Burkina Faso, June 28 – A regional capacity development workshop on financing NDC implementation in the energy sector was held on June 26- 28 in Ouagadougou, Burkina Faso. The Government of Burkina Faso, the Global Green Growth Institute, the Green Climate Fund and the International Renewable Energy Agency (IRENA) co-organized a regional capacity development workshop under the theme of Financing Nationally Determined Contribution (NDC) implementation in the Energy Sector in Burkina Faso.
The capacity development workshop provided an opportunity to discuss and share ideas and strategies for enhancing capacity for the planning of Nationally Determined Contribution (NDC) implementation and strengthening renewable energy targets and policies. Discussions revolved around increasing the role of the private sector in NDC implementation and building capacity among national development agencies (NDAs) and national/regional direct access entities (DAEs) to develop a pipeline of projects to be submitted to GCF.
The three-day workshop served as a platform for sharing knowledge on ways to develop NDC implementation plans, ensuring clear linkages with Sustainable Development Goals (SDGs), monitoring and reporting on NDC progress, and suitability for climate financing – “green investment.”
Representatives from Burkina Faso, Cote d’Ivoire, The Gambia, Guinea and Senegal discussed how renewable energy and energy efficiency projects can attract finance. They also explored ways to increase renewable energy targets in their NDC revision.
Participants, including technical government officials, private sector representatives, and academia working in the energy sectors, gained skills in developing realistic strategies based on knowledge and tools for effective implementation of NDCs the five countries ratified under the 2016 Paris Agreement.
Sessions revolved around examining energy pathways for achieving NDCs to global efforts to mitigate climate change; supporting renewable energy in African NDCs; coming up with strategies for financing NDCs of the energy sector; accessing GCF for green energy finance and discussing concrete steps for readiness and project preparation support for GCF and enhancing regional and international cooperation to reduce cost and increase NDC ambition.