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Rwanda unveils revised green growth strategy

Tuesday, 06 June 2023 17:17
Rwanda unveils revised green growth strategy

(Ecofin Agency) - Rwanda is committed to becoming a green economy and reducing its emissions by 38% by 2030. Faced with the continuing impact of climate change, the government has revised its resilience strategy to provide more efficient responses.

The Rwandan government has launched its revised green growth strategy to achieve a more climate-resilient economy, the Ministry of the Environment announced, Monday. 

The strategy was revised in partnership with the United Nations Development Program (UNDP). It is in line with "Vision 2050," the country’s long-term development strategy, and aims to seamlessly guide the implementation of the national climate policy across all sectors of the economy and facilitate access to international climate financing and investment.

The strategy aims to guarantee access to low-carbon energy and green services, promote the sustainable management of land and water resources, social protection, improve health and reduce disaster risks.

Its implementation will require an average of $2 billion investment yearly. $700 million will come from the government and the remaining is expected from external sources, thanks to mobilization efforts led by the Ministry of Finance and the Rwanda Green Fund, climate funds, the private sector, and innovative financing mechanisms. 

"This strategy represents our unwavering commitment to addressing climate change and building a resilient and low carbon economy. By aligning our national goals with global priorities, we are taking proactive steps to achieve our ambitious climate action targets," said Jeanne d'Arc Mujawamariya, Minister of the Environment.

In 2011, the East African country adopted a groundbreaking Green Growth and Climate Resilience Strategy (GGCRS) intending to become a developed, climate-resilient, low-carbon economy by 2050. In the short term, Rwanda is committed to becoming a green economy and reducing its emissions by 38% by 2030.

Charlène N’dimon (intern)

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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