In Côte d’Ivoire, the government is offering funding opportunities to small and medium-sized enterprises (SMEs), local authorities, civil society organisations (CSOs) and public institutions working to achieve the Sustainable Development Goals (SDGs). It recently launched a call for green projects through the Ivorian Ministry of the Environment, Sustainable Development and Ecological Transition.
Successful applicants will have a unique opportunity to present their projects at a donor roundtable on financing climate action, to be held in the West African country. Ivory Coast’s objective is to mobilise 1,000 billion CFA francs (around €1.65 billion) between 2024 and 2026 to combat climate change.
Protecting the environment
“The country’s commitments to reduce greenhouse gases (GHG) by 2030 require significant financial mobilisation in order to transform economies towards sustainability and resilience,” says Assahoré Konan Jacques, the Ivorian Minister for the Environment, Sustainable Development and Ecological Transition.
The call for applications, which closes on 15 April 2024, is in line with the Ivorian government’s strategic ambition to make Ivory Coast a hub for climate finance in Africa. With less than six years to go until 2030, the deadline set by the United Nations (UN) for achieving the MDGs, Alassane Ouattara’s country is still recording a low level of funding mobilisation, a lack of bankable projects at national level, the absence of a one-stop shop for climate action and the carbon market, and insufficient private sector investment in environmental action. Yet Ivory Coast is facing a number of environmental problems, including the disappearance of forest cover and air and soil pollution.
For more information on the call for projects on the SDGs in Ivory Coast, click here.
Inès Magoum