Rwanda secures €46 million to implement climate pledges
Rwanda has launched a €46 million facility that will finance government institutions working to implement Rwanda's climate action plan, also known as the Nationally Determined Contribution (NDC) to the Paris Agreement.
Rwanda’s 10-year climate action plan aims to reduce greenhouse gas emissions by 38 per cent by 2030 compared to business as usual.
This is equivalent to the estimated mitigation of up to 4.6 million tonnes of emissions.
The cost of the plan is estimated at $11 billion, made up of $5.7 billion for mitigation and $5.3 billion for adaptation.
It is expected that 40 per cent of this investment will come from domestic sources and 60 per cent from external sources across all sectors.Read