• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 16, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Developed Countries to Aid Developing Nations Build Climate Resilience

Prince Agyapongby Prince Agyapong
March 21, 2024
Reading Time: 4 mins read
Prince Agyapongby Prince Agyapong
in General News
0
Developed Countries to Aid Developing Nations Build Climate Resilience

As the world grapples with the consequences of climate change, it has become increasingly clear that a collective effort is required to mitigate its impact. Developed countries, with their historical emissions and greater resources, have a moral and practical duty to support developing nations in reducing greenhouse gas emissions.

Addressing a panel session on Funding Resilience: Post-COP28 Path Forward for Loss and Damage, Energy Minister, Dr. Matthew Opoku Prempeh has urged developed countries to support developing countries meet their net-zero targets.

“It is not about the number of funds we establish, but it is about the commitment to these funds in terms of supporting developing countries, fewer emitters. This will ensure that we contribute our quota to the reduction of global GHG emissions, and more importantly, achieve decarbonization, energy access, security, and efficiency.”

Dr. Matthew Opoku Prempeh, Energy Minister

Dr. Prempeh said Developing countries face the challenge of achieving the SDG7 target of providing clean and affordable energy by 2030, due to the intense financial commitment required.

RelatedPosts

Health Minister Fires Back at Minority’s Criticisms, Insists No Financial Allocation was made for Unpaid Nurses

Ghana Wins Big from President Mahama’s Visit to China

NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region

Most developing countries, he said heavily rely on wood fuel to meet their energy need and therefore argued that in the face of the global Energy Transition, this type of fuel, if not controlled will erode the little gains chalked these few years in the quest to combat climate change. 

The Minister who is also the Member of Parliament for Manyia South said energy is the heartbeat of every economy, and it is important that Africa has enough of it to support its socio-economic development to enhance the welfare of the citizenry.

Dr. Opoku Prempeh stated, “Our right to develop our energy resources for the benefit of our people must therefore be respected and with no interference.”

ADVERTISEMENT

“We recognize that the electricity, cooking, and transportation sectors are key to reducing greenhouse (GHG) gas emissions. Consequently, steps must be taken to transition these sectors towards a net-zero emissions future.”

Dr. Matthew Opoku Prempeh, Energy Minister

He again emphasized that to attain this, developing countries must transition to the production and utilization of clean energy and implement measures to mitigate any emissions that occur in the process.

The Minister said he is also aggressively promoting clean cooking with a focus on achieving 50% access to the use of LPG as fuel and delivering 3 million improved efficient charcoal stoves by 2030.

The Manhyia South lawmaker used the opportunity to reiterate Ghana’s commitment to partner with investors to explore new energy frontiers to support sustainable, environmentally sound, and gender-responsive economic growth.

Ghana’s Efforts to Promote Cleaner Energy 

The LPG for Development, Cylinder Recirculation Model, and Carbon-for-Free Stoves programs in Ghana align with the country’s efforts to support sustainable economic growth by promoting cleaner and more efficient energy sources, reducing reliance on traditional biomass fuels, and improving access to modern energy solutions.

These initiatives are part of Ghana’s broader strategy to address the challenges of energy access, affordability, and environmental impact associated with traditional energy sources like wood and charcoal.

“We have rolled out some programs, notably, the LPG for Development, Cylinder Recirculation Model, and Carbon-for-Free Stoves program for the biomass sector.”

Dr. Matthew Opoku Prempeh, Energy Minister

The LPG for Development program aims to expand the use of Liquefied Petroleum Gas (LPG) as a domestic energy source, replacing wood fuel and charcoal. By promoting LPG, Ghana seeks to reduce deforestation, which is a significant driver of greenhouse gas emissions and a major challenge for sustainable economic growth. The program also targets health and environmental benefits, such as reducing the risk of accidents associated with the use of traditional biomass fuels.

Additionally, the Cylinder Recirculation Model (CRM) is a policy initiative designed by the government of Ghana to ensure that at least 50% of Ghanaians have access to safe, clean, and environmentally friendly LPG by 2030.

This model involves consumers purchasing already filled cylinders at designated LPG selling points, with an advance payment for an initial cylinder and subsequent payments for LPG. The CRM aims to enhance safety, increase access and adoption of LPG, and ensure the existence of robust and standard health, safety, and environmental practices in the production, marketing, and consumption of LPG.

This initiative is part of Ghana’s efforts to develop a market-driven structure that supports sustainable economic growth by reducing reliance on traditional biomass fuels.

This call for action by Dr. Prempeh aligns with the broader international efforts to address climate change, including the establishment of the loss and damage fund at COP28, which aims to compensate vulnerable countries for the impacts of climate change.

The fund, which has received pledges from developed countries, is seen as a critical tool for delivering climate justice and supporting the most affected nations in their recovery and adaptation efforts.

READ ALSO: GBC Found Guilty of Copyright Infringement

Tags: Climate ChangeCylinder Recirculation Model (CRM)Energy MinisterLPGSDG 7
Please login to join discussion
Previous Post

Minority To Begin Impeachment Process Of Akufo-Addo

Next Post

Iyanya And Yvonne Nelson Still Friends Despite Backlash

Subscription Form

Related Posts

Stop Playing Politics with Health — Minority Chides Health Minister
General News

Health Minister Fires Back at Minority’s Criticisms, Insists No Financial Allocation was made for Unpaid Nurses

October 16, 2025
Ghana's President John Dramani Mahama with President Xi Jinping of China
General News

Ghana Wins Big from President Mahama’s Visit to China

October 16, 2025
NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region
General News

NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region

October 16, 2025
Kennedy Agyapong Confident After NPP Flagbearer Vetting
General News

Kennedy Agyapong Vows Never to Concede Before EC Declaration

October 15, 2025
NHIA Deputy Chief Executive for Operations, Dr. Senanu Kwesi Djokoto
General News

NHIA Charts New Strategic Direction for 2026–2029 Medium-Term Plan

October 15, 2025
AMA Arrests 21 Traders for Selling on Drains at Agbogbloshie Market
General News

AMA Arrests 21 Traders for Selling on Drains at Agbogbloshie Market

October 15, 2025
Stop Playing Politics with Health — Minority Chides Health Minister
General News

Health Minister Fires Back at Minority’s Criticisms, Insists No Financial Allocation was made for Unpaid Nurses

by Emmanuel Tibila BoasahOctober 16, 2025
Ghana's President John Dramani Mahama with President Xi Jinping of China
General News

Ghana Wins Big from President Mahama’s Visit to China

by Evans Junior OwuOctober 16, 2025
NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region
General News

NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region

by Silas Kafui AssemOctober 16, 2025
Military Leader To Be Sworn In As Madagascar’s President
Africa

Military Leader To Be Sworn In As Madagascar’s President

by Comfort AmpomaaOctober 16, 2025
High-level panel at Africa Energy Week (AEW): Invest in African Energies 2025
Extractives/Energy

Ghana Poised for 20% of West Africa’s $80 Billion Oil Market 

by Prince AgyapongOctober 16, 2025
Aboadze-Tarkwa Transmission Line Suffers Disruption, Management Assures Swift Action
Extractives/Energy

Aboadze-Tarkwa Transmission Line Suffers Disruption, Management Assures Swift Action

by Bless Banir YarayeOctober 16, 2025
Stop Playing Politics with Health — Minority Chides Health Minister
Ghana's President John Dramani Mahama with President Xi Jinping of China
NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region
Military Leader To Be Sworn In As Madagascar’s President
High-level panel at Africa Energy Week (AEW): Invest in African Energies 2025
Aboadze-Tarkwa Transmission Line Suffers Disruption, Management Assures Swift Action

Recent News

Stop Playing Politics with Health — Minority Chides Health Minister

Health Minister Fires Back at Minority’s Criticisms, Insists No Financial Allocation was made for Unpaid Nurses

October 16, 2025
Ghana's President John Dramani Mahama with President Xi Jinping of China

Ghana Wins Big from President Mahama’s Visit to China

October 16, 2025
NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region

NAIMOS Intensifies Offensive Against Illegal Miners in Eastern Region

October 16, 2025
Military Leader To Be Sworn In As Madagascar’s President

Military Leader To Be Sworn In As Madagascar’s President

October 16, 2025
High-level panel at Africa Energy Week (AEW): Invest in African Energies 2025

Ghana Poised for 20% of West Africa’s $80 Billion Oil Market 

October 16, 2025
Aboadze-Tarkwa Transmission Line Suffers Disruption, Management Assures Swift Action

Aboadze-Tarkwa Transmission Line Suffers Disruption, Management Assures Swift Action

October 16, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.