Africa Climate Ventures (ACV) is a pioneering venture builder working to build a portfolio of businesses focused on climate action across Africa, boosting continental participation in global carbon markets. ACV aims to launch and scale a portfolio of 15 climate positive ventures, over the next four years, by investing to: i) bring proven global climate technology to Africa, ii) accelerate and de-risk the continental expansion of technologies and business models that have gained traction in one or a few African market(s), and iii) add carbon revenue streams to existing African businesses with the potential to scale climate positive solutions.
GBP 1m & Grant-GBP 0.075k
Building and scaling climate positive businesses which generate and supply high quality carbon credits is crucial to the growth of the carbon market in Africa which is at a nascent stage. ACV seeks to launch and build businesses with potential for significant scale to mitigate the negative effects of climate change on the continent through carbon mitigation, capture and removal.
By investing in ACV, FSDAi will play a catalytic role in demonstrating carbon as an investable asset class which can attract private and public capital. The investment seeks to de-risk and demonstrate cases of novel high quality African climate businesses which can be scaled into investable opportunities that attract commercial capital and participate in global carbon markets on fair terms.
The Climate Action Platform-Africa will collaborate with FSD Africa to work on policy initiatives which will create an enabling environment for transaction structuring and execution in the climate and carbon space.
“We are thrilled that FSDAi has joined us in building ACV. The involvement of FSDAi has already been invaluable in refining the ACV model. As we work towards ambitious objectives, we believe FSDAi will be a key partner in ensuring our success.” James Mwangi, CEO of Africa Climate Ventures
Reduction of 100 million tonnes annually by 2030, at least 30% capture.
5000 jobs will be created, protected, and supported with at least 50% women.
15 Positive policy changes influenced.
GBP 34m will be mobilized/catalyzed from the public and private sector for projects designed to address climate change.
ACV’s impact measurement approach will evolve as we learn more about building businesses in the climate space and partner with new impact investors and actors.
ACV’s impact measurement approach will evolve as we learn more about building businesses in the climate space and partner with new impact investors and actors.