Dr. Matthew Opoku Prempeh, the Energy Minister, advocates for developed nations to fulfill their funding commitments to assist developing countries in achieving their net-zero targets.
Speaking at a panel session titled “Funding Resilience: Post-COP28 Path Forward for Loss and Damage,” Dr. Prempeh emphasized the critical need for financial support to address the challenges faced by developing nations in transitioning to clean energy sources.
Highlighting the significant financial burden on developing countries striving to meet Sustainable Development Goal 7 of providing clean and affordable energy by 2030, Dr. Prempeh stressed the detrimental impact of continued reliance on wood fuel amidst the global energy transition. He emphasized the importance of tangible commitment over mere rhetoric in supporting less emitting nations.
Asserting energy as the cornerstone of economic prosperity, Dr. Prempeh underscored Africa’s right to develop its energy resources without external interference, aiming to enhance citizens’ welfare.
He outlined the pivotal role of clean energy in reducing greenhouse gas emissions, particularly in the electricity, cooking, and transportation sectors, emphasizing the need for a concerted effort to achieve net-zero emissions.
Dr. Prempeh detailed Ghana’s initiatives towards clean cooking, including promoting LPG usage and distributing efficient charcoal stoves, with a target of 50% LPG access and 3 million improved stoves by 2030.
He reiterated Ghana’s commitment to partnering with investors to explore sustainable energy solutions for inclusive economic growth.
In conclusion, Dr. Prempeh urged developed nations to demonstrate genuine support through the fulfillment of funding pledges, emphasizing the collective responsibility to combat climate change and ensure a sustainable future for all.
