Malawi Government launches National Climate Change Investment PlanApr 25, 2014
The Government of Malawi through the Ministry of Environment and climate change management has set a new trend in the pursuance of creating a climate resilient society by coming up with a US 1 billion dollar investment plan in climate change.
The five-year National Climate Change Investment Plan (NCCIP), the first of its kind in Africa, was launched by the Minster of Environment and Climate Change Management, Honourable Halima Daud, at Capital Hotel Marquee in Lilongwe on April 25th.
The NCCIP has been developed to increase climate change investments, aid allocation of resources to key environment and climate change priority areas, and ensure that actions taken to address climate change are timely and well coordinated.
Speaking during the launch, Honourable Daud hailed the plan as a milestone for her Ministry and a vivid demonstration of government’s desire to attain excellence in climate change management in the region.
“The Investment Plan is one of the key instruments that the country needs to ensure that there is increased and coordinated investment in the climate change sector. As a Ministry, we are challenged to put in place an enabling framework for managing the adverse effects of climate change in this country.
“This launch marks a new chapter in effectively addressing critical issues that affect climate change in our country. The responsibility that is bestowed upon us is enormous, but we can prevail if we pool our efforts and resources together,” said Honourable Daud.
With the NCCIP, Government hopes to reverse the negative impacts of climate change by fostering a coordinated approach to managing initiatives in the area and allowing Malawi to develop to its full potential within a well-protected sustainable environment.
The plan prioritises investments in adaptation, mitigation, capacity development, and research and technology development & transfer. Of these priorities, adaptation has been identified as requiring considerable investments of about US$460 million dollars between now and 2018.
In terms of where these resources will come from, the plan identifies the public sector, civil society, development partners, the private sector, and carbon markets as the ideal funding sources for the investments.
Ms. Carol Flore-Smereczniak, Deputy Resident Representative of UNDP (Programme), who was representing the organisation during the launch, explained the importance of having the plan ahead of 2015 when a new development agenda will succeed the Millennium Development Goals (MDGs).
“At the moment plans are being developed around Sustainable Development Goals (SDGs) and a new global climate change framework, among others. Climate Change features in all these plans, together with pledges for increased climate financing through the new Green Climate Fund, for instance.
“As Malawi, we need to be well prepared for the time when these funds will become available, as there will be stiff competition and stringent conditions in accessing them. With the current Investment Plan, I believe we have made a big step forward to tap into these future sources of climate change financing,” said Flore-Smereczniak.
This investment plan is a key outcome of the UN-supported National Climate Change Programme which is currently being implemented by Government with technical and financial support from UNDP.
The next step following the launch is to operationalise the plan by setting up a national climate change fund, as indicated in the plan, which should serve as the conduit for all national climate change financing and thus significantly decrease the transaction costs and increase coordination.