• Government has heightened efforts to mobilize financial resources to support climate change.
• Ministry of Green Economy is building a conducive environment to attract climate financing from multilateral and bilateral partners.
• Government is working closely with financial institutions to green the sector

Ministry of Green Economy and Environment Permanent Secretary says government has heightened efforts to mobilise financial resources to support climate change activities.
Speaking on the sidelines of the Green Climate Fund (GCF) Global Programming Conference in Incheon, South Korea, John Msimuko revealed that government is building a conducive environment to attract climate financing from multilateral and bilateral partners as well as the private sector.
Mr. Msimuko said Government is working closely with financial institutions to green the sector in order to make more climate financing available to the private sector.
“Over the past year, the Ministry of Green Economy and Environment has been tirelessly working to mobilise climate financing from the Global Climate Fund (GCF), Global Environment Facility, Climate Investment Funds, the Adaptation Fund as well as various bilateral partners,” he said.
He stated that while the needs of developing countries in climate investment remain in trillions of US dollars, the available financing to translate the needs into concrete climate investments are less than five percent of the needs.
“Government is working towards putting in place an enabling environment for the private sector to invest in green financing, green growth and climate related activities.” he added.
Mr. Msimuko observed that innovative financing mechanisms incorporating multilateral, bilateral and private sector partners were key for the successful establishment of a green economy.
“In recognition of the stiff competition for scarce resources for combating climate change, the Zambian Government is designing innovative projects and programmes with the involvement of local communities and the private sector with support from partners such as the GCF,”he revealed.
“The mismatch between the needs and available financing calls for developed countries to enhance the level of financing and developing countries to strengthen the ability to attract diverse sources of finance to climate investments,” he said.