Climate: Togo seeks to tap more into Green Climate Fund

Economic governance
Monday, 28 November 2022 11:41
Climate: Togo seeks to tap more into Green Climate Fund

(Togo First) - Lomé hosted an information meeting on the development of projects for the mobilization of climate finance, on 24 November 2022. The meeting was organized in the framework of Togo’s preparation program for accessing the  Green Climate Fund (GCF). The organizers were the Global Green Growth Institute (GGGI) and the Togolese Ministry of Environment and Forest Resources.

The workshop brought together various climate change experts and actors fighting the phenomenon. The former told the latter about strategies to raise funds they need for their environmental protection projects. Specifically, they were told the requirements needed for accessing the GCF. 

To get climate financing, notably the GCF’s funds, applicants need well-prepared projects that meet the criteria set by lenders, since the major roadblock for accessing financing is directly linked to the lack of bankable and economically viable projects, according to the resident representative of the GGGI in Togo, Benin, and Ghana, Innocent Kabenga.

A few days ago, let’s recall, Togo was at the COP27 in Egypt. There, Togolese representatives complained about the reticence of polluting countries to mobilize funds to compensate small polluters that suffer irreparable damage caused by climate change. 

Esaïe Edoh

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