Rwanda has mobilised approximately US$5 billion for climate and environmental programmes and is seeking another US$7 billion to implement its climate action plan through 2035.
Teddy Mugabo Mpinganzima, Chief Executive Officer of the Rwanda Green Fund, disclosed the figures during a media briefing alongside Environment Minister Dr Bernadette Arakwiye.
“We have mobilised US$5 billion for these projects, and we are now seeking another US$7 billion,” Mugabo said.
Rwanda estimates that implementing its Nationally Determined Contribution 3.0 between 2025 and 2035 will require about US$12 billion.
Approximately US$7 billion is allocated to climate adaptation, while nearly US$5 billion will finance measures to reduce greenhouse gas emissions.
The plan identifies about US$2.14 billion in unconditional measures to be funded through domestic resources, equivalent to nearly 18 per cent of the total estimated cost.
Another US$9.89 billion is tied to conditional measures that will require international financing and support.
Under the plan, Rwanda aims to reduce its net greenhouse gas emissions by as much as 53 per cent by 2035 compared with projected business-as-usual levels.
Domestically supported measures are expected to deliver a seven per cent reduction, while an additional 46 per cent reduction will depend on international support.
These percentages refer to Rwanda’s emissions reduction target, not the proportion of NDC financing.
The climate plan comes as Rwanda faces increasingly destructive floods, landslides and droughts. In 2023 alone, floods and landslides killed 131 people and caused damage estimated at more than US$415 million across the Northern, Western and Southern provinces.
Mugabo said Rwanda would continue working with development partners while expanding its engagement with private investors. The country is also considering market-based financing instruments, including green bonds and other securities through which local investors could participate.
Priority investments include climate-resilient agriculture, renewable energy, forest restoration, water security, electric mobility, waste management and cleaner industrial production.
Rwanda’s challenge will be to transform these priorities into commercially viable and investment-ready projects capable of attracting both domestic and international capital.
