African Development Bank (AfDB)
In 2020-2021, in response to the COVID 19 pandemic, African Development Bank (AfDB) have committed at least USD 1.22 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:
- At least USD 1.00 million for fossil fuels without conditions
- At least USD 223.66 million for unconditional clean energy
- At least USD 131.59 million for conditional clean energy
- At least USD 859.19 million for other energy
By energy type, no public finance identified for oil and gas.
Finally, African Development Bank (AfDB) committed at least USD 1.00 million to multiple fossil fuels (at least USD 1.00 million to unconditional multiple fossil fuels).
A considerably larger amount of new public finance from African Development Bank (AfDB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.
Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via African Development Bank (AfDB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.
At least
$1.00 million
Supporting fossil fuel energy
At least
$355.25 million
Supporting clean energy
African Development Bank (AfDB)
In 2020-2021, in response to the COVID 19 pandemic, African Development Bank (AfDB) have committed at least USD 1.22 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:
- At least USD 1.00 million for fossil fuels without conditions
- At least USD 223.66 million for unconditional clean energy
- At least USD 131.59 million for conditional clean energy
- At least USD 859.19 million for other energy
By energy type, no public finance identified for oil and gas.
Finally, African Development Bank (AfDB) committed at least USD 1.00 million to multiple fossil fuels (at least USD 1.00 million to unconditional multiple fossil fuels).
A considerably larger amount of new public finance from African Development Bank (AfDB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.
Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via African Development Bank (AfDB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.
Public money commitments to fossil fuels, clean and other energy in African Development Bank (AfDB) recovery packages, USD billion, in 2020-2021
| MDB | Recipient Country | Category | Policy name | Sector | Energy Type | Mechanism | Value committed, USD | Date of announcement | Policy type | Sub-Institution or Programme | Receiving entity | Stage | Arm of Government | Primary and secondary stated objective of the policy | Policy background | Links to official sources | Links to additional sources | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| African Development Bank (AfDB) | Multiple | Clean unconditional | Bundled – AfDB “Clean Unconditional” Investments under $200 million in 2021 | Multiple sectors | Multiple energy types | Multiple public finance | 145900000 | 31/12/2021 | Fiscal | Multiple | Several energy stages | Public finance institution | This line item reflects the African Development Bank investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2021. | Project-level data can be accessed here: energyfinance.org |
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| African Development Bank (AfDB) | Multiple | Clean conditional | Bundled – AfDB “Clean Conditional” Investments under $200 million in 2021 | Multiple sectors | Multiple energy types | Multiple public finance | 41700000 | 31/12/2021 | Fiscal | Multiple | Several energy stages | Public finance institution | This line item reflects African Development Bank investments made in "clean conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2021. | Project-level data can be accessed here: energyfinance.org |
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| African Development Bank (AfDB) | Multiple | Other energy | Bundled – AfDB “Other Energy” Investments under $200 million in 2021 | Multiple sectors | Other energy type | Multiple public finance | 474000000 | 31/12/2021 | Fiscal | Multiple | Several energy stages | Public finance institution | This line item reflects African Development Bank investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2021. | Project-level data can be accessed here: energyfinance.org |
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| African Development Bank (AfDB) | Multiple | Fossil unconditional | Bundled – AfDB “Fossil Unconditional” Investments under $200 million in 2021 | Multiple sectors | Multiple fossil | Multiple public finance | 1000000 | 31/12/2021 | Fiscal | Multiple | Several energy stages | Public finance institution | This line item reflects African Development Bank investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2021. | Project-level data can be accessed here: energyfinance.org |
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| African Development Bank (AfDB) | Multiple | Fossil unconditional | Bundled – AfDB “Fossil Unconditional” Investments under $100 million since Jan 1 2... | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 0 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects World Bank Group investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| African Development Bank (AfDB) | Multiple | Fossil conditional | Bundled – AfDB “Fossil Conditional” Investments under $100 million since Jan 1 202... | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 0 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects World Bank Group investments made in "fossil conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| African Development Bank (AfDB) | Multiple | Other energy | Bundled – AfDB “Other Energy” Investments under $100 million since Jan 1 2020 | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 131103538.00 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects World Bank Group investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| African Development Bank (AfDB) | Multiple | Clean conditional | Bundled – AfDB “Clean Conditional” Investments under $100 million since Jan 1 2020 | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 89892803 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects World Bank Group investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| African Development Bank (AfDB) | Multiple | Clean unconditional | Bundled – AfDB “Clean Unconditional” Investments under $100 million since Jan 1 20... | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 77761274.00 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects World Bank Group investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | " https://www.aiib.org/en/projects/details/2020/approved/Bangladesh-Dhaka-and-West-Zone-Transmission-Grid-Expansion-Project.html https://www.aiib.org/en/projects/details/2020/approved/_download/Bangladesh/PSI-P000272-Dhaka-and-Western-Zone-Transmission-Grid-Expansion-20200117_ptlupdate_II.pdf https://www.aiib.org/en/news-events/news/2020/USD200M-AIIB-Loan-to-Help-Increase-Electricity-Access-in-Bangladesh.html https://ijglobal.com/data/transaction/46675/dhaka-and-western-zone-transmission-lines-expansion-408km https://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank"" https://www.aiib.org/en/projects/details/2020/approved/Multicountry-ADM-Capital-Emerging-Asia-Renewable-Energy-Fund.html https://www.aiib.org/en/projects/details/2020/approved/_download/multicountry/AIIB-PSI-P000335_ADM-Capital-Emerging-Asia-Renewable-Energy-Fund-After-approvalNov-25.pdf https://www.aiib.org/en/news-events/news/2020/First-of-its-Kind-Investment-Helps-Bridge-Financing-Gap-for-Small-and-Medium-Sized-Enterprises-in-Renewables-Sector.html"" Accessed Jan 15, 2021 |
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| African Development Bank (AfDB) | Egypt | Other energy | Electricity and Green Growth Support Program (EGGSP) – Phase I | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 254088230 | 08/05/2020 | Fiscal | Government of Egypt | Electricity storage or transmission or distribution | Public finance institution | "AfDB Project 46002-P-EG-FA0-005: AfDB financing - ADB (U.A 185,192,806). The funding is to finance the first phase of the Electricity and Green Growth Support Program (EGGSP). The main goal of the program is to promote a sustainable, competitive and diversified electricity sector for ensuring security of supply and supporting climate change mitigation and green growth.The expected outcomes of the program are: i) rationalization of the electricity tariff; ii) enhanced financial sustainability of the electricity sector; iii) improved corporate governance and competitiveness of the key electricity sector institutions; iv) enhanced security of energy supply through promotion of renewable energy and energy efficiencyfor fostering climate change mitigation and green growth; and v) stronger engagement of the private sectorfor better service delivery. NOTE: US Treasury cites funding of $251.25 and an approval date of June 18, 2020." | " https://projectsportal.afdb.org/dataportal/VProject/show/P-EG-FA0-005 https://www.afdb.org/en/news-and-events/press-releases/egypt-african-development-bank-approves-225-million-euros-budget-support-loan-electricity-sector-bolster-economic-resilience-and-sustainability-amid-covid-19-36237 https://www.treasury.gov/resource-center/international/development-banks/Documents/June_2020_Voting_Record.pdf (see June 18, 2020) " Accessed 15 Jan 2021 |
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