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Wednesday, August 17, 2022
OUAGADOUGOU, Jun 22 2018 - “Financing NDC Implementation in the Energy Sector” will feature in an upcoming regional capacity development workshop at Hôtel Royal Beach in Ouagadougou, Burkina Faso on June 26-28. The upcoming workshop will be attended by representatives of Burkina Faso, Côte d’Ivoire, The Gambia, Guinea, and Senegal.
High profile technical input
The workshop is co-organized by the Government of Burkina Faso, in collaboration with the Global Green Growth Institute (GGGI), the International Renewable Energy Agency (IRENA), and the Green Climate Fund (GCF).
H.E. Dr Bachir Ismaël Quedraogo, Minister of Energy of Burkina Faso and H.E. Mr. Nestor Batio Bassiere, Minister for Environment, Green Economy and Climate Change of Burkina Faso will officiate the opening sessions.
Participants, including technical government officials, private sector, private finance, and academia working in the energy sectors, will gain skills in developing realistic strategies based on knowledge and tools for effective implementation of Nationally Determined Contributions (NDCs) the five countries ratified under the 2016 Paris Agreement.
Best practices and regional cooperation
All five countries have made significant progress toward meeting their NDCs to cutting emissions in the energy sector. The workshop will provide cross-country lesson learning and best practices sharing platform exploring the renewable energy opportunities and associated challenges in the region. Senegal, for example, has experience of the development of innovative financing mechanisms through the renewable energy and energy efficiency fund.
To build on these lessons, the training workshop will explore how regional cooperation and further private and public-sector efforts in the five countries can meaningfully contribute to their climate goals through policy instruments and investment.
Capacity development in the sector is central to the achievement of this goal.
This includes capacity in designing packages of enabling policies in NDCs, strategies for financing NDCs of the energy sector, the current state of financial flows in support of NDCs, mainstreaming NDC implementation into national budgets, tracking and monitoring NDC progress, centralized and decentralized energy solutions, relevant Paris Agreement provisions, and encouraging private sector engagement.
Project pipelines and high-quality project proposals
The workshop will share knowledge on development of NDC implementation plans, ensuring clear linkages with the Sustainable Development Goals (SDGs).
A key goal will be to identify the capacity needs of national development agencies and national/regional direct access entities to enable them to develop project pipelines and submit high quality project proposals to GCF, which will outline its financing requirements during the workshop.
About the Global Green Growth Institute (GGGI)
Based in Seoul, GGGI is an intergovernmental organization that supports developing country governments transition to a model of economic growth that is environmentally sustainable and socially inclusive.
GGGI delivers programs in 27 partner countries with technical support, capacity building, policy planning & implementation, and by helping to build a pipeline of bankable green investment projects.
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