Thursday, March 25, 2021 – Today, the Global Green Growth Institute (GGGI), the Government of Burkina Faso, and the Agence Française de Développement (AFD) signed a trilateral Memorandum of Understanding (MoU) to accelerate climate-resilient transition of Burkina Faso through the development of the Long–Term Low Emission Development Strategy (LT-LEDS).
LT-LEDS in the Paris Agreement are developed to provide countries with a long-term roadmap for decarbonization, which is especially useful in the context of the Nationally Determined Contributions (NDCs). However, only three developing countries have developed and submitted a LEDS to date. The Paris Agreement indicates that countries should develop and submit their LEDS before 2020 or soon after. These long-term decarbonization pathways can then be used to benchmark revised and new NDCs.
Through this MoU, GGGI, the Government of Burkina Faso, and the AFD will work together to develop a LT-LEDS in order to support the Burkina Faso Government’s ability to achieve a low carbon future and reduce its GHG emissions. Moreover, the LT-LEDS will augment the country’s ability to decarbonize its economy and provide a framework for a progressive revision and enhancement of targets under its NDC.
During the first One Planet Summit organized in Paris (December 2017), AFD committed to align its financial flows to the Paris Agreement by contributing to the establishment of low carbon and resilient trajectories.
In order to help countries, finance the Paris Agreement, AFD has established the “2050 Facility” which aims at supporting the development of long-term low-carbon and climate-resilient development strategies and accompanying the governance of low-carbon and resilient planning through stakeholder’s dialogue and capacity-building actions. The establishment of this long-term strategy is financed through this facility.
Burkina Faso was officially inaugurated as a Member of GGGI in 2018. Since then, GGGI has been supporting the country in its transition to a green growth pathway that is strong, sustainable and inclusive. This project is part of a portfolio of projects being implemented in the country and includes a range of initiatives, including the development and strengthening of MRV systems, quality control, and quality assurance procedures, as well as building the MRV capacity of key stakeholders.
Considering the impacts that COVID-19 has taken on the country and the need for a green recovery, the LT-LEDS will play a crucial role in supporting the government’s ambition to follow a low carbon and climate resilient pathway to address the current economic, environmental, and health challenges the economy faces.
GGGI was established as an international intergovernmental organization in 2012 at the Rio+20 United Nations Conference on Sustainable Development. Its vision is “a low-carbon, resilient world of strong, inclusive, and sustainable growth” and its mission “to support Members in the transformation of their economies into a green growth economic model”. GGGI does this through technical assistance to: reduce greenhouse gas emissions in line with the Paris Agreement; create green jobs; increase access to sustainable services (such as clean affordable energy, sustainable waste management); improve air quality; sustain natural capital for adequate supply of ecosystem services; and enhance adaptation to climate change.
The Agence Française de Développement (AFD) Group funds, supports and accelerates the transition to a fairer and more sustainable world. Focusing on climate, biodiversity, peace, education, urban development, health and governance, our teams carry out more than 4,000 projects in France’s overseas departments and territories and another 115 countries. In this way, we contribute to the commitment of France and French people to support the Sustainable Development Goals (SDGs).