Ghana’s Minister of Energy and Green Transition, Mr. John Abdulai Jinapor, said that the country had obtained $1 billion for climate financing.
The funding will be utilized for important initiatives, such as the Forest Carbon Partnership Facility (FCPF), the Scaling-up Renewable Energy Program (SREP), and the creation of a project pipeline via the Ghana Climate Innovation Center and the Green Climate Fund (GCF), he said.
A number of high-impact initiatives to speed up sustainable energy are also anticipated to be delivered by the nation’s recently approved five-year Renewable Energy and Green Transition Action and Investment Plan, according to Mr. Jinapor.
During a forum hosted by the University of Energy and Natural Resources (UENR) in Sunyani, the sector minister made this statement, which was delivered on his behalf by Mr. Seth A. Mahu, the Ministry’s Director of Renewable Energy and Green Transition.
According to Mr. Jinapor, the investment plan was based on the Renewable Energy Master Plan and the National Energy Transition Framework, which implemented significant projects like installing electric vehicle superchargers along major highways, installing smart solar street lighting, and increasing the capacity of renewable energy to at least 1,400 megawatts.
The plan also aims to electrify the entire country, with 99.98 percent of people having access to energy by 2030.
As it progresses to become a world-class university, the university arranged the forum to commemorate its International Day Celebration in order to consider its accomplishments and fortify its international cooperation.
Its theme, “Promoting Internationalization, Visibility, and Impact through Diversity and Inclusion,” pays homage to the strength of partnerships in generating significant progress, the role and visibility of diversity in promoting inclusion, and the power of diversity in fostering inclusion. Mr. Jinapor clarified that in order to foster innovation, research, and development, unlock private resources, and assist transformative projects, the government has established the Renewable Energy and Green Transition Investment Fund.
“The nation’s energy transition is not only technological but fundamentally human,” adding that “no transition can be truly sustainable without the skills, institutions, and innovation ecosystems that drive it forward,” he said.
Mr. Jinapor stated that the country was working with foreign partners, such as the World Bank and the International Solar Alliance, to build capacity and create Centers of Excellence that would concentrate on creating human capital for the energy transition.
In order to provide young people with skills in renewable energy, electrical systems, green construction, and clean mobility, he added, the government was also investing in technical and vocational education. He said that a few training facilities were being transformed into regional centers for green technologies.
Principal Export Development Officer of the Ghana Export Promotion Authority (GEPA), Miss Linda Serwaa Mensah, stated that the country must take a strategic and forward-looking approach for competitive, value-driven international trade because the global economic landscape is changing.
According to her, the nation’s export portfolio reached a growing number of international markets and included a wide range of goods and services, from manufactured goods, agribusiness, and processed industrial inputs to arts and crafts and service-based offers.
According to Ms. Mensah, educational diplomacy continues to be a driver of economic expansion, and the UENR must establish and fortify global alliances and promote cross-border cooperation.
Joint research projects, student exchange programs, and international academic collaborations are examples of initiatives that would boost the country’s soft power and create new opportunities for investment and commerce.
Source: newsthemegh.com