Togo adopts a green budget for the first time

Public Management
Wednesday, 27 March 2024 20:14
Togo adopts a green budget for the first time

(Togo First) - Togo has implemented for the first time a green budget. The budget stands at CFA118.2 billion per year and represents 5.41% of the national budget for 2024, which stands at CFA2,179 billion. 

The forecast green budget will help sustain measures to mitigate climate change and protect the environment. In detail, CFA96 billion will be allocated to climate change mitigation, and CFA22 billion to environmental protection.

The green budget will focus on adaptation, mitigation, biodiversity improvement, facilitating access to water, combating pollution, and waste management. About 56% of the green budget, CFA66 billion, will be invested in climate change adaptation, while nearly CFA30 billion, or 26% of the allocation, will help mitigate climate change’s effects.

Among others, the green budget will finance projects that aim to increase forest cover to 26% of the territory by 2030 through the restoration of 1.4 million hectares of degraded forest landscapes and the planting of 1 billion trees by 2030.

Various socioeconomic development projects will also be carried out. These will focus on helping vulnerable populations be more resilient to climate change and its impacts.

Initially, the green budget will be shared across nine ministries. However, in the future, it will extend to 22 other ministerial departments and 12 state institutions until the whole central administration is covered. 

Esaïe Edoh

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