BrandArena: World Bank Launches Climate Innovation Centre For Start-ups In Ghana

Monday 9 March 2015

World Bank Launches Climate Innovation Centre For Start-ups In Ghana

Twenty Ghanaian high-potential start-ups have concluded the first national bootcamp designed to promote local entrepreneurship and innovation in clean technologies. The initiative was organized last week by the soon-to-be-launched World Bank/infoDev’s Ghana Climate Innovation Center (GCIC).

The bootcamp aimed to identify and launch growth-oriented Ghanaian entrepreneurs and new ventures involved in developing profitable and locally relevant solutions to climate change.

Several studies, including the World Bank’s report ‘Economics of Adaption to Climate Change’ and Ghana's National Climate Change Policy Framework, have stressed how significant the impact of climate change will be on Ghana’s economy, people and development. Crop yields are predicted to decline by 7% by 2050 due to higher temperatures, while sea levels are expected to rise over one meter this century, causing the erosion of 1,120 square kilometers of land.

“Ghana is highly vulnerable to the impacts of climate change and as such, its prospects for continuous growth will depend on the country’s ability to build competitive and climate-resilient industries,” said Yusupha B. Crookes, World Bank Country Director. “In line with the National Climate Change Policy, by accelerating the development of local clean technology companies the Ghana Climate Innovation Center will help reduce the country’s vulnerability to climate change, while also creating jobs and promoting investments in new clean technologies.”

The bootcamp participants represented some of the most promising clean technology sectors in Ghana’s green growth agenda, including solar energy, biofuels, waste and water management.

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