has made strategic policy choices that promote clean and climate resilient technologies. The Ministry of Environment and Sanitation developed a National Strategy on Climate Change (SNCC) in consultation with public and private sector partners, which resulted in the establishment of the Institutional Framework on Climate Change and Environment and Sustainable Development Agency (AEDD). Implementation of the SNCC, however, requires a great deal of coordination and alignment. The Mali Climate Fund supports stakeholders working towards ushering in a Green Climate Economy, integrating initiatives and fostering the coordinated implementation of the strategic framework.
The five services prioritized throughout the Fund’s transformative process are:
- Mobilize domestic and international innovative financing.
- Anchor domestic and international climate finance to the National Strategy on Climate Change vis-à-vis a common results-framework.
- Pilot innovative partnerships and policies to scale-up access to clean, climate-resilient, and sustainable technologies.
- Secure private financing by supporting adaptation and clean energy market initiatives that reduce investment risks.
- Build capacities through the expansion of partnerships and networks.
The Fund backs activities that are in line with the National Strategy for a Green and Climate Resilient Economy and obtain results in the areas of water, agriculture, livestock, energy, forestry, infrastructure and transport, health, and economy.
Strategic framework and theory of change
Guided by a robust framework of concrete, measurable results, the Fund is an instrument used to increase the resilience of ecological, economic, and social systems in Mali—incorporating priority policies and initiatives in the most vulnerable sectors. Although Mali has relatively low carbon output, excess greenhouse gas emissions can be reduced through the promotion of win-win strategies for clean development and effectively managing future risks linked to climate change.
The Fund framework is built on enhancing national research capacities to better understand the middle ground between climate change, socio-economic, and human factors and sustainable natural resources. Programmes are designed to improve risk management tools in vulnerable sectors; increase water supply for affected communities; reduce risk of crop failure and increase food production; diversify sources of food and livelihoods for vulnerable households, and develop photovoltaic, wind and hydro energy sources for improved electricity access and to reduce dependence on imported fossil fuels.