CACE and Jospong Group to advance low-carbon economies in Ghana and Switzerland

CACE and Jospong Group to advance low-carbon economies in Ghana and Switzerland

The Climate Action Center of Excellence (CACE) and the Jospong Group of Companies have announced a strategic collaboration aimed at supporting Ghana’s transition to a low-carbon economy. The Internationally Transferred Mitigation Outcomes (ITMOs) generated in Ghana from this partnership will contribute to Switzerland’s Nationally Determined Contribution (NDC) targets under the Paris Agreement, in accordance with an existing bilateral agreement between the two countries.

The partnership will focus on enhancing the implementation of ITMO projects in the waste sector, ensuring the transferability of credits under Article 6 of the Paris Agreement. CACE will provide technical assistance to support the development of ITMO projects and facilitate engagement with host and buyer country governments on reporting to the United Nations Framework Convention on Climate Change (UNFCCC).

“Our collaboration with Jospong Group sends a strong signal to the global community that we are committed to harnessing the power of international cooperation and innovative market mechanisms to drive meaningful climate action,” said Dr. Yousef Alhorr, Founding Chairman of the Gulf Organisation for Research and Development (GORD), which hosts CACE. “Through this partnership, CACE and Jospong Group aim to catalyze critical funding into projects that reduce emissions, support sustainable development, and advance the goals of the Paris Agreement.”

Dr. Joseph Siaw Agyepong, Executive Chairman of the Jospong Group, said the partnership with CACE “will accelerate our access to global carbon market and support our efforts to transition to a low-carbon economy in Ghana. Together, we will unlock tangible possibilities for sustainable development, and I look forward to seeing the transformative impact of this partnership in the years to come.”