Liberia’s strive to reduce national emissions and adapt to the impacts of climate change has been recognized as the Government of Liberia has been shortlisted for the 2022 Africa Nationally Determined Contribution (NDC) Investment Awards for having ambitious investment projects that will contribute to its commitment to the Paris Agreement.
Liberia submitted her revised NDC in 2021 committing to reduce economy-wide greenhouse gas emissions by 64 percent below the projected business- as- usual level by 2030.
The country’s revised NDC was constructed from GHG mitigation targets across nine key sectors including agriculture, forests, coastal zones, fisheries, health, transport, industry, energy, and waste as well as cross-cutting targets for urban green corridors.
It also includes climate change adaptation targets for all sectors except industry.
Interestingly, the Africa Investor a leading international investment group at the African Heads of State and Government-Institutional Investor Climate Finance Dialogue held at the margins of the High-Level Segment of the 77th Session of the UN General Assembly in New York announced that Liberia has been shortlisted for the 2022 Africa NDC Investment Awards for putting forward some of the best investment opportunities that will achieve and contribute to the NDC commitments of the Paris Agreement.
Liberia’s NDC is among the 100 best shortlisted NDC projects announced.
Africa Nationally Determined Contribution Investment Awards were launched in June 2022 at the Commonwealth Heads of Government Meeting in Kigali.
Sponsored by the African Green Infrastructure Investment Bank (AfGIIB), the awards are the first of their kind designed to recognize achievements across the main NDC project sectors and reward the governments, institutions, and individuals driving transactions and improving the investment readiness of Africa’s NDC projects requiring US$3trn of investment by 2030.
The NDC Investment Awards Ceremony will take place on the 8th of November 2022, in collaboration with the host partners, the African Green Infrastructure Investment Bank at COP27 in Sharm El Sheik, Egypt.
Dr. Hubert Danso, Chairman of the Africa Investor Group and Chair of the NDC Investment Awards Adjudication Panel said “we are very excited about this new set of Africa investor Awards for African NDC project sponsors, developers, financiers, and investors.”
He disclosed that they are also happy with the caliber of shortlisted candidates, comprising 100 projects, representing $32bn of NDC financing and investment opportunities, from 43 African countries and all 5 African sub-regions.
“This growing community of leaders is critical to the continent mobilizing the required $3trn of green investment by 2030, to pursue Africa’s NetZero aspirations,” Dr. Danso said.