On 16th of August 2022, the Global Green Growth Institute (GGGI) in partnership with Jordan’s Ministry of Environment facilitated the fourth Private Sector Roundtable discussion, The discussions focused on the role of the private sector and identifying barriers to increasing climate finance and capacity needs on Agriculture and Water. Three ministers were presented for the discussion: the Minister of Environment, H.E. Dr. Muawieh Radaideh, Minister of Water and Irrigation, H.E. Eng. Mohammed Najjar and Minister of Agriculture H.E. Eng. Khaled Hneifat.
H.E. Dr. Radaideh emphasized on the necessity of adopting constructive policy dialogue with the private sector and strengthening its role in climate action, enhancing coordination and collaboration with all stakeholders, and intensifying national efforts to confront this phenomenon to achieve Jordan’s National Determined Contribution. And H.E. stressed that “this session is a dialogue, and through the experience of the Global Green Growth Institute GGGI, we will reach financing through the Green Climate Fund, banks and the private sector”.
H.E. Eng. Khaled Hneifat highlighted the need to build strategic partnerships with the private sector to face all the challenges facing the agricultural sector and use smart technology as an essential element to defeat climate change and follow the best, advanced, modern methods of production and investment using eco-friendly at the lowest costs material.
And H.E thanked the Ministry of Environment and the Global Green Growth Institute for organizing such a workshop that works on networking between the public sector and the private sector, thus finding appropriate solutions within the available resources.
H.E. Eng. Mohammad Najjar stressed that the average annual precipitation declination is a result of the climate change, and the ministry is working on water reuse projects through the development of wastewater treatment plants while involving many investors in the private sector to operate these plants for agricultural purpose. This also will contribute to achieving water savings and alleviating the problem of water scarcity, and the Ministry is always looking for alternative solutions to increase water resources through desalination for drinking water and irrigation.
More than 60 representatives from the agricultural and water companies, civil societies and development actors attended the discussion and raised directly to the ministers the challenges and needs of the private sector to increase climate-responsive investments. Various barriers and solutions were discussed in the areas of financial, technical, market, knowledge and awareness and regulatory frameworks.
GGGI is dedicated to green growth with an office in Amman, has been instrumental in guiding the Ministry of Environment in its capacity as the NDA, to strengthen and operationalize national mechanisms to coordinate and manage climate finance through set guidelines and operating procedures as well as creating an enabling environment to mobilize climate finance is a key part of the GCF Readiness project, which will create more opportunities for direct access to international climate finance for Jordan.
The Green Climate Fund Readiness Project “Preparing Jordan’s NDA and DAE for Partnership in Climate Action through GCF Direct Access” involves multiple consultations with stakeholders from the public sector, private sector, NGOs, civil society and development partners. Jordan will be seeking more readiness support from the GCF in the future to further develop its project pipeline and secure approval of project financing from the GCF.