The findings of the PSE/green structuring lab, launched five weeks ago by the PSE operational monitoring office, has resulted in various recommendations, including the creation of a national fund to support green financing, the revision of the forestry, hunting and environmental codes, and the revival of laws on the coast and biodiversity.
They were issued with a view to enabling the implementation of the Emerging Senegal Plan (PSE/green).
“I solemnly undertake to speed up the process of implementing the reforms that fall directly under my department,” declared the Minister of the Environment and Sustainable Development, Abdou Karim Sall.
He was speaking at the close of the intensive structuring workshop (Lab) of the PES/Green programme, which was launched five weeks ago by the PES Operational Monitoring Office.
He invited other ministerial departments to follow suit. He also urged the Operational Monitoring Office (OMO) to “continue to provide the necessary expertise and support in terms of technical assistance, to help set up and operationalise the Executive Secretariat”.
This “will specifically consist of the transfer of monitoring and evaluation tools and methodologies (…)”, he said.
“I urge the private sector, technical and financial partners and all stakeholders who have always been at our side, to continue to collaborate at all levels of the implementation of the portfolio of priority projects and reforms,” said Abdou Karim Sall.
According to him, “the conclusions of the workshop allow us to project ourselves and to better prepare ourselves to face the major challenges linked to the current situation and the stakes of the future, given the already difficult global economic context”.
He indicated that the launch of the Green PES Lab was attended by the public and private sectors and development partners.
“This was the starting point for intense technical work to structure 29 projects and 12 reforms that constitute the top priorities of this programme,” said Abdou Karim Sall.
These 29 projects cover six sectors of activity: energy, water, sanitation, forestry, industry and agriculture, construction and urban planning and institutional support projects.
He revealed that “Senegal’s ambition, in the second phase of the PES corresponding to the recovery of the economy following the Covid-19 pandemic, is to promote, through the green PES, green growth that is resilient to climate change”.
“This recovery will certainly be achieved through the mobilisation of the potential of green investments in the sectors of the economy, by 2035,” said Abdou Karim Sall.
After analysing the constraints and identifying the necessary incentives and provisions to be integrated into the legislative and regulatory texts, the “Lab” finally concluded to rely essentially on 10 reforms, the Minister informed.
He also noted that “the projects are aligned with these reforms with a focus on energy production, the circular economy, the valorisation of products, goods and services, technical support, development and adaptation to climate change”.
According to him, “the overall assessment of the socio-economic and environmental impacts of the portfolio of projects and reforms, as well as the development of a detailed implementation and monitoring plan, have highlighted the need to take concrete action on incentives”.
The outline of the project proposal submitted to the MAVA Foundation in January 2021 was structured around the objective of catalysing investment in nature for a green recovery and will enable Senegal to progress towards its environmental commitments.
And will focus on integrating nature conservation and restoration into the core of Senegal’s long-term development policy framework, and as a tool for Senegal’s post-Covid recovery19. In its component of integrating nature investment into the Green PES, a study was commissioned to Vivid Economics to carry out an analysis of the greening potential of PAP 2 II with niche opportunities in climate business also obeying the principle of green, inclusive growth, driven by a strong private sector resilient through climate technologies.
For the adoption and advocacy of the acceleration of the green recovery for the operationalization of the Green PES, the GGGI country office worked in close collaboration with Senegal Emergent – BOS which through its methodology of structuring the sectors and levers of economic growth on behalf of the State of Senegal shared a tactical approach to address the financing needs for the green recovery.