GGGI Strengthens its Partnership with Paraguay

The Republic of Paraguay is redoubling its efforts to reduce the country’s vulnerabilities to climate change, take action to slash its greenhouse gas emissions, and contribute to achieve its Nationally Determined Contribution (NDC) under the Paris Agreement on Climate Change.

H.E. Horacio Cartes, outgoing President of the Republic of Paraguay has reaffirmed his country’s commitment for the implementation of the Paris Agreement, and is urging all countries, in particular those with greater responsibility for greenhouse gas emissions, to take all necessary measures to preserve the planet from the consequences of global warming.

Paraguay, a champion of the Global Green Growth Institute (GGGI), has initiated concrete discussions with the organization on collaboration to mainstream green growth and climate change, in the context of its National Development Plan 2030 through policy and investment work. GGGI is visiting Paraguay’s capital, Asuncion, to identify areas of joint collaboration.

A stronger partnership between Paraguay and GGGI is focused on expanding the role of renewable energy in the country’s energy supply mix, and thus aimed at reducing Paraguay’s greenhouse gas emissions and contributing to Paraguay’s NDC under the Paris Agreement, enhancing access to water and sanitation, and waste management to achieve Sustainable Development Goals, particularly poverty reduction and inclusive economic growth.

Paraguay has a wealth of natural resources and can benefit from renewable energy to spur economic growth through a clean and efficient energy supply system. At the same time, Paraguay is working to increase resilience, enhance livelihoods of its vulnerable households and reduce forest cover loss in environmentally sensitive areas of the country’s regions.

Paraguay is fostering closer collaboration with global climate financing institutions to access greater resources, knowledge and green growth concepts to implement its ambitions to create a green and efficient economy.