{"id":1101724,"date":"2022-05-27T19:09:54","date_gmt":"2022-05-27T19:09:54","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/05\/27\/ghana-others-to-benefit-from-afdb-circular-economy-facility\/"},"modified":"2022-05-27T19:09:54","modified_gmt":"2022-05-27T19:09:54","slug":"ghana-others-to-benefit-from-afdb-circular-economy-facility","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/05\/27\/ghana-others-to-benefit-from-afdb-circular-economy-facility\/","title":{"rendered":"Ghana, others to benefit from AfDB Circular Economy facility"},"content":{"rendered":"

Accra, May 27, GNA \u2013 The African Development Bank ((AFDB) has partnered with the Government of Finland to launch a \u20ac4 million Africa Circular Economy Facility (ACEF), which is a climate change intervention designed to promote circular practices among regional members of the bank.<\/p>\n

<\/div>\n
A circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products.<\/div>\n
With support also from the Nordic Development Fund (NDF), the facility is among other things expected to create a conducive regulatory environment for the adoption of circularity among economies.<\/div>\n
It is also to enhance the capacity of private and public sector players in the field of the circular economy and create a pool of circular economy pioneers.<\/div>\n
According to the United Nations Conference on Trade and Development (UNCTAD), a circular economy entails markets that give incentives to reuse products, rather than scrapping them for new resources.<\/div>\n
It is intended to not only protect the environment but also promote the judicious use of natural resources to develop new sectors, create jobs and develop new capabilities.<\/div>\n
Speaking at the launch of the facility, Dr. Kevin Kanina Kariuki, AfDB Vice-President in charge of Power, Energy, Climate and Green Growth, said championing a circular economy aligned with the bank’s agenda of achieving climate resilience and Just Energy Transition systems.<\/div>\n
Adopting a circular economy, he said was crucial for the continent and could be regarded climate adaptation initiative.<\/div>\n
\u201cEven if Africa does not emit anything for the next 20 years, the impact of climate change will be here with us,\u201d he said.<\/div>\n
He mentioned that interventions designed under the five-year programme would include private sector support through a differentiated business skills development programme for start-ups and Small Medium Enterprises, promotion of country ownership by strengthening the African Circular Economy Alliance (ACEA) and institutional capacity building for the creation of enabling circular economy environments.<\/div>\n
The championing of a circular economy, he also mentioned was a good way of creating jobs and new value chains which are ecologically friendly.<\/div>\n
Mr Juha Savolainen, Temporary Governor of Finland, said governments had a responsibility of ensuring that a circular economy thrived by creating a conducive environment through policies and regulatory frameworks.<\/div>\n","protected":false},"excerpt":{"rendered":"

Accra, May 27, GNA \u2013 The African Development Bank ((AFDB) has partnered with the Government of Finland to launch a \u20ac4 million Africa Circular Economy Facility (ACEF), which is a climate change intervention designed to promote circular practices among regional members of the bank. A circular economy is a model of production and consumption, which […]<\/p>\n","protected":false},"author":1,"featured_media":1101726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[3739,1464,15223,1963,2344,85],"class_list":["post-1101724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-afdb","tag-benefit","tag-circular","tag-economy","tag-facility","tag-ghana"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1101724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1101724"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1101724\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1101724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1101724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1101724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}