Ministry of Finance says effects of climate change are slowing economic growth as a result of adverse effects in almost all sectors of the economy especially Agriculture, Tourism and Energy.
Minister of finance Dr Bwalya Ngándu says the initiative will provide opportunities for the Private, Public the Civil Society entities to take collective actions to address climate risks through bankable risks.
Dr Bwalya adds that the fund will provide an excellent opportunity for the country to embark on an informed science based process to support the development of bankable solutions for companies and industries affected by climate change.     
The Minister was speaking in a speech read on his behalf by ministry of finance Controller Internal audit Joyce Sundano at the Launch of the Dutch Fund for Climate Change and Development worth 166 million Euros that will benefit four countries that include Zambia, Kenya, Turkey and Paraguay.
And speaking earlier World Wide Fund Zambia Country Director Nachilala Nkombo says Climate Change impacts are being felt by all Zambia as it is affecting areas of economic development.
Ms Nachilala adds that economic growth of every nation depends on the environment because of the strong relationship between the economy and the environment.
Ms Nachilala says Dutch Fund for Climate Change cannot come at a right time than now, when Zambian water bodies and the environment are feeling the negative impacts of climate change. She says the funds will help find solutions to the change.