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Mitigate and adapt to climate change. The State of Senegal is committed to these two essential ways to reduce the risks generated by climate change.
Senegal has been involved in two policies at the policy level to effectively combat climate change: mitigation and adaptation. This was revealed by the technical adviser at the Ministry of Environment and Sustainable Development, Diatou Thiaw Niane. She chaired yesterday the seminar on the experimentation of a standard carbon credit framework for energy access programs in Senegal. According to him, Senegal has put development at the heart of measures to mitigate the effects of climate change through carbon financing. "It is in this sense that the World Bank, as part of the carbon initiative for development (Ci-DEV), accompanies Senegal in this process," she said.
Thus, The adviser pointed out that out of nearly 7,700 projects that have passed through the Clean Development Mechanism (CDM), our country has only had ten and this can result in cumbersome procedures. "With this initiative of the World Bank, Senegal thinks to capture many more projects, especially in the crucial sector of energy, especially in rural areas. And it will also achieve the political goals for access to energy and within the framework of the SDGs. "(1965) Javier Freire Coloma, energy and climate finance specialist at the International Monetary Fund's Climate Fund Management Unit, for its part, to ensure that funding from the World Bank's Carbon Development Initiative (Ci-Dev) can support the efforts of the Senegalese government to mitigate the effects of climate change and eliminate energy poverty. "Ci-Dev has signed an emission reduction credit purchase agreement with the Senegalese Rural Electrification Agency (ASER), through a promise to purchase carbon credits generated in the future. the framework of the rural electrification project, "he said.
However, the specialist notes that the Standard Carbon Credit Framework (SCF) is a set of flexible, administratively administered and enforced procedures and guidelines. managed by governments since the ratification of the Paris Climate Agreement. "This is an example of a results-based funding model. This contract is a commitment to buy future carbon credits and a source of future revenue that will also help attract private investors and mobilize other sources of funding for the implementation of the project, "he explained. . And adds that the Carbon for Development Initiative (Ci-Dev), a World Bank Judicial Fund, mobilizes private funds to support access to clean energy in low-income countries. [19659003ForMrColomatheWorldBankprovidesresults-basedfinancingforprivateinitiativeprojectsthatuseinnovativeandtransformativebusinessmodels"WeusecleandevelopmenttoolstomeasuretheimpactofactionsTheseareresults-basedpaymentstosupporttheseenvironmentalprojectsindevelopingcountries"hesaidAndstressesthatthisprojectwhichhasbeenunderwayfor8yearsprovidesruralhouseholdswithreliableaccesstocleanformsofenergyandprovidesthemwitharangeofsocialandenvironmentalbenefitsusingcleantechnologiesfornewenergyconnections[19659003]
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