GGGI and AFD sign an MoU to accelerate green growth cooperation

Under the MoU, GGGI and AFD aim to expand cooperation to new areas that are critical enablers to support green growth and the mobilization of private finance to support climate action, including financial innovation to support the implementation of the Nationally Determined Contributions under the Paris Agreement and carbon market such as readiness for Article 6 of the Paris Agreement.

The agreement will also enhance cooperation in key areas such as sustainable waste management, mobility, energy, coastal resilience and the blue economy. Additionally, the partnership will support creation of green jobs and skills, and advancement of climate-resilient agriculture, sustainable forestry, and eco/agrotourism.

“ The partnership between GGGI and AFD has allowed both our institutions to join forces in support of partner countries and financial systems in their pathway to a more sustainable development,” stated Mrs. Marie-Hélène Loison, Deputy Chief Executive Office of AFD ”To name a few achievements, we have supported together the climate policy dialogues in Ethiopia, in Vanuatu, in Philippines or in Mexico, either through the elaboration of long term low carbon and resilient development pathways or with a sectoral focus such as financial systems or waste sector. These policy dialogues are instrumental to build the transitions necessary to address the climate and biodiversity challenges. Today, with the signing of this MOU, we want to bring our partnership to new heights, and to broaden its scope by introducing innovative financing schemes such as carbon credits”.   

“Collaboration is key to addressing the climate crisis. Over the past years GGGI and AFD together have collaborate successful through public private dialogue in partner countries in the delivery of Long-Term Low Emission Development Strategies (LT-LEDS) in multiple countries in Africa, the Pacific. This is a critical step in supporting nations to establish pathways that align their development trajectories with both low-carbon and climate-resilient futures,” Mr. Sang-Hyup Kim, Director-General of GGGI, said. “I look forward to continuing our collaboration to address the climate crisis in a way that drive impactful efforts.” Mr. Kim added.

Moving forward, GGGI and AFD will advance the collaboration through joint advisory services and publications, including green investment and feasibility studies. It will also continue to prioritize capacity-building programs and knowledge sharing on innovative green solutions.   

About Agence Française de Développement (AFD)

Agence Française de Développement (AFD) implements France’s policies in development and international solidarity. Our various activities include financing for the public sector and NGOs, studies and research publications (AFD Publications), training on sustainable development (Campus AFD), and awareness-raising in France. In this way, we finance, support, and accelerate transitions towards a more just and sustainable world. Alongside our partners, we build shared solutions with and for the people and regions where we operate. Our teams are involved in more than 2,700 projects in the field, in 120 countries and French Overseas Territories. This work to protect global public goods (climate, biodiversity and peace, gender equality, education and healthcare) is our contribution to the commitment of France and the French people to achieving the Sustainable Development Goals (SDGs).

For a world in common.

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For more information, visit : https://www.afd.fr/en 

Contact Presse :

_afdpresse@afd.fr

About the Global Green Growth Institute (GGGI)

The Global Green Growth Institute (GGGI) was founded as a treaty-based international, inter-governmental organization in 2012 at the United Nations Conference on Sustainable Development. GGGI supports its Member States in transitioning their economies toward a green growth model that simultaneously achieves poverty reduction, social inclusion, environmental sustainability, and economic growth. With 49 Member States and 29 Partner countries and regional integration organizations in the process of accession, GGGI delivers programs and projects in over 51 countries. GGGI's work contributes to its Member States’ efforts to fulfill the Sustainable Development Goals and the Nationally Determined Contributions to the Paris Agreement. 

Currently, GGGI is implementing over 10 projects funded by AFD as the resource partner. These projects are across regions including Africa, Asia, Caribbean, and Pacific. These also span multiple thematic areas, covering green investment, climate-resilient agriculture, the circular economy, and sustainable solutions in forestry, mobility, energy, and industries- all aligned with GGGI’s Programmatic Solutions.     

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For more information, visit:  https://gggi.org

(GGGI Seoul HQ)

Mona Laczo, Communications & Knowledge Sharing Unit Head

+82 10 9530 0358 

mona.laczo@gggi.org