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2 clusters · 4 sources · 2 days · First seen 18 days ago · Last updated 16 days ago

Côte d'Ivoire climate finance and reforestation initiatives

Overview

Côte d'Ivoire is implementing climate finance and reforestation strategies through community-level distributions and large-scale mobilization efforts.

Under the World Bank-sponsored REDD+ strategy, the Ministry of Environment distributed over 62.8 million FCFA in carbon credits to villages in the southwest, including Gnato, Bliéron, and Pimé. These funds reward communities for establishing a 1,059-hectare natural reserve near Taï National Park to prevent land conversion for agriculture. The payments are intended for local development projects such as fish, poultry, and pig farming.

To further its environmental goals, the Ministry signed a memorandum of understanding with TeraVert to assist in mobilizing financing for major climate projects. This includes a $500 million integrated program focusing on the agriculture-forest-energy-waste-finance nexus in central and northern Côte d'Ivoire. The partnership also supports ‘Veille Verte’, a $10 million digital system for real-time environmental incident reporting by citizens.

Entities

World Bank · Côte d'Ivoire · UMOA-Titres · Abou Bamba · Taï National Park

Timeline

16 days ago

[POLITICS] 2 sources
Côte d'Ivoire advances climate finance and reforestation initiatives
Côte d'Ivoire is distributing carbon credit payments to local villages and partnering with TeraVert to mobilize hundreds of millions of dollars for national climate and reforestation projects.
18 days ago

[BUSINESS] 3 sources
Togo and Côte d'Ivoire conduct major regional debt operations
Togo raised 22 billion FCFA via a highly oversubscribed bond issuance on the regional market, while Côte d'Ivoire repurchased 414.93 billion FCFA in treasury securities to manage its public debt.

Sources

abidjantv.net · bosak.blog.sme.sk · sentv.info · yeclo.com