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HomeUncategorizedZambia to benefit from $350m climate fund

Zambia to benefit from $350m climate fund

Zambia has been selected to be part of the first countries which will benefit from the Climate Investment Funds’ new Nature, People and Climate -NPC- investment programme.

Through the NPC investment programme, 20,000 farmers will be trained in conservation agriculture and 30,000 hectares of wetlands will be preserved.

So far, 350 million dollars has been pledged to the project for developing countries, including Zambia.

Zambia and four of its neighbours Malawi, Mozambique, Namibia and Tanzania jointly presented their letters of interest to participate in the investment programme to preserve the environmental integrity of the Zambezi Basin.

Ministry of Green Economy and Environment Spokesperson CHIBAULA SILWAMBA says the Climate Investment Funds the announcement was made at the on-going 27th Session of Conference of the Parties to the United Nations Framework Convention on Climate Change (COP
27) .

And Green Economy and Environment Minister COLLINS NZOVU has expressed Zambia’s gratitude for being included on the programme.

Mr. NZOVU said this comes at the right time as the Zambian Government has upscaled its resource mobilisation efforts to address the various challenges its people are facing due to climate change.

SourceZNBC
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