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Published October 05, 2021 / Environment

From COP 22 to COP 26, the implementation of the Congo Basin Blue Fund

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30 September 2021 in Brazzaville - The Heads of State and Government of the member countries of the Congo Basin Climate Commission (CBCC) and the Congo Basin Blue Fund met at a summit chaired by Denis Sassou N'Guesso, President of the Republic of Congo. An introspective meeting, three years after the creation of the Commission, all the more significant as we approach the COP 26 which takes place in early November in Glasgow.

At the end of the summit, the Blue Fund governance and investment plan presented by Ernst & Young (EY) was approved, and the Banque de Développement des États de l'Afrique Centrale (BDEAC) was appointed manager of the Blue Fund financing line. Finally, the representatives of the Heads of State and Government undertook to ratify the Protocol instituting CBCC, in order to initiate the creation of the Blue Fund Start-up Unit.

 

For the record, Jean-Yves Ollivier, Founding Chairman of the Brazzaville Foundation, had presented the proposal for the creation of the Blue Fund, developed with experts from the Strategic Foresight Group and the Republic of Congo in preparation for COP 22 in Marrakech in 2016.

 

Appointed Goodwill Ambassador for the Fund by the Heads of State in 2018, Jean-Yves Ollivier is delighted to see this proposal turned into a success to ensure the preservation of the planet's second lung.

 

During the second summit of Heads of State and Government, the Brazzaville Foundation was represented by its Chief Executive, Richard Amalvy, who shared the actions taken in the framework of the operationalisation of the marketing communication and advocacy strategy developed last July in Brazzaville and the support to fundraising that will allow the financing of the project pipeline.

 

The next rendezvous for the Commission's players will be in Glasgow from November 1 to 11, 2021, for the eagerly awaited COP 26. The CBCC will take up the cause of Congo Basin preservation in its pavilion, in order to mobilize bilateral and multilateral support, as well as help from non-governmental stakeholders. Brazzaville Foundation will be present at the pavilion and will continue to carry out the mandate entrusted to it.