Recognizing the challenge of financing Côte d’Ivoire’s climate change mitigation and adaptation actions, the Government of Côte d’Ivoire has initiated and implemented programs to access climate finance and mobilize investments in climate projects, including capacity building to engage effectively with the GCF over the long- term. The objective of this meeting was to provide the opportunity to the project as a whole (National GCF Platform), as well as the different stages leading to the establishment of the Platform. The virtual workshop benefitted from the participation of 33 members from Private Sector Associations Public Institutions (PI) Entities Accredited (EA) to the Green Climate Fund Entities Accredited (EA) to other Climate Funds (EA), and other Technical and Financial Partners (PTF).
This project will, therefore, ensure the engagement of the private sector, and enable private sector project development for potential funding from Green Climate Fund. Private investors are not only important for their role in financing climate change mitigation and adaptation in Côte d’Ivoire, but also for the information and insights they can provide, as well as the expertise and agility they can bring to project development and implementation.
This Readiness project also aims to support the private sector in developing projects and increase investment in climate change. GGGI is assisting the Republic of Côte d’Ivoire to adopt the transition model for green growth (aligned with and beyond the scope of this GCF Readiness project), by supporting the management of the implementation of strategic projects and programs. The event featured the establishment of the platform, with the NDA as the coordinating body, to discuss the Country Programme priority areas with AEs, the private sector, and other partners. On June 30, the Global Green Growth Institute and the Ministry of Environment and Sustainable Development (MINEDD), under the Green Climate Fund (GCF) readiness program, organized a Virtual Kick-off Workshop on the National Climate Finance Platform for the Private Sector in Côte d’Ivoire.
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