The Klick Foundation has pledged $850 million for six projects in Ghana aimed at reducing carbon emissions by six million tonnes and creating 7,000 jobs by 2023.
These projects focus on green technologies in various sectors and are expected to bring health benefits, especially for women and children, while advancing Ghana’s innovation ecosystem.
This investment aligns with Ghana and Switzerland’s climate agreement, aiming to reduce carbon emissions and drive investments in climate mitigation technologies.
The Klick Foundation has allocated $850 million for six carbon reduction projects in Ghana, with $700 million directly invested in the projects, $30 million going to government fees, and an expected $150 million generated from carbon credit revenue.
These projects cover green technologies in sectors such as air conditioning, cooking, energy, mobility, composting, and agriculture.
The foundation aims to support sustainability by investing in climate mitigation and acquiring carbon credits.
Their collaboration with local stakeholders and the Ghanaian government is highlighted through partnerships and capacity building programs for project developers.
The Klick Foundation has pledged $850 million for six carbon reduction projects in Ghana, aiming to cut emissions by six million tonnes and create 7,000 jobs by 2023.
These projects cover various sectors including green cooling, clean cooking, renewable energy, electric mobility, composting, and sustainable agriculture.
They also offer health benefits, particularly for women and children, and support Ghana’s innovation ecosystem.
The foundation’s investment aligns with a climate agreement between Ghana and Switzerland, focusing on climate mitigation technologies and reducing carbon emissions.
The projects are expected to significantly reduce carbon emissions by six million tonnes by 2023.
The investment aligns with the Paris Agreement’s Article 6.2, encouraging joint efforts for climate change mitigation and socio-economic progress.
The projects span various sectors, offering health benefits, especially for women and children. They aim to engage the private sector in climate action, create jobs, and ensure all stakeholders benefit from the carbon market.
Ghana has established regulatory frameworks and infrastructure to participate effectively in the global carbon market, further supporting the foundation’s investment.
The Ghana Energy Development and Access Project (GEDAP) is a joint effort between the Ghanaian government and international institutions to improve the country’s electricity sector.
It focuses on enhancing institutional performance, electricity distribution, and increasing renewable energy usage.
GEDAP includes plans to deploy PV systems to schools, hospitals, and off-grid communities, with financial support for appliance purchases.
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The government also announced an Energy Transition Plan to achieve universal energy access and net-zero greenhouse gas emissions, with support from Sustainable Energy for All and Bloomberg Philanthropies.
Ghana aims to make renewable energy 10% of its energy supply by 2030 and provide universal electricity access.
The African Development Bank (AfDB) is supporting these goals with a $27.39 million grant for renewable energy investments in mini-grid and net metering systems in the Volta Lake region.
Successful community development initiatives prioritize empowering local businesses, fostering entrepreneurship, and supporting artisanal industries to stimulate economic growth and job creation.
They also focus on inclusive economic development to ensure benefits reach all community members, including marginalized groups.
These initiatives aim to create a more equitable world where everyone has equal opportunities to prosper.
By investing in these initiatives, communities can improve access to education, healthcare, and overall living standards.
