Climate finance
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Faced with the challenges posed by climate change, the Overseas Countries and Territories need tailored financing to accelerate their energy transition and strengthen their resilience. The Green Overseas program, funded by the European Union and implemented by Expertise France, plays a key role in supporting OCTs to mobilize this funding and structure solutions tailored to their realities.
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Climate finance encompasses all financing aimed at fighting climate change. These funds make it possible to:
- Reduce greenhouse gas emissions;
- Adapt to the effects of climate change.
They can take the form of grants, loans, guarantees or other financial instruments, and come from both public and private players. According to the Climate Policy Initiative, $8,100 to $9,000 billion per year would need to be mobilized by 2030 to meet the global targets set by the Paris Agreement.
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The GO program supports OCTs to improve access to climate financing and structure projects aligned with international standards. Its action is based on several levers:
- Supporting OCTs in accessing financing by facilitating dialogue with international financial institutions and donors.
- Develop national taxonomies to orient investments towards sustainable projects.
- Implement innovative financial mechanisms, such as carbon and biodiversity credits.
- Train and raise awareness of local players in climate finance tools, to strengthen their ability to mobilize and manage such financing.
- Facilitate exchanges between policymakers, project developers and investors through dedicated workshops and events.
Thanks to its integrated approach, Green Overseas enables OCTs to better structure their climate finance strategies and accelerate their ecological transition.
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Resilience to climate changeClick below to find out more about resilience to climate change
CCR