Cop15 / Green business forum: Invitation to the Ivorian private sector to benefit from climate finance resources

As part of the Cop15 that opened on May 9, 2022, at the Sofitel Abidjan Ivoire, a business forum on climate finance was held on Tuesday, chaired by the Minister of Trade, Industry and Promotion of Small and Medium Enterprises.

One of the highlights was the second day (10 May) of the COP15 Conference on Desertification and Drought, which has been taking place since 9 May at the Sofitel Abidjan Ivoire, Business Forum on Green Finance. Des dizaines d’acteurs du secteur privé ivoirien, africain et de plusieurs autres pays du monde se sont retrouvés à la salle des fêtes avec des institutions nationales, régionales et internationales de la finance climatique pouror discuter ensemble de la le contribution doque pe pe private sector. This, in achieving the main challenges of this conditional. Specifically, to reduce the degradation and loss of arable land, and to intensify agricultural production while preserving forest resources.

For the Ivorian private sector, the goal was to reflect on the best strategies developed for mobilizing green finance for sustainable economic development in Côte d’Ivoire. This forum was chaired by the Minister of Trade, Industry and Promotion of Small and Medium Enterprises, Suleiman Diarsoba, who represented Prime Minister Patrick Achi.

“In addition to the public sector, private sector actors especially small and medium businesses and large corporations are called upon to play their role in environmental transformation insofar as they occupy a prominent place in job and wealth creation,” said Suleiman Diarsoba.

According to the International Labor Organization, at 21And The century faces two major challenges. On the one hand, the need to prevent climate change and the degradation of natural resources, and on the other hand, the obligation to ensure social development and decent work for all. It is, therefore, a matter of reconciling the obligatory duty to protect the environment with the inescapable need to create employment and wealth, a source of poverty reduction.

“In this, resorting to mobilizing green finance 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, green economy and circular economy.

Also, according to the United Nations, about 12 million hectares of land are lost every year, and with it, 20 million tons of grain can be produced; 1.5 billion people are affected by drought and desertification. This resulted in economic losses estimated at no less than 124 billion dollars over the past two decades.

Call of Jean Marie Aka

“In such a context, the commitment of the private sector, as a major player in this decline, to combat desertification and drought, constitutes a major challenge to the sustainable development of our economies. Because, we must remember, the agricultural sector alone produces 24% of greenhouse gas emissions and the industrial sector produces 11 %,” said Suleiman Diarsuba.

The Ivorian private sector is well aware of the situation, according to its president, Jean-Marie Aka. The gravity of the situation does not escape anyone. This is why the Ivorian private sector actors are fully committed alongside the public authorities, particularly with regard to climate commitments and the implementation of the environmental aspects of the 2021-2025 Economic Development Plan. Jean-Marie Aka explained: “We are now calling on each other to honor the funding commitments that have been made.

Ultimately, increasing the participation of the private sector in promoting intensive agriculture, while preserving environmental achievements, is necessary to ensure an adequate supply of products, and thus ensure food sovereignty, “which will contribute to the fight against high food prices,” according to Suleiman Diarsoba.

Leave a Comment