June 15, 2013 | News Senegal

Agence de Presse Africaine, 6/12/2013

Senegal is devoting 1 percent of its 2013 budget spending on a series of measures to facilitate more sustainable and environment-friendly protection initiatives in the country, Ali El Haidar, Minister of Environment and Sustainable Development (MEDD) said in Dakar on Tuesday.“In 2013, the government agreed to raise the budget of the Ministry of Environment to 1 percent of the total budget, representing about CFA 26 billion. This effort made in the context of adverse economic conditions, is ample evidence of the resolve of the Senegalese government to provide the sector with more resources.” Mr. Haidar said.

Haidar was presiding over the official launching of a two-day workshop on: “Funding the Environmental Sector: The innovative Mechanisms, organized by the Directorate of Green Funding and Partnerships.

According to him, the funding of the environment sector has now become a major issue, due to a number of factors.

“Among these, the current economic and financial crisis, which forces many states and organizations to give higher priority to the financing of sectors other than that of environment. There is also the ecological and environmental peril, which has become more visible and which weighs down on our planet” Al El Haidar observed.

He went on to say that the effective introduction of environment in policies and the promotion of green economy have become imperative to realizing the objectives of sustainable development.

“To this end, the implementation of innovative funding mechanisms is crucial. These mechanisms include the taxation of financial transactions, the taxation of air and sea transports the carbon fund” he added.

The workshop aims at “reviewing the funding of the environment sector in Senegal”.

It is also an occasion “to share views and further discuss the opportunities to mobilize more resources, using new funding mechanisms.”

The workshop gathers many technical and financial partners, non-governmental organizations, as well as public and private bodies.

Comments are closed