EIF signs N.dollars 4.3 million agreement for climate programming

20 Nov 2017 20:20pm
WINDHOEK, 20 NOV (NAMPA) - The Environmental Investment Fund of Namibia (EIF) signed an agreement for financial support worth N.dollars 4.3 million from the Green Climate Fund (GCF) on Wednesday in Bonn, Germany.
A media statement issued on Monday by EIF Head of Communications and Corporate Affairs, Lazarus Nafidi said the financial support will be used to strengthen the institutional capacities of the Ministry of Environment and Tourism.
He said the ministry will ensure that efficient engagements take place with GCF as well as improved coordination in view of planning and climate programming for Namibia.
Nafidi said the grant will enable the ministry to conduct multi-stakeholder consultations nationally in order to ensure that its approach to country programming is underpinned by strong local engagement.
“This is in line with the immense responsibility of providing strategic leadership in ensuring that Namibia’s interactions with the GCF are in harmony with the country’s development priorities as well as investment criteria,” said Nafidi.
He noted that there are projects worth N.dollars 380 million in the areas of agriculture resilience, renewable energy and ecosystem adaptation that are waiting for funding from GCF before the end of 2017.
Nafidi said under the National Adaptation Plans, Namibia was allocated N.dollars 42 million (US.dollar 3 million) from GCF to strengthen national priorities for measures to address adaptation of climate change.
Minister of Environment and Tourism, Pohamba Shifeta attended the United Nations Climate Change Conference in Bonn, where the agreement was signed.
The EIF aims to support individuals, projects and communities that ensure the sustainable use of natural resources.
The GCF is a fund within the United Nations Framework Convention on Climate Change to assist developing countries in adaptation and mitigation practices to counter climate change.