Togo Unveils Green Fund and Initiatives at COP31 in Antalya

The Togolese government has participated in the 31st Conference of the Parties (COP31) in Antalya, Turkey, where it represented the voices of the least developed countries. The delegation launched three initiatives aimed at attracting green investments to support the country's climate goals. These initiatives focus on mobilizing financing for Togo's nationally determined contribution (NDC) and fostering partnerships with vulnerable communities.

The Togolese delegation emphasized three priorities alongside other least developed countries: climate financing, adaptation, and addressing loss and damage. On the sidelines of the negotiations, meetings with donors, investors, and international institutions were held to promote Togo's national portfolio of green projects. These projects aim to support the country's transition to a low-carbon economy and promote sustainable development.

One of the key initiatives launched by Togo is the Green Fund, a national fund that will mobilize and channel climate financing. The fund will co-finance public and private projects, facilitate access to the Green Climate Fund, and develop innovative tools, including a carbon market. The Do Well Do Good cabinet is supporting this initiative, which is expected to play a crucial role in Togo's climate action efforts.

Another initiative launched by Togo is the national carbon registry, a digital platform that will enable the country to valorize its emission reductions on the carbon market. The registry is being developed in partnership with the Terraviva-A6Lab consortium and is compliant with the Paris Agreement. This platform will help Togo to better track and manage its greenhouse gas emissions and generate revenue from carbon credits.

The third initiative launched by Togo is the "Togo Zéro Déchet" (Togo Zero Waste) program, which aims to promote a circular economy, waste valorization, and green entrepreneurship. The program will establish pilot territories and build on the momentum from the African forum on zero-waste territories held in Kpalimé in October. This program is expected to create new economic opportunities and jobs while reducing waste and pollution.

The Togolese government's goal is to turn climate action into an opportunity for investment and job creation, while promoting resilient and low-carbon development. The country's efforts to attract green investments and support vulnerable communities are critical in the context of the COP31 negotiations. Togo's initiatives are expected to contribute to the global effort to address climate change and promote sustainable development.

The launch of these initiatives demonstrates Togo's commitment to addressing climate change and promoting sustainable development. The country's experiences and lessons learned can inform the efforts of other countries, particularly in the region, to address similar challenges. As the world continues to grapple with the impacts of climate change, Togo's initiatives offer a promising approach to promoting green investments and supporting vulnerable communities.

Key points

• Togo launched three initiatives, including the Green Fund, national carbon registry, and Togo Zéro Déchet program, to attract green investments and support vulnerable communities.