Rwanda’s updated nationally deter- mined contribution sets out the goal of cutting greenhouse gas emissions by 38% by 2030 compared with a business-as-usual scenario. This has a projected cost of $11 billion through 2030: 40% is expected to be mobilised internally and the remain- ing 60% will require external support. 38 % $11bn
mobilising and effectively utilising climate finance. A notable milestone is the establishment of IREME Invest, a green investment facility for Rwanda’s private sector to support green busi- ness growth in the areas of clean energy and smart mobility, among others. Rwanda has mobilised a sub- stantial amount of domestic and international resources. It has also secured partnerships with multilateral organisations and aligned its devel- opment priorities with sustainability objectives. The government has worked closely with financial institutions on sustainability-linked bonds to ensure financial flows support the country’s climate goals. Through climate finance
tracking mechanisms such as climate budget tagging, starting with 2024/ 2025, the Ministry of Finance and Economic Planning will be able to effectively track and report finance channelled to climate action. Rwanda also launched its ‘Green Taxonomy’ in 2023 to serve as a valuable framework for shaping and defining sustaina- ble economic activities, establishing standards for green bonds and loans, and advancing the government’s climate budget tagging initiative. Rwanda is committed to further enhancing its institutional capacity for climate finance and action. We look forward to sharing best practices and lessons learned on enhancing climate action and financing a just transition.
Æ JULIET KABERA ÅêáÞÚéÆÖ×ÚçÖÝÖè×ÚÚãÙÞçÚØéäçÜÚãÚçÖáäÛéÝÚÍìÖãÙÖÀãëÞçäãâÚãéÈÖãÖÜÚâÚãé¼êéÝäçÞéîèÞãØÚ ÎÝÚåçÚëÞäêèáîÝÚáÙéÝÚåäèÞéÞäãäÛÙÞçÚØ - éäçÜÚãÚçÖáäÛÀãëÞçäãâÚãéÖãÙ¾áÞâÖéÚ¾ÝÖãÜÚÖééÝÚÈÞãÞèéçîäÛÀãëÞçäãâÚãéÎÝÚ×ÚÜÖãÝÚçØÖçÚÚçÖèÖãÚãëÞçäãâÚãéâÖãÖÜÚâÚãéäĝØÚç ÖãÙìÖèÞãëäáëÚÙÞãÍìÖãÙÖąèåäáÞØÞÚèÖãÙÚãÛäçØÚâÚãéäÛÙÞĚÚçÚãéáÖìèèêØÝÖèéÝÚ $áÖì×ÖããÞãÜåáÖèéÞØ×ÖÜèÖãÙéÝÚ %áÖì×ÖããÞãÜ èÞãÜáÚêèÚåáÖèéÞØèÎÝÚÖáèäØÝÖÞçÚÙéÝÚÚíÚØêéÞëÚØäââÞééÚÚäÛéÝÚÈêáéÞáÖéÚçÖáÁêãÙäÛéÝÚÈäãéçÚÖáËçäéäØäáÞã %
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