Green Finance Taxonomy to bolster Ghana’s green investment strategy Dr. Peter Dery [Video]

Dr. Peter Dery, Director of Environment at MESTI

The Director of Environment at the Ministry of Environment, Science, Technology, and Innovation (MESTI), Dr. Peter Dery, has emphasised the positive impact of the recently launched Green Finance Taxonomy on Ghana’s strategy to mobilise resources for green investments.

Speaking at a meeting held on the sidelines of the ongoing COP 29 Summit in Baku, Dr. Dery praised the Ministry of Finance for spearheading the initiative, describing it as a critical tool to combat greenwashing — a practice where entities make false or misleading claims about the environmental benefits of their products or actions.

“This will prevent greenwashing, which is why the Ministry of Environment, Science, Technology, and Innovation fully endorses this initiative,” Dr. Dery remarked.

He further elaborated on how MESTI has encountered and rejected project proposals that were found to involve greenwashing.

He added that rigorous assessments of these projects’ methodologies and baselines revealed discrepancies, leading the ministry to …