Camco at COP27
Camco's COP27 team
Ieva Indriunaite, Policy and Partnerships Manager
Leads policy and regulatory risk management, technical assistance and strategic partnerships. Previously a consultant specialising in public sector management, sustainable development and climate policy, and an advisor to the LEDS Global Partnership (now Global Climate Action Partnership).
The future of REPP
The Renewable Energy Performance Platform (REPP) is the leading investment platform for small-scale and distributed renewable energy across Africa. REPP was set up in 2015 with the primary purpose of reducing greenhouse gas emissions by accelerating Africa’s transition to a sustainable development pathway.
Under Camco’s management, the platform has been working to achieve this mission by innovating within recognisable finance structures and taking the calculated risks that many investors fear to take. To date, REPP has supported 38 projects in 18 countries that have connected more than one million people to electricity for the first time, installed 26.4MW of renewable energy capacity and avoided nearly 70,000 tonnes of greenhouse gas emissions. It has committed GBP43.4 million, with a further GBP66.5 million in documentation, and mobilised more than GBP300 million from third parties.
With the platform’s current deployment phase coming to an end in 2023, Camco has been busily working on how REPP can be extended, building on its proven successes and many lessons learned. At this critical moment in the platform’s history, Camco will be using COP27 to reveal our exciting plans for REPP’s future and how its next iteration will deliver transformational impact further and faster.
Turning TIDES in the Pacific
Many Pacific Island nations have set ambitious NDC and renewable energy targets but are still heavily reliant on imported diesel for energy production and have among the highest costs of electricity in the world. New financing solutions are needed to attract private capital for renewable energy projects and complement grant funding in the region.
In response to this, Camco created TIDES (Transforming Island Development through Electrification and Sustainability), a blended finance platform for the Pacific aimed at providing flexible financing to local renewable energy developers with the goal of catalysing investment in zero-emissions projects. With TIDES’s USD100 million raise in full motion, we are excited to be taking part in COP27 to raise the profile of renewable energy projects in the region.
Climate-resilient agriculture in Africa
Current climate variability, as well as expected future climate changes, represents significant climate hazards for countries across Sub-Saharan Africa, with the agriculture sector being among the hardest hit. In the Southern African Development Community (SADC), agriculture accounts for between 4% and 27% of gross domestic product across member states and 13% of overall export earnings.
Over 70% of the region’s population is dependent on agriculture for their livelihoods, the majority of whom are smallholder farmers who rely on subsistence production. Supporting adaptation through climate-smart agriculture is therefore key to building climate resilience and supporting the implementation of the SDGs.
SMEs are the main interface in the provision of goods and services to smallholder farmers across southern Africa, and the backbone of economic development. Yet, they currently receive limited business support and are struggling to access financing required to scale their operations.
Camco has been working on a new programme that seeks to address climate vulnerability and risk in Southern Africa by building resilience through cost-effective deployment of products and services via SMEs within the agricultural value chain. We look forward to sharing our vision and partnering with others working in the sector at COP27.
Private sector climate finance policy dialogue
Tuesday 8 November
18:00 – 19:30 EGY
Global Action Room 2 (Blue Zone)
The role of blended finance in driving energy sector development in the Blue Pacific
Wednesday 9 November 12:30 – 14:00 EGY
IRENA Pavilion (Blue Zone)
From pledges to action - investing in climate adaptation SMEs in Southern Africa
Wednesday 9 November 14:15 – 15:00 EGY
Social Media Space, SDG Pavilion (Blue Zone)
Transitioning remote communities to renewable energy
Saturday 12 November 10:00 – 11:30 EGY
IRENA Pavilion (Blue Zone)
Unlocking climate finance at speed and scale for rural agriculture
Saturday 12 November 11:00 – 12:00 EGY
NDC Partnership Pavilion (Blue Zone)
Increased climate ambition through cooperation under Article 6.2
Saturday 12 November 11:00 - 12:30 EGY
UNDP Pavilion (Blue Zone)
The evolving investment landscape for renewable energy in Africa: Challenges and opportunities based on experience on the ground
Monday 14 November 17:30 - 19:00 EGY
Enabling a just energy transition in Africa through partnerships
Tuesday 15 November 12:00 – 12:45 EGY
UK Pavilion (Blue Zone)
Renewable energy for climate action and economic transformation in Africa: The role of SEFA
Tuesday, 15 November 15:00 – 16:30 EGY
MDB Pavilion (Blue Zone)
Collaborating for a climate-resilient future: Experiences and perspectives on scaling access to climate finance in emerging markets
Tuesday 15 November 15:15 – 16:15 EGY
Locally Led Adaptation Pavilion (Blue Zone)
Rethinking climate financing to reach the last mile
Thursday 17 November 16.30 – 17:30EGY
SDG7 Pavilion (Blue Zone)