Training workshop on the report of the national financial vehicle to promote green building in Cote d’Ivoire

On April 5th, 2023, GGGI Cote d’Ivoire held a training session aimed to present the results of the implementation framework for the operationalization of a national financial vehicle focused on green buildings and infrastructures in Côte d’Ivoire (NGBIFV). This workshop was facilitated by the Africa Regional & Country offices.

The objective of the NGBIFV was to facilitate access to lower-cost, longer-term financing for the purchase of green building components to reduce GHG emissions in the construction sector.

This workshop aimed to:

  • Make an inventory of green buildings in Côte d’Ivoire;
  • Present the components of green buildings and the results of field surveys and consultations;
  • Present the potential areas of investment and opportunities for the construction sector;
  • Present an overview of the financial vehicle;
  • Identify next steps.

This meeting mobilized around 50 participants, mainly the stakeholders concerned by the implementation of the project, various technical departments of the public sector, the Designated National Authority, the civil society, the financial sector, and the construction sectors.

In 2015, Côte d’Ivoire estimated that under the “business as usual” scenario, the building sector would generate in 2030 a quantity of GHGs equal to 1690.34 ktonnes of CO2 equivalent. It then undertook actions to reduce this quantity to 1175.02 ktonnes of CO2 equivalent by 2030 (INDC-CI, 2015). Although construction has been combined as an energy sub-sector in the revised 2022 NDCs, the objective of reducing GHG emissions in construction remains a priority for the Government of Côte d’Ivoire. However, under the effect of its growing population, urbanization is accelerating and more than 50% of the inhabitants currently live in urban areas (MDP, 2022).

It is therefore important to implement strategies that take into account both the satisfaction of housing and infrastructure needs and the mitigation of GHG emissions; while creating a financing framework that is bearable for populations and profitable for investors.