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Rwanda Secures €56 Million for Climate Change Action
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Rwanda Secures €56 Million for Climate Change Action

Uganda: 'Start Caring - The Climate Crisis is Here' #AfricaClimateCrisis

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Rwanda has received €56 million to kick off the implementation of priority projects that address the issues raising climate change as well as development.

In the agreement signed with the KFW Development Bank of Germany, €30 million will be allocated to urban development project, Green City Kigali and €26 million for the implementation of the Rwandan National Determined Contributions (NCDs) through the NDC Facility at the Rwanda Green Fund.

Rwanda has committed under its NDCs To Paris Agreement to reduce its greenhouse gas emissions 38% by 2030, compared to a business as usual scenario. However, this is only possible with international support and funding to complement domestic resources.

The $11 billion investment cost for the commitment is estimated to be approximately $11 billion. It revolves around water security, agriculture and forestry, settlements, and health.

Uzziel Ndagijimana (Minister of Finance and Economic Planning) stated that this partnership aligns with Rwanda’s National Strategy for Transformation One.

He stated, “The main objective of the project is to accelerate private sector-led growth and productivity. We also want to promote sustainable management of the environment to help Rwanda transition to a Green Economy.”

He also indicated that it will improve the climate policy dialogue to jointly fight climate change with the goal of reaching global climate neutrality by mid-century, and initiate cooperation with scientists, the private sector, and civil society in order to foster an inclusive, locally-led approach to climate action.

Svenja Svenja Schulze, German Minister of Economic Cooperation and Development, stated that global cooperation is the only solution to the current climate crisis.

“Rwanda is a driving factor in international cooperation on climate change action. Together, we want a carbon-neutral, sustainable future,” she stated.

Jeanne d’Arc Mujawamariya (Minister of Environment) stated that climate action must be inclusive and localized.

Research has shown that local communities are more susceptible to the impacts of climate change. Our strategies have climate resilience measures that are tailored specifically to communities’ livelihoods.