The Ministry of the Environment and Ecological Transition (METE), in collaboration with the Ministry of Finance, with the support of German Technical Cooperation, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, launched yesterday, Monday May 6, the first Steering Committee on the establishment of a green taxonomy. This meeting serves as a framework for COPIL to look at a diagram that would relate the taxonomy of Senegal to that of other regions of the world.
In collaboration with the Ministry of Finance and with the support of German Technical Cooperation, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the Ministry of the Environment and Ecological Transition launched the first Steering Committee on the establishment of a green taxonomy. Having been the subject of a development process for ten months, recalls Ms. Sarr Madeleine Diouf, “the objective is to see the relevance of a green taxonomy in Senegal.”
According to the Director of Climate Change, Ecological Transition and Green Financing at the Ministry of the Environment and Ecological Transition, “talking about sustainability requires putting instruments in place. And these instruments are the green taxonomy which will allow us to define consensual instruments applicable at the national level in relation to our social context, in relation to our economic context, to really allow us to develop these instruments which will make it possible to move really climate finance, green finance in Senegal, sustainable finance in Senegal.
Technical partner of this project, Séverin Peters, Director of the Access Project of German cooperation, GIZ, expressed his pride in having collaborated with the Senegalese authorities on this theme. “We are very proud to collaborate with the Senegalese authorities on this issue. Senegal needs investments to invest in the environment, in the fight against climate change. indicated the Director of the Access Project.
Concerning the contribution of German Cooperation in this process, Mr. Severin declared that “GIZ supports the development of taxonomy in several countries around the world. And that gives us a certain expertise and experience that we use here, in Senegal, to really work directly with the Senegalese partners to see what the steps are and for the taxonomy, what are the criteria and also a very important question, how to put in relation to the taxonomy of Senegal with that of other regions of the world, especially that of the European Union. I am very happy to see that Senegal will probably opt for this scheme of aligning, to a certain extent, with the taxonomy of the European Union; which will, I think, help mobilize more investment from Europe for Senegal.
In this regard, he expressed Germany’s desire, through GIZ technical cooperation, to support Senegal. “I want to announce that Germany, through Technical Cooperation (GIZ) is already prepared to support Senegal in the next stages of development of the taxonomy. And I hope that all the other milestones leading to the implementation of this tool will be crowned with success. concluded Peters Severin.
Ousmane GOUDIABY
