Life & ClimateNews

Cameroon Searching For Money To Finance Environmental Protection

Cameroon’s environment is deteriorating at an alarming rate with the wanton destruction of the country’s forest reserves. 

To this end, the Ministry of Environment, Nature Protection and Sustainable Development is searching for money to finance a new project. 

The project is geared towards re-dynamising the process of the reduction of emissions provoked by deforestation and the degradation of forests popularly known by its French acronym REDD.

A meeting to this effect was held recently in the economic capital Douala, chaired by the Minister of Environment, Nature Protection and Sustainable Development, Hele Pierre.

According to senior officials in the Ministry of Environment, the process of the reduction of emissions due to deforestation and degradation of forests was delayed due to “the cancellation of the financial support of the World Bank in October 2019. 

This support being structural, the unilateral decision of the World Bank affected the entire process linked to the mobilization of the funds dedicated to the reduction of emissions due to deforestation and degradation of forests. 

Since then, the government has undertaken, with the facilitation of the Worldwide Fund for Nature (WWF-Cameroon), to restore the spirit of good collaboration with the different national and international partners involved”.

The meeting of August 20, 2020 was intended to “enable the participants to assess the REDD process so far, start dialogue at high levels bringing together the services of several ministries. 

These are the Prime Ministry, the Ministry of Economy, Planning and Regional Development, the Ministry of Environment, Nature Protection and Sustainable Development and the Ministry of Forestry and Wildlife as well as all the sectorial administrations and structures implicated in the process”.

The identification and engagement of actions to enable the unblocking and facilitating the mobilization of funds from the Forest Carbon Partnership Facility (FCPF) and other international donors was also discussed.

Meanwhile, the amount of money the government would want furnished by its foreign partners was not disclosed. 

Commentators worry that if the financing is done en catimini, it would facilitate pilfering by sticky-fingered government functionaries.

No part of this publication may be reproduced, distributed or transmitted in any form or by any means without proper attribution to HumAngle, generally including the author's name, a link to the publication and a line of acknowledgement.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Translate »