In a significant move towards promoting sustainable agriculture, carbon sequestration, and climate finance in West Africa, Coöperatieve Rabobank and the West African Alliance on Carbon Markets and Climate Finance (WAA) have joined hands in a strategic partnership. This partnership, rooted in shared values and objectives, seeks to enhance the livelihoods of farmers and smallholder producers while contributing to the global effort to combat climate change.
Coöperatieve Rabobank, headquartered in Amsterdam and with a place of business in Utrecht, is a well-established financial institution with a strong commitment to sustainable development. Rabobank’s presence and influence in the world of finance make it a vital player in the quest for sustainable solutions.
Founded during the Africa Carbon Forum in Cotonou in 2017, West African Alliance on Carbon Markets and Climate Finance (WAA) is a sub-regional alliance comprising West African countries, including all ECOWAS members plus Mauritania. WAA was born out of the collective vision of West African nations to actively participate in international carbon markets, technology transfer, and climate finance for the implementation of their Nationally Determined Contributions (NDCs).
The partnership between Rabobank and the West African Alliance on Carbon Markets and Climate Finance represents a significant step towards sustainable agriculture, carbon sequestration, and climate finance in West Africa. By focusing on the empowerment of smallholder farmers and the utilization of the Rabobank Acorn platform, this collaboration holds the potential to make a substantial impact on both the agricultural sector and climate change mitigation efforts in the region. As these two organizations work together, they bring expertise, resources, and a shared commitment to a more sustainable future for West Africa and the planet as a whole.