Ghana’s Minister of State for Climate Change and Sustainability, Honourable Issifu Seidu, has reaffirmed the country’s commitment to practical climate action during the side event on grounded delivery in climate vulnerable nations, organised by the CVF V20 at COP30 in Belem, Brazil.
Speaking on the role of country platforms, he underscored Ghana’s leadership as host of the CVF V20 Secretariat and shared progress on the update of the Ghana Climate Prosperity Plan.
He noted that the plan is being refined to keep the country aligned with the 1.5 degree Celsius target set under the Paris Agreement while taking advantage of declining costs in renewable energy, transport and energy efficiency solutions.
He highlighted key elements of the updated plan, including the introduction of a Practice and Innovation Exchange that will support members to share knowledge, programmes and business models in a trusted space.
He also reaffirmed Ghana’s efforts to mobilise domestic and regional private sector partners through equity support and project preparation assistance, with grants directed to the most vulnerable.
He added that Ghana remains committed to country led and direct access approaches and is avoiding the creation of new institutions. Ghana is also positioning itself to host a regional Green Climate Fund office, leveraging the presence of the CVF V20 Secretariat in Accra.
He thanked partners Bangladesh, Bhutan, The Gambia, Jamaica and Haiti for their contributions and reiterated Ghana’s commitment through the CVF V20 Troika to coordinate efforts, mobilise fair finance and drive delivery on the ground.
He concluded that the new Practice and Innovation Exchange will help codify effective models for governments, small businesses and investors to reduce costs, build capacity and unlock capital.
Source: www.climatewatchonline.com
