Sweden and Côte d'Ivoire join forces to scale climate solutions and sustainable development
The Swedish Energy Agency and the Ministry of Environment and Ecological Transition of Côte d’Ivoire have entered into a Bilateral Cooperation Agreement on emissions trading under Article 6 of the Paris Agreement. The announcement took place on the sidelines of COP31 in Antalya.
Supported by Global Green Growth Institute (GGGI), Sweden and Côte d'Ivoire are now ready to advance concrete climate projects that deliver measurable greenhouse gas emission reductions and sustainable development benefits.
– Achieving the goals of the Paris Agreement will require investment at scale and the rapid deployment of climate solutions. This agreement creates a framework for mobilising investment in climate projects that can deliver lasting benefits for people, communities and the climate in Côte d'Ivoire and beyond. We are pleased to further strengthen the partnership between our two countries, says Caroline Asserup, Director General of the Swedish Energy Agency.
Present during the announcement were H.E Abou Bamba, Minister of Environment and Ecological Transition of Côte d’Ivoire, and Mattias Frumerie, Climate Ambassador and Head of Delegation to the UNFCCC, Swedish Ministry of Climate and Enterprise. Photo: Ulrika Karlsson-Arne
Unlocking investment through article 6 cooperation
Sweden has a growing partnership with Côte d'Ivoire in areas such as sustainable transportation, renewable energy and green transition. The partnership is now being expanded to include cooperation under Article 6 of the Paris Agreement, aimed at mobilising investment in climate action and sustainable development.
– I hope that the agreement will create new opportunities for cooperation in areas such as renewable energy, says Katrin Månsson, Swedish Ambassador to Côte d'Ivoire.
The Bilateral Cooperation Agreement was developed by the Swedish Energy Agency and Côte d’Ivoire’s Ministry of Environment and Ecological Transition with support from the GGGI, a key partner of the Swedish Energy Agency in promoting green growth and climate action globally. GGGI has provided important readiness support to Côte d’Ivoire to facilitate its engagement in Article 6 cooperation and prepare for the development of future climate mitigation activities and investments through the Swedish financed Article 6 Climate Cooperation Facility (ACCTIF).
More information
Sweden’s work on carbon markets under article 6 of the Paris agreement can be found here: Article 6 of the Paris Agreement
GGGI’s work on carbon markets in Côte d’Ivoire contact: Ash Sharma, Fund Manager, ACCTIF ash.sharma@gggi.org
