Norway and GGGI agree to extend their partnership in deforestation control and sustainable development in support of the Government of Colombia

The Kingdom of Norway and the Global Institute for Green Growth (GGGI) have committed to extending their partnership to support the Government of Colombia (GoC) in halting deforestation and advocating sustainable development for a further three years.

For this new Phase II, subnational efforts will be extended to the Departments of Antioquia, Guaviare, Meta and Nariño, as well as to the Corporation for the Sustainable Development in the Southern Amazon (Corpoamazonia).

In a novel approach, the renewed partnership will develop a Project Preparation Facility (PPF) to support the structuring of environmentally and socially sustainable projects aligned with the priorities and potentials of the regions, and that will connect the projects with financial sources. Through facilitating the investment of mixed resources, the PPF is expected to mobilize at least US$30 million for green investment, with an eventual hand-over of this facility to the GoC.

The renewed partnership between the Kingdom of Norway and GGGI represents a joining of forces with the GoC to continue the important efforts of deforestation control combined with the promotion of the forestry economy, sustainable livestock, bioeconomy and landscape restoration, areas that the Duque Government already have under implementation. These efforts are part of an ongoing collaborative work to link local capacities and needs to the priorities established in the current national development plan.

Original source: GGGI
Published on 26 February 2020