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The African Development Bank (AfDB) and the Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) to promote programmes, projects, joint studies and research activities to accelerate green growth options for African countries.

The agreement was signed on Friday on the sidelines of the African Development Bank Group’s Annual Meetings in Busan, Korea.

The pair will cooperate in several areas, including conducting a joint study on green growth readiness in Africa and exploring ways to align both organisations’ activities with the implementation of Sustainable Development Goals and Nationally Determined Contributions. Read more: How is Africa mitigating climate risks | experts gauge

Furthermore, the two organisations will work together to generate synergies in areas, such as the Global Green Growth Institute’s cities programmes and the bank’s initiatives on clean energy, sustainable landscapes, green cities and water and sanitation, with the ultimate goal of strengthening climate resilience in Africa.

The MoU was signed by Amadou Hott, Vice-President, Power, Energy, Climate and Green Growth, African Development Bank, and Hyoeun Jenny Kim, Deputy Director General and Head of Green Growth Planning and Implementation, GGGI.

Transitioning Africa towards green growth

“The African Development Bank believes in building strong partnerships to accelerate Africa’s development. This MoU with the GGGI strengthens our cooperation for effective delivery of the High 5s agenda in a manner that transitions African countries towards green growth,” said Hott.

He added: “We very much look forward to this collaboration with GGGI.”

Deputy Director General Hyoeun Jenny Kim said, “The MoU we sign today will also support the sharing of green growth knowledge and best practices from GGGI’s Member and partner countries.

“We look forward to conducting joint research activities with African Development Bank in designing and developing green growth projects and programs and sharing knowledge and experience through launching joint publications and participating in and co-organising events – all of which will help to promote green growth in Africa.”