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Saturday, February 4, 2023

COP26: Ghana signs unto LEAF Coalition

Ghana on 3rd November 2021, made a great leap in Glasgow, Scotland by signing unto the Lowering Emissions by Accelerating Forest finance (LEAF) Coalition at the ongoing United Nations Climate Change Conference, COP, 26. The West African country was among five countries who successfully signed unto the LEAF Coalition.

The LEAF Coalition’s goal to halt deforestation by financing large scale tropical forest protection. In 2021, the Coalition mobilized $1bn in financing, kicking off largest-ever public-private efforts to protect tropical forests. Other countries that made the cut were Costa Rica, Ecuador, Nepal, and Vietnam.

LEAF Coalition transactions are conditioned on the ability of a jurisdiction to demonstrate compliance with the requirements of v2.0 (or other applicable version) of The REDD+ Environmental Excellence Standard (TREES) developed by ART and the terms of the Call for Proposal issued on April 22, 2021.

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Countries which have registered under ART-TREES will by this siginig generate ART credits to comply with the LEAF and also more generally, participate in carbon markets.

Speaking during the signing event, Ghana’s Minister for Lands and Natural Resources Lawyer Samuel Abdulai Jinapor revealed that the “aggressive afforestation” currently underway in Ghana is evident of the government’s commitment to protecting the forest, “and are also embarking on efforts to reclaim our degraded lands.”

“We have declared 11th June each year as “Green Ghana Day”, where all citizens and foreigners living in Ghana are encouraged to plant at least one tree,” Mr Jinapor told the gathering.

The Lawmaker also revealed that there are efforts to co-opt citizens into the Green Ghana Day programme for sustainability.

“Preparations are being made for the country to plant at least twenty million (20,000,000) trees on Green Ghana Day”  and all this is to inculcate in Ghanaians the culture of tree planting as a means of restoring the lost forest cover, and to contribute to the reduction in emissions.”

He acknowledged the inability of governments to mobilize the amount required to reverse the climate crisis “This is why the LEAF Coalition is so crucial to our fight against climate change.”

“The commitment of President Akufo-Addo and his government to lead Ghana in contributing to the global efforts to come to grips with the existential crisis of climate change is total and unwavering,” he added.

Call to action

Emergent invites all corporate climate leaders to participate in the LEAF Coalition. LEAF welcomes participation by any company that meets its high-bar criteria of commitment to science-based emission reductions in their own value chains, backed by mid-century net-zero targets. For companies, LEAF provides an opportunity to accelerate their climate commitments through high-integrity tropical forest protection, while making history by joining the largest public-private effort ever assembled to end tropical deforestation. Please contact [email protected] to join our coalition of climate leaders.

www.zamireports.com | Ghana.



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