Rwanda has mobilised about $5 billion of the $12 billion it estimates is needed to strengthen climate resilience and protect the environment, Rwanda Green Fund Chief Executive Officer Teddy Mugabo Mpinganzima has said.
Mugabo made the disclosure during a media briefing held alongside Minister of Environment Dr Bernadette Arakwiye, where they outlined Rwanda’s efforts to address climate change, reduce harmful emissions and strengthen the country’s capacity to cope with environmental challenges.
According to Mugabo, the country still faces a significant financing gap, with about $7 billion yet to be secured to meet the estimated requirement.
> “Of the $12 billion that Rwanda needs for climate action and environmental protection, we have so far mobilised $5 billion,” Mugabo said.
The funds are expected to support a range of climate and environmental interventions, including measures aimed at building resilience against disasters, protecting ecosystems and reducing greenhouse-gas emissions.
Rwanda has increasingly focused on climate resilience as the country continues to experience climate-related disasters, including floods and landslides that have affected communities, infrastructure and livelihoods.
The government says increased investment is needed not only to respond to disasters after they occur, but also to strengthen preventive measures and ensure communities and infrastructure are better prepared for climate-related risks.
The briefing also discussed Rwanda’s broader strategy for reducing emissions and implementing its climate commitments, as well as upcoming international meetings and conferences expected to shape global discussions on environmental protection and climate finance.
The financing gap remains one of the major challenges facing developing countries seeking to implement ambitious climate programmes. Rwanda is therefore looking to mobilise additional resources from international partners, climate-finance institutions and other sources to complement domestic efforts.
The $12 billion requirement reflects the scale of investment Rwanda considers necessary to address climate-related risks while pursuing environmental protection and sustainable development.
With $5 billion already mobilised, the country has secured roughly 42% of the estimated requirement, leaving approximately 58%, or $7 billion, still to be raised.
