• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Carbon Market: Ghana’s ambitious green agenda unlocks $850 million investments

2 years ago
in Business, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
1
192
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Carbon Market: Ghana’s ambitious green agenda unlocks $850 million investments 

Ghana’s Ministry of Environment, in collaboration with international partners, has successfully unlocked a staggering $850 million in investments, catalyzing the nation’s green transformation until 2030.

The secured $850m investments are per the country’s efforts in the implementation of Article 6 bilateral voluntary cooperation of the Paris Agreement.

According to the Minister for Science and Environment, Dr Kwaku Afriyie, a total of twelve projects are currently in development under the Ghana-Switzerland agreement, a testament to the nation’s commitment to sustainable practices.

Notably, eight of these projects have reached crucial investment decision points, paving the way for the injection of approximately $850 million. This substantial capital infusion is derived from a mix of direct investment, carbon revenues, and fees, underscoring the diverse financial instruments leveraged to drive Ghana’s green agenda.

The anticipated outcomes of these investments are nothing short of transformative as projections indicate the creation of a minimum of 7,000 green jobs, alongside commendable environmental gains, including the saving of 6 million tonnes of greenhouse gas emissions. These projects span critical sectors such as clean cooking, renewable energy, electric mobility, and green cooling, aligning Ghana with global efforts to combat climate change.

Crucially, the partnership between Ghana and Switzerland extends beyond bilateral cooperation. Two Article 6 projects focusing on sustainable agriculture and waste-to-compost initiatives have received the joint authorization of the Ministry of Environment and Switzerland’s Federal Office of Environment, securing a substantial investment totaling $100 million, with an additional carbon value of $29 million.

RelatedPosts

ICUMS Set to Complete Major Upgrade to Enhance System Performance

IMF Staff Mission Reaches Staff-Level Agreement with Côte d’Ivoire on EFF/ECF and RSF Programmes

Fuel Prices Set to Rise Marginally at the Pumps From Today

Furthermore, Ghana is actively engaged in five Government-to-Government (G2G) bilateral cooperative approaches, in line with Article 6.1 of the Paris Agreement. Collaborating with nations such as Sweden, Singapore, South Korea, and Liechtenstein, Ghana positions itself as a regional leader in fostering international cooperation to achieve shared climate goals.

At the core of Ghana’s ambitious green initiatives is a commitment to mitigate 64 million tonnes of greenhouse gas emissions by 2030, as outlined in its revised Nationally Determined Contributions (NDC).

However, achieving this target requires substantial financial backing, with an estimated $6.3 billion investment planned across 34 mitigation actions spanning energy, transport, industry, waste, agriculture, and forestry sectors.

A significant portion of this financial commitment, approximately $1.4 billion, is expected to be mobilized domestically to fund nine unconditional mitigation actions, aiming to achieve 25 million tonnes of emission savings.

The remaining $4.9 billion, crucial for implementing conditional measures and beyond, will be sourced from international cooperation, including participation in the carbon market.

 

Tags: Carbon marketCarbon Market: Ghana's ambitious green agenda unlocks $850 million investments in 2023green agenda

Comments 1

  1. Rev.Pius Baidoo says:
    2 years ago

    We are Oti Youth Training Empowerment and Agriculture.We are happy to join you as we also want to go into Tree planting project in Ghana.

No Result
View All Result

Highlights

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

Global Crude Exports Set to Hit All-Time High in October

BoG Raises GHS 7.74bn From 56-Day Bills at 21.4% Yield

10 Most Indebted Countries as Global Debt Soars to $150 Trillion

WAFU B U17 BOYS: Black Starlets Ease Past Nigeria to Book U17 AFCON Ticket

Trending

Business

ICUMS Set to Complete Major Upgrade to Enhance System Performance

October 1, 2025

ICUMS Set to Complete Major Upgrade to Enhance System Performance The Integrated Customs Management System (ICUMS) is...

IMF Staff Mission Reaches Staff-Level Agreement with Côte d’Ivoire on EFF/ECF and RSF Programmes

October 1, 2025

Fuel Prices Set to Rise Marginally at the Pumps From Today

October 1, 2025

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

October 1, 2025

GSE Composite Index Climbs to 8,168.35 Points on Gains in FML, ETI and SOGEGH

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.