THE GOVERNMENT of Ghana and the United Nations Development Programme (UNDP) will host an Investment Forum on Ghana’s Nationally Determined Contributions (NDCs) from 18th to 19th March 2019 during the Africa Climate Week, which is slated from the 18th to 22nd March 2019 at the Accra International Conference Centre.
The two-day forum will discuss ways to crowd-in private sector investment for projects in Ghana that are financially viable, and also deliver the climate solutions Ghana pledged in its Nationally Determined Contribution.
“Ghana needs about USD 22.6 billion investments from domestic and international public and private sources to finance its climate actions, starting from 2020. About USD 6.3 billion is expected to be mobilized from domestic sources and USD 16.3 billion will come from international support and this is the best time for us to discuss how to mobilize more investment”, said Prof. Kwabena Frimpong-Boateng, Minister of Environment, Science, Technology and Innovation (MESTI).
The forum, DGN Online gathered, will be a platform to discuss and showcase proven climate solutions and investment-ready climate action projects to attract support from all relevant stakeholders and mobilize investments for climate action in Ghana.
“Huge investment is required to tackle climate change globally, and this calls for innovative financing especially from the private sector to accelerate climate change adaptation and mitigation actions”, Gita Welch, Resident Representative of UNDP Ghana.
Discussion at the forum will focus on:
Scaling the Need and Investment Opportunity for Low-Carbon Transition
Increasing Climate Project Flow with Innovative Finance, accelerating Private Sector Investment (in press conference format), adapting to Climate Change: Resilience, Security and Finance
Climate Action and SDGs: Engaging Enterprises to Advance Nationally Determined Contributions
Stakeholders from international/development organizations, government agencies, civil societies and academia are expected to participate in the forum.
BY DGN Online