Cote d’Ivoire: National Climate Finance Platform for the Private Sector kick-off meeting

On February 17, the Global Green Growth Institute (GGGI) and the Ministry of Environment and Sustainable Development (MINEDD), under the Green Climate Fund (GCF) readiness program, organized the Kick-off meeting of the National Climate Finance Platform for the Private Sector in Côte d’Ivoire. The event featured the effective launch of the platform, with the NDA as the coordinating body, to discuss, the mission and attributions of the platform, the establishment of the Thematic workgroups and the biannual actions plan.

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. This Readiness project also aims to support the private sector in developing projects and increase investment in climate change. 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 project will, therefore, ensure the engagement of the private sector, and enable private sector project development for potential funding from Green Climate Fund.

The kickoff meeting benefitted from the participation of 32 members physically and 5 online 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).

The objective of this meeting was to officially launch the activities of the platform, as well as the different proposition of thematic workgroups the actions plan and the next stages to the implementation of the activities.

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 opening remarks of the meeting were made by Mr. Bakary MAGUIRAGA, Vice-President of the Chamber of Commerce and Industry of Cote d’Ivoire, to thank the participants and partners for attending the meeting and for their seriousness on making this platform work for the private sector to play his role in fight against Climate Change. He ended by congratulate and thank GGGI for making this platform a reality and this meeting happen.

The Climate Finance Expert Mr Alpha Diallo presented briefly the missions and attributions, and the main bodies of the platform. He has also presented the proposed workgroups with which the activities will be started and the proposed actions plan for the next two years.

At the end of the workshop, the GCF GGGI readiness project coordinator, Dr. Nicaise Aman gather participants recommendations and suggestions for the next step in the implementation of the operationalization of the structured platform on the Green Climate Fund at the national level. The summarized conclusions emphasized the need for a meeting of strategic body of the platform to validate the first workgroups goals and activities.

The closing remarks of the kick off were given by Mr. Phillipe KOUADIO, the new Focal Point of the Green Climate Fund, to thank the participants for their presence at the meeting and officially open the activities of the platform.