Namibia implements N$1.3 billion in climate projects, pushes for direct access to boost funding

By: Hertha Ekandjo

Namibia is currently implementing climate change projects valued at approximately N$1.3 billion, funded through various international climate financing mechanisms.

These initiatives form part of the N$4 billion the country has secured over the past decade through multilateral funding windows and bilateral cooperation.

Environment ministry’s deputy director for Multilateral Environmental Agreements, Petrus Muteyauli said the bulk of the funding has come from the Green Climate Fund (GCF), the Global Environment Facility, the Special Climate Fund, and the Adaptation Fund.

He noted that these funds have supported projects aimed at enhancing Namibia’s resilience to climate change, promoting sustainable development, and protecting natural resources.

In a recent milestone, the GCF approved Namibia’s Readiness Proposal on March 24, 2023, which supports the accreditation of local institutions as direct access entities.

This move, Muteyauli said is expected to increase the country’s ability to independently access and manage climate finance.

Institutions seeking accreditation include the Development Bank of Namibia, Agribank, Bank Windhoek, and the Namibia Nature Foundation. The Ministry of Environment, Forestry and Tourism has already been accredited as a delivery partner.

To fast-track the accreditation process and ensure successful proposals, a workshop was held on Monday reviewing and refining concept notes developed by each entity.

These programs are designed to be concrete, impactful, and aligned with GCF priorities, with the aim of securing further funding for Namibia’s climate agenda.

A report by Cirrus, mentioned the the country’s Nationally Determined Contributions (NDCs) until 2030 are estimated to cost a total of N$270 billion (USD 15.1 billion).

Of this amount, 60%, N$162 billion, is allocated to mitigation efforts, while the remaining 40% (N$108 billion) is dedicated to adaptation measures.

The Energy, Water, and Agriculture sectors collectively account for N$229.5 billion, representing 84% of the total estimated cost. Notably, 90% of all proposed measures—amounting to N$243 billion—are contingent upon external financial support.

The post Namibia implements N$1.3 billion in climate projects, pushes for direct access to boost funding first appeared on Future Media News.

The post Namibia implements N$1.3 billion in climate projects, pushes for direct access to boost funding appeared first on Future Media News.