August 14, 2022

Your source for Trending, Up and coming, Latest Lifestyle News. Whether it be for your health, your country, or your soul and body.

‘Building Back Better’: Jordan’s Road to Green Economic Recovery


Solar water heaters on prime of buildings are discovered throughout Jordan. The nation has embarked upon a climate-responsive economic system restoration and a brand new progress trajectory technique. Photo Credit: NDC Partnership
  • by Sania Farooqui (new delhi, india)
  • Inter Press Service

In 2020 GDP contracted 3.5% YOY, with a projected rebound in the direction of the center of 2021. The unemployment price in Jordan elevated to 22.7% of the labor pressure in 2020 from 19.1% a 12 months earlier. It is the best jobless price since at the very least 2005.

The Government of Jordan (GoJ), in mild of COVID-19, has taken steps to answer each the well being and financial dangers related to the pandemic. Both are mentioned to be of concern as a result of a number of the pandemic restrictions proceed to increase into 2021, and financial restoration might be stalled.

One of the important thing options that Jordan has readily launched into is a climate-responsive restoration and a brand new progress trajectory technique. Jordan’s Nationally Determined Contributions (NDC) beneath the Paris Agreement on local weather change is among the key platforms by means of which it hopes to attain its inexperienced improvement measures.

“Jordan’s climate-responsive and green economy framework focuses on several key sectors: water, waste management, energy, agriculture, tourism, and transport, in addition to health as a key adaptation sector,” says Lamia S. Al-Zoa’bi, Director of Development Plans and Programs in Jordan’s Ministry of Planning and International Cooperation (MOPIC) in an interview given to IPS News.

“In Jordan, the focus is on a climate-responsive, green recovery that can create jobs and economic transformation (JET), through a focus on public/private investments and climate finance,” says Al-Zoa’bi.

The local weather motion planning adopted a complete set of strategic local weather responses, together with Jordan’s preliminary Intended Nationally Determined Contributions (INDC) in 2015, adopted by its first NDC in 2016. Building on these efforts, and in collaboration with nationwide and inner stakeholders, the nation launched its NDC Action Plan with precedence tasks in 2020, with help from the NDC Partnership.

The Ministry of Environment, with help from the Global Green Growth Institute (GGGI), launched the Green Growth National Action Place (GG-NAPs) 2021-2025, that are primarily medium-term implementation plans. A majority of actions within the GG-NAPs are local weather responsive and aligned with NDCs, which have an extended timeframe for implementation till 2030. Through the Partnership’s Climate Action Enhancement Package (CAEP), Jordan performed a Cost-Benefit Analysis (CBA) for 35 precedence local weather actions contributing to the implementation of Jordan’s NDC as beforehand recognized by Sectoral Working Groups collectively with a local weather finance technique.

Earlier in June 2021, The World Bank Group permitted a US$500 million program to catalyze private and non-private investments in Jordan for a inexperienced and inclusive restoration from the COVID-19 pandemic.

In this statement, World Bank Group’s Mashreq Regional Director, Saroj Kumar Jha says, “Jordan has been one of the most active and pioneering countries in the region in ratifying and adopting international climate change initiatives, including the Paris Agreement. Jordan can now capitalize on these efforts to become an attractive destination for green and climate-related investments.”

The Inclusive, Transparent and Climate Responsive Investments is a part of the US$1.1 billion not too long ago introduced for Program-for-Results (PforR), by means of mixed loans and grants, financing help from the World Bank Group and different worldwide companions to help Jordan in responding to the pandemic and selling an early, climate-resilient, and inclusive restoration.

According to a report by the United Nations Environment Programme, the Mediterranean area, which is house to a number of nations within the Middle East and North Africa (MENA), has been described as a ‘climate change hotspot’. According to the National Climate Change Adaptation Plan, climate-related hazards, resembling excessive temperature droughts, flash floods, and storms, have an effect on Jordan. These hazards are rising in frequency and depth over time as a consequence of local weather change.

Jordan, nevertheless, positioned itself nicely forward in tackling these points by advancing its local weather coverage framework beneath the Paris Agreement, which it ratified in 2016. Jordan was amongst the primary nations to launch a Climate Change Policy in 2013 and has persistently issued its nationwide communications beneath the United Nations Framework Convention (UNFCCC).

Ahead of COP26, Jordan is updating its NDC, constructing on a prioritization train performed in 2020 in 5 key sectors as a part of its engagement with the NDC Partnership. “The NDC Action Plan seeks to scale renewables and energy-efficient measures, adapt water, agriculture and health sectors to climate impacts, and strengthen the resilience of disadvantaged groups and vulnerable ecosystems,” says Al-Zoa’bi.

So far, cost-benefit evaluation (CBA) for decreasing GHG emissions and potential local weather impacts have been performed for 35 prioritized NDC actions.

“Generating new jobs while maintaining social protection is one of the main short-to-medium-term priorities, given the record unemployment that comprises almost 25% of the labor force. While existing jobs are under pressure from the tourism sector fallout, the path to recovery in international arrivals is uncertain. Increasing tax revenue is an important outcome, as both current and projected fiscal deficit levels require new sources of tax income. All of these are seen to be drivers for green recovery in Jordan,” Al-Zoa’bi says.

Jordan’s inexperienced progress pathway goals to supply substantial advantages for the nation’s economic system, individuals, and setting. This contains plans for decreasing dependency on gas imports by means of transformations within the transport sector. This helps to mitigate unsure and exogenous financial shocks arising from volatility in fossil gas costs and bodily interruption provides.

According to the Jordan Sustainable Consumption and Production National Action Plan 2016-2025, the mixture of inexperienced progress and sustainable consumption and manufacturing efforts in vitality, transport, water, agriculture, waste, and tourism has the potential to draw sustainable inexperienced investments amounting to 1.3 billion U.S {dollars} and create 51,000 new jobs over ten years.

“Jordan is updating its first NDC by raising its macroeconomic GHG emission reduction target, this forthcoming updated NDC with higher climate ambition aims at driving Jordan’s post-COVID-19 recovery process into a lower carbon and more climate-resilient development pathway steered by national green growth priorities while fully committing to the provisions of the UNFCCC and the Paris Agreement,” concludes Al-Zoa’bi.

Follow @IPSNewsUNBureau
Follow IPS New UN Bureau on Instagram

© Inter Press Service (2021) — All Rights ReservedOriginal source: Inter Press Service





Source link