Africa

Gabon


SDG Finance - Component 1

Gabon and the SDGs “Beyond Oil”: Financing a Rapid and Sustainable Transition from a “Brown” to a “Green” Economy

Sustainable Development Goals
Total funding allocated
SDG Finance - Component 1
US $ 1000000
Co-funding by UN agencies
SDG Finance - Component 1
US $ 25000
#Brown2GreenEconomy
#BeyondOil
#SustainableTransition
#ClimateChange
#GreenGabon
#SDGFinancingDialogue

Brief description

The Strategic Plan for Gabon’s Emergence adopted “Green Gabon” as a central pillar, aiming at accelerating the transition away from extractives-based economics (oil, mining) to a green and sustainable economy, that is harmonized with the Agenda 2030, This Joint Programme aims to help Gabon put in place a “deeply green” Integrated National Financing Framework (INFF), aligning public and private financing towards the transition with a gender-sensitive budget. This will accelerate the accomplishment of SDGs and Agenda 2063 of the African Union and cement Gabon’s leading role in the fight against climate change at the continental and international level.  

Approach

The JP's systemic approach will make it possible to: (a) build an INFF for both the the Strategic Plan, the SDGs and the transition to the green economy; (b) prepare the ground, through study and market assessment, for expanded use of innovative green financing mechanisms to power Gabon’s sustainable development, (c) rationalize the development financing ecosystem in Gabon, (d) develop national capacities in the mastery of SDG financing instruments to accelerating the achievement of SDGs related to climate change at the global level, and (e) establish an effective and inclusive system for monitoring public resources allocated to the transition to a green economy, aiming at creating a nation-wide SDG financing dialogue mechanism.

Quick facts

Total budget:
US $ 1,025,000

UN Agencies:

UNDP, UNECA


National Partners:

Ministry of Water, Forests, Sea and Environment


Duration:
Jul 2020 - Jun 2022

Financial Information