Jointly organized by the African Development Bank (AfDB), the Climate Investment Funds (CIF) and the Lancaster University Pentland Centre for Sustainability in Business, this invitation-only event will launch the concept of an Adaptation Benefit Mechanism (ABM) – a transparent and efficient results-based mechanism to support adaptation to climate change. The ABM is developed by the AfDB with initial funding from the CIF and support from Lancaster University’s Pentland Centre for Sustainable Business. It could serve as a business model to encourage private sector investment in climate change adaptation, sending a price signal to project developers that will encourage them to invest in technologies, goods and services which bring verified adaptation and resilience benefits to developing economies. Participants of this workshop will have the opportunity to learn about the conceptual design of the ABM, how it may be used for corporate social responsibility activities alongside or instead of carbon offsetting and will hear about a range of potential projects that could be funded by the mechanism. It is hoped that one or more of the participants will be willing to enter into an offtake agreement to then help finance the project, demonstrating the mechanism’s feasibility and scalability.  

date: 11 April 2017  
venue: The Work Foundation, Trafalgar Square  
location: London, England, UK  
www: https://www.afdb.org/en/news-and-events/article/launch-of-the-adaptation-benefit-mechanism-abm-16704/