According to the Ministry of Environment and Tourism Namibia will join Rwanda as the only two African countries accredited by the Green Climate Fund (GCF) out of 116 applications.
This means that the institutions accredited, and in Namibia’s case, the Environmental Fund of Namibia, will act as channel through which the Fund will deploy its resources.
It also means that Namibia will be able to access grant funding totalling N$588 million or more to finance climate change mitigation strategies.
This offers Namibia an opportunity to build a climate-resilient economy.
Read more about Namibia to tap into Green Climate Fund
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