Climate Adaptation & Mitigation Technology Awards
Climate change adaptation means anticipating the adverse effects of climate change and taking appropriate action to prevent or minimize the damage they can cause. It includes business opportunities such as new technologies to use scarce water resources more efficiently, or the building of new flood defenses.
Climate change mitigation refers to efforts to reduce or prevent GHG emissions. Examples of business opportunities associated with mitigation include renewable energy or the development of more energy efficient buildings and transport systems.
The awards recognizes successful climate change efforts of entrepreneurs and the private sector in developing a new climate technology or adapting an existing one to the needs of a community that has not used the technology before or developing a new business model that revolutionizes the use of an existing climate technology. Alternatively, an entrepreneur or a company may develop a service that enables the use of an existing technology in a climate friendly-way. Or focusing on harnessing the power of emerging technologies that have the potential to transform the way we live, such as artificial intelligence, blockchain systems, the Internet of things, big data and nanotechnology.
Who can apply?
Areas may include:
- Clean energy generation.
- Energy distribution& storage.
- Smart mobility & transportation.
The financial sector plays an important role in enabling the transition to a low-carbon and climate-resilient economy. However, one of the major challenges for entrepreneurs and the private sector is the limited financial incentives to work on climate action. Moreover, entrepreneurs often struggle to access local investors, venture capitalists and angel investors that are generally willing to invest in high-risk entrepreneurial climate action activities in the African region.
The Green Finance award recognizes the successful climate change initiatives of Banks, Venture Capitalists, Angel Investors, Asset Management companies.
Areas may include:
- Strategies for transition to net zero carbon foot print in ( example: phasing out of investments in oil fields, coal plants, reduction in % sales of electric cars, etc..).
- Carbon intensity of their investments and lending portfolios against set targets.
- Strategies and policies for achieving net-zero carbon foot print.
- Supporting public sector on creating enabling environments.
- Promoting public-private partnerships on financing mechanisms such as green bonds.
- Availability of Green products( green loans, Green savings).
- Integrating climate risk assessments indicators in assessing projects.
She Goes Green
Green economies are defined as economies that result in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities.
Ecological challenges, natural disasters and unsustainable natural resource management disproportionately affect the poor in developing countries.
Since women constitute the majority of the world’s poor and are comparatively more dependent on scarce natural resources, they suffer in particular from these effects and the repercussions of climate change.
The award recognizes the gender dimension of green growth, especially in the context of private sector development and the vital leadership of female led enterprises by shedding the light on their business and social impact, their potential for scalability and degree of innovative contributions to green growth and sustainable private sector development.
Who can apply?
Areas of contribution may include:
- Green production and manufacturing processes: eliminating chemical inputs and hazardous working conditions.
- Green consumerism: creating new business opportunities and markets.
- Product development and the use of green technology.
Climate Research , Education and Training
The Award recognizes the innovative research or educational and training efforts of Academic Institutions, Startups, Corporates and NGOs in building the technical knowledge capacity of stakeholders in the field of climate adaptation and mitigation.
Fields of interest for the award may include:
- Incentivizing well-functioning existing incubators and accelerators to expand into climate technology markets.
- Educating potential investors (such as microfinance institutions, angel investors and venture capitalists) on the nature of climate technology development (e.g. long payback times, type of market demand and broader benefits and returns).
- Implementing educational and training programs to build the capacity of stakeholders to engage in climate innovation.
- Creating informative media content on environmental issues for the general public.