the private sector is invited to seize climate finance resources

(Ecofin Agency) – On November 2022, the 27thème an international climate conference will be held in Egypt to focus on decisions made by governments, in the context of the energy transition. Meanwhile, Côte d’Ivoire is hosting another conference also dedicated to ecology.

A business forum on climate finance was held on Tuesday, May 10 in Abidjan, as part of the Cop15, which opened a day earlier. The Minister of Commerce, Industry and SME Promotion, Souleymane Diarrassouba (photo), who chaired the forum, invited the private sector to take part in the ecological transition and play their role as creators of emplois.

« In addition to the public sector, private sector actors and especially SMEs and large enterprises are called upon to play their part in the ecological transition, in a measure where they occupy a leading place in job creation and wealth creation. », He said.

In Côte d’Ivoire as elsewhere in Africa, there is a need to prevent climate change and the degradation of natural resources and, in parallel, the obligation to ensure social development and decent work for all. Standard Chartered’s latest report stated that ” emerging markets must receive $ 94,800 billion in additional transition funding ».

This is based on the fact that the minister is calling for funding which, according to him, presents itself as a solution to the challenge of the energy transition.

« The recourse to the mobilization of green funds to finance the economic development of our countries seems to be a panacea. In this sense, the international community recommends the adoption of sustainable development, the green economy and the circular economy. ”Explained the minister.

This forum on climate finance was held during the second day of COP15 which is a conference on the fight against desertification. It opened on Monday, May 9 in Abidjan, in the presence of several heads of state, to try to take concrete action in the face of rapid land degradation and its devastating consequences for biodiversity and populations.

Abdoullah Diop |


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