Minister of Planning and International Cooperation Zeina Toukan on Wednesday signed a legal status agreement of the Global Green Growth Institute (GGGI), on behalf of the Jordanian government, with the institute's Jordan Country Representative Christophe Assicot.
اضافة اعلان
The signing allows for hosting an official office of the Institute in the Kingdom, providing sustainable technical and institutional support to the government and relevant national authorities, the ministry said in a statement.
It contributes to developing policies and plans that align with environmental and economic priorities and enhances Jordan's ability to access green finance through the preparation of qualified and well-studied projects, it added.
The agreement is particularly important in preparing and implementing the National Green Growth Plan and related sectoral action plans, at a time the transition to a green economy is a development priority and strategic necessity within Jordan's modernization path, it said.
Hosting the GGGI office is expected to contribute to attracting green investments to vital sectors, such as sustainable transport, renewable energy, and climate-smart agriculture, thus enhancing economic growth in line with the Economic Modernization Vision, the statement pointed out.
The agreement also supports coordination efforts between government agencies and building the capacity of national cadres through training and knowledge transfer, in addition to contributing to the implementation of international commitments, most notably the Paris Climate Agreement, it said.
Jordan joined the institute in 2014, and cooperation between the two parties has witnessed remarkable development, including drawing up the National Green Growth Plan and Action Plans for the period 2021–2025, including projects for electric public transportation, electric vehicle charging infrastructure, and facilitating access to climate finance.
The GGGI is an intergovernmental organization established in 2010 and transformed into an international treaty-based organization in 2012 during the Rio+20 Earth Summit. Headquartered in Seoul, South Korea, the Institute has more than 50 member countries until 2024.
It works to assist developing countries and emerging economies in transitioning to a green growth model that balances economic development, environmental sustainability through providing technical support, designing and implementing green projects, mobilizing investments, and building institutional capacity.
