[ad_1]
Private sector investors from various industries have pledged to help Ghana implement the 31 climate actions contained in its nationally determined contribution (NDC), prepared in accordance with the Paris Agreement.
The implementation of climate actions should contribute to global efforts to combat climate change.
The announcements were announced at an investment forum organized by the Government of Ghana and the United Nations Development Program (UNDP) during the African Climate Week in Accra.
From 2020, Ghana needs to mobilize around US $ 16.3 billion from multiple international sources, including the private sector, to finance conditional climate measures under its 10-year NDC plan, which would cost US $ 22.6 billion to the nation.
The forum's discussion groups discussed strategies for mobilizing the investments needed to implement climate action, and private sector actors pledged to support the country.
"The private sector's interest in climate action is high, which the sector in partnership with the government and UNDP have already demonstrated to develop a private sector investment guide for the region." country, "said Nana Osei Bonsu, general manager of the private enterprise Federation of Ghana.
While discussing practical ways to accelerate private sector investment in projects that provide climate solutions and financial returns, speakers highlighted the tools available.
These include online platforms such as Sustainable Energy Marketplace and ClimatePlace, which function as global markets connecting project developers and investors, as well as the Center for Climate Strategies, which provides training and technical badistance for the development of bankable climate projects.
They also noted the willingness of multilateral development banks, such as the African Development Bank, to provide financial incentives and risk-reduction instruments to investors.
They recommended that Ghana and other countries explore these tools to make investment in climate change projects attractive to private investors.
Ghana's President, Nana Addo Dankwa Akufo-Addo, officially inaugurated the African Climate Week, highlighting the importance of strengthening partnerships for action on climate change.
"Streamlining access to international climate finance, in addition to national funding, will improve the practical ways to mobilize financial resources for implementing national climate actions," said the president. Akufo-Addo.
Similarly, on behalf of UNDP, Gita Honwana Welch, Acting Resident Representative of the Ghana Country Office, said that climate change is "the greatest investment opportunity in history".
She said the fight against climate change would provide an unprecedented opportunity to generate mbadive economic and social benefits that can contribute to the achievement of the Sustainable Development Goals.
"Studies have shown that a bold climate action could generate economic spinoffs of $ 26 trillion by 2030 and create more than 65 million new jobs," Ms. Welch said.
However, it also indicated that in order to benefit from these benefits, there needs to be strong political will, sufficient financial deployment and better understanding by stakeholders that climate change needs to be addressed in a sound and strategic manner.
-Myjoyonline
[ad_2]
Source link
