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Home Featured

Private sector fund being established to help tackle climate change – Akufo-Addo

Mabel Boamah by Mabel Boamah
4 years ago
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Private sector fund being established to help tackle climate change – Akufo-Addo
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According to President Akufo-Addo, the government has put significant measures in place to combat the problem of climate change in Ghana.

He said that the government is considering, among other things, a $200 million development green fund as part of these efforts, adding that the fund will be driven by the private sector and will complement the government’s efforts.

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Ghana is doing its bit to combat climate change, according to President Akufo-Addo, who is leading a government delegation to the highly anticipated COP 26 climate change summit in the Scottish city of Glasgow.

“We have introduced major policy interventions that have developments on climate projection imperatives… Additionally, I have established an advisory group of prominent private sector Chief Executives who are setting up a $100 million SDG delivery fund and a $200 million green funds to complement government efforts in tackling climate change and the implementation of the SDGs.”

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The COP 26 will take place from October 31 to November 12, 2021.

At an earlier event, Dr. Kweku Afriyie, the Minister of Environment, Science, Technology, and Innovation, stated that Ghana’s key propositions for the global meeting are to seek funding to implement its climate change adaptation measures, negotiate for an alternative to the 2030 fossil to renewable energy transition agenda, and push for the conclusion of the carbon trading discussions.

He went on to say that Ghana’s participation in the conference would allow the country to contribute to global discussions on climate change while also highlighting national efforts to mitigate and adapt to its effects.

Read Also: Akufo-Addo departs for COP 26 summit in Glasgow

Mabel Boamah

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