Climate Finance | December 21, 2021

Ford Foundation commits $3 million to support natural resource governance in West Africa

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 21 — Extraction of metals, minerals and fossil fuels in West Africa has hurt local economies, exacerbated environmental problems and contributed to climate change.

The Extractive Industry and Climate Change Governance Fund, funded from the billion-dollar social bond Ford launched last year, will back civil society organizations to address natural resources governance, with a focus on Nigeria and Ghana.

“With renewed efforts toward energy transition, there’s an opportunity to transform the natural resources sector towards embracing equitable governance and sustainable practices,” said Ford’s Anthony Bebbington.

The Africa Center for Energy Policy will manage and deploy the fund.