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By
Lydia Kukua Asamoah, RNG
Accra, March 20, GNA –
Private sector actors have expressed their willingness to badociate with the government
implement its nationally determined contributions (NDCs) to mitigate the effects of climate change
change the impacts.
Actors in the private
sector said it would be willing to explore partnerships through public-private partnerships
Partnerships (PPP) to ensure the mobilization of the necessary resources to finance CDNs.
At an investment forum
on NDCs during the Africa Climate Week in Accra, Nana Osei Bonsu, the
Director General of the Federation of Private Enterprise, said the sector
was ready to partner and lead the reduction of global emissions by adopting
innovations.
The two-day investment
The forum discussed ways to consolidate private sector investment into ongoing projects.
Ghana who were financially viable and brought climate solutions Ghana
promised in the 31 national actions to mitigate climate change.
The United Nations
Development Program (UNDP), in partnership with the Government, organized the
forum to discuss, among other things, investment opportunities in low-carbon technologies.
transition, how to increase the flow of climate projects and accelerate the private sector
invest with Innovative Finance, adapt to resilience to climate change,
security and finance, and engage in businesses to advance CDNs.
The forum was
showcase climate-proven solutions and climate-ready investment action projects
attract support.
Mr. Bonsu stated that the
private sector had already collaborated with the Ministry of Environment, Science,
Technology and Innovation (MESTI), UNDP and other actors to identify
various sectors where private partners could explore.
However, he expressed
concerned about the risks of investing in the NDCs, but said that if the actors were able to
to reduce these risks and put in place mechanisms to generate returns, they would be
comfortable.
"No investor goes in
risk of losing money, the private sector will therefore commit to
get involved in the investment angles but hope for their return, "said Bonsu.
I said.
Dr. Kofi Bentil, the
Vice President of IMANI Africa, said that the private sector had expressed many
interest in Ghana's climate actions, some entering various
partnerships, for example, to build solar power plants in the renewable energy sector.
program.
Ms. Patricia Appiagyei,
the deputy minister, MESTI, said that climate change continues to cause
billions of dollars related to weather conditions and the destruction of vital ecosystems such as
as silviculture and coral reefs.
She said the
Government had put in place various programs to reduce global emissions, citing
the distribution of gas stoves to 50% of households and the development of
solar farms to provide alternative sources of energy.
Ghana is also
mobilize funds from local and international sources to enable it to
the $ 22.6 billion needed to implement CDNs starting in 2020.
Africa 2019
Climate Week opened in Accra Monday on the theme of "Climate Action
Africa: a race we can win. "
The five-day regional
The event focuses on the implementation of NDCs by Africa to mitigate the effects of climate change.
change.
It is hosted by
MESTI in partnership with Nairobi's umbrella partners, the Environment Group
Protection Agency and the West African Development Bank.
GNA
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