By: Nana Appiah Acquaye
The United
Nations Technology Bank for the Least Developed Countries (UN Technology Bank)
has launched the Least Developed Countries Green Industrialization Facilitation
(LDC-GIF) Mechanism to accelerate green industrialisation by improving access
to technology transfer, technical expertise, partnerships and investment
opportunities.
The
mechanism was officially launched on the sidelines of the ongoing 31st United
Nations Climate Change Conference (COP31) in Antalya, Türkiye, bringing
together representatives of international organisations, development
institutions and governments to advance green industrial development in the
world's least developed countries (LDCs).
The launch
event featured opening remarks from Türkiye’s Minister of Industry and
Technology, Mehmet Fatih Kacır, and Roland Mollerus, Managing Director of the
UN Technology Bank. H.E. Khalilur Rahman, President of the 81st Session of the
United Nations General Assembly, also delivered opening remarks.
Other
distinguished speakers included İsmail Ould Cheikh Ahmed of the Organisation of
Islamic Cooperation (OIC), Uganda's Ambassador Adonia Ayebare, Julian Sievers
Juzbasic of the Enhanced Integrated Framework (EIF), Değer Saygın of the
Organisation for Economic Co-operation and Development (OECD), Keiju Mitsuhashi
of the Asian Development Bank (ADB), as well as representatives of the European
Bank for Reconstruction and Development (EBRD) and the African Development Bank
Group.
The LDC-GIF
Mechanism aims to accelerate green industrialisation in least developed
countries by facilitating access to technology transfer, technical expertise,
strategic partnerships and investment opportunities.
The
initiative represents a significant step towards ensuring that least developed
countries become active participants in the global green industrial transition,
while strengthening their capacity to adopt sustainable technologies and
develop greener industries.
