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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 governance scheme and investment plan of the Blue Fund presented by Ernst & Young (EY) was approved and the Development Bank of Central African States (BDEAC) was appointed manager of the Blue Fund's financing line. Finally, the representatives of the Heads of State and Government undertook to ratify the Protocol establishing 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 of 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 second lung of the planet.

 

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 appointment for the Commission's stakeholders will be in Glasgow from November 1 to 11, 2021 for the expected COP 26. The CBCC will carry the cause of the preservation of the Congo Basin in its pavilion, in order to mobilize bilateral and multilateral support, as well as assistance from non-governmental stakeholders. The Brazzaville Foundation will be present on the pavilion and will continue to carry out its mandate.