To combat climate change, Canada has pledged $20 million to four West African countries, including Ghana.
Liberia, Gambia, and Togo are the other nations.
Within a four-year period, the money will be used to help the beneficiary nations improve the capability of their national climate monitoring, reporting, and verification (MRV) systems.
This was stated by Canada's Minister of Environment and Climate Change, Steven Guilbeault, during a meeting in Accra last Friday with Ghana's Minister of Environment, Science, Technology and Innovation, Dr Kwaku Afriyie, and a Deputy Minister of Lands and Natural Resources, Benito Owusu-Bio.
Mr. Guilbeault was in Ghana on a three-day official visit.
MRV (Multi-Role Vehicle) systems
Because they provide governments with clear, reliable, and comparable information on emission sources, MRV systems are critical stages in developing strong and successful mitigation policies and measures.
Mr Guilbeault stated that NovaSphere, a Canadian non-profit organization, was in charge of the Canadian climate financing initiative. NovaSphere assists countries in tracking carbon reduction progress as they move toward attaining their Paris Agreement commitments.
NovaSphere, he added, will provide targeted technical and financial assistance for climate governance to help build the ability needed to construct successful MRV systems as well as promote multi-sectoral cooperation.
It will also assist and enable "partner nations to scale priorities and attract investment at levels required to implement their own NDCs, improve ambition, and achieve transformative change," according to Mr Guilbeault.
"Both Canada and Ghana are forging strong ties with the common objective of combating climate change, biodiversity loss, and pollution," he continued.
The continuous co-leadership of the two nations to ratify a new legally binding global agreement on plastic pollution at the UN Environment Assembly, he added, has reinforced the cooperation (UNEA).
"This journey has improved Canada's engagement with Ghana and increased our understanding of how best to help developing countries in their efforts to mitigate and adapt to climate change," Mr Guilbeault said.
In 2021, Canada declared that it will double its international climate financing contribution to $5.3 billion over five years, in support of the Paris Agreement's goals.
Clean energy and coal phase-out, climate-smart agriculture and food systems, nature-based solutions, biodiversity, and climate governance will be the four key topics of focus.
Stakeholders
During his visit, Mr Guilbeault met with Dr Akinwumi A. Adesina, President of the African Development Bank, to discuss climate finance and the role of multilateral development banks in this area.
He also spoke with representatives from UN agencies and the World Bank, who gave him further insight into how international organizations were assisting West African green economic growth.
blogpay
