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The Rwandan approach to maximising benefits from international climate finance


Munyazikwiye, Faustin; Michaelowa, Axel (2022). The Rwandan approach to maximising benefits from international climate finance. In: Michaelowa, Axel; Sacherer, Anne-Kathrin. Handbook of International Climate Finance. Cheltenham UK: Edward Elgar Publishing Online, 242-254.

Abstract

Rwanda is a least developed country that has emerged from complete devastation due to genocide in the last 25 years. The Rwandan approach to international climate finance aims at maximizing effectiveness and alignment across Rwandan government institutions. Its cornerstone is the Rwanda Green Fund (FONERWA) which invests in the best public and private projects that have the potential for transformative change and that align with Rwanda's commitment to building a strong green economy. FONERWA also provides expert technical assistance to ensure the success of its investments. The chapter describes international climate finance received by Rwanda to date and discusses the strategy to mobilize climate finance, the national priorities and challenges encountered over time. While Rwanda has been able to mobilize some international climate finance through a coordinated approach, a significant upscaling is required to reach the ambitious conditional targets of the updated NDC.

Abstract

Rwanda is a least developed country that has emerged from complete devastation due to genocide in the last 25 years. The Rwandan approach to international climate finance aims at maximizing effectiveness and alignment across Rwandan government institutions. Its cornerstone is the Rwanda Green Fund (FONERWA) which invests in the best public and private projects that have the potential for transformative change and that align with Rwanda's commitment to building a strong green economy. FONERWA also provides expert technical assistance to ensure the success of its investments. The chapter describes international climate finance received by Rwanda to date and discusses the strategy to mobilize climate finance, the national priorities and challenges encountered over time. While Rwanda has been able to mobilize some international climate finance through a coordinated approach, a significant upscaling is required to reach the ambitious conditional targets of the updated NDC.

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Additional indexing

Item Type:Book Section, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Language:English
Date:14 October 2022
Deposited On:03 Feb 2023 15:27
Last Modified:27 Mar 2024 04:50
Publisher:Edward Elgar Publishing Online
ISBN:9781784715649
OA Status:Closed
Publisher DOI:https://doi.org/10.4337/9781784715656.00017