Akufo-Addo secures $800 million for climate action at COP29

President Nana Akufo-Addo, addressing the COP29 summit in Baku, Azerbaijan, revealed that Ghana has raised $800 million by trading carbon credits with countries like Switzerland and Sweden.

This move, part of Ghana’s efforts to reduce global emissions, underscores the nation’s commitment to tackling climate change.

Akufo-Addo highlighted the significant role of carbon markets in financing climate initiatives and urged developed nations to fulfill their climate financing commitments, emphasizing that failure to act will jeopardize the future of vulnerable communities.

The funds raised will support Ghana’s emission reduction goals and further environmental projects.