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UAE inks USD 30 mn climate partnership with Ghana: The UAE signed a USD 30 mn biodiversity and climate agreement with Ghana to invest in biodiversity, climate solutions, and nature-based community development in the African nation, according to a press release.
The details: Emirati Climate Change Minister Amna bint Abdullah Al Shamsi, and Ghana’s lands and natural resources minister, Samuel Abujinabo, inked a letter of intent outlining six key areas of investment. The focus will include biodiversity corridors, reforestation, and agroecology. The two nations will discuss the projects further at Cop29 next year and Cop20 in 2025.
What they said: “Any effort to solve deforestation is both human and capital intensive. Even though Ghana is receiving carbon payments, there exist critical implementation gaps that need to be filled with other financial instruments to generate more emission reductions,” Abujinabo said. “This is what our partnership with the UAE represents,” he added.
