9.5 C
Alba Iulia
Monday, March 30, 2020

Optimism expressed for Zambia’s efforts to combat the effects of climate change

General News Optimism expressed for Zambia’s efforts to combat the effects of climate...

P4G Official Robyn McGuckin (L) ambassador Mukwita and Ms. Hadjuka (R)
P4G Official Robyn McGuckin (L) ambassador Mukwita and Ms. Hadjuka (R)

Africa GreenCo, an energy solutions company, has expressed optimism at Zambia’s efforts to combat the effects of climate change.

Speaking when she paid a courtesy call on Zambia’s Ambassador to Germany Anthony Mukwita, company co-founder Ana Hadjuka says the efforts by government to diversify the country’s energy sector will reduce Zambia’s vulnerability to the effects of climate change.

She was speaking against the backdrop of the United Nations-organized climate change conference, otherwise known as COP24, taking place in the Polish city of Katowice.

“We have noted President Lungu’s decision to scrap energy subsidies thereby paving the way for private sector investment”, Ms. Hadjuka said.

She said the practical measures taken by the Zambian government motivated her company to seek opportunities to work in the country’s energy sector as the latter undergoes changes in line with the dictates of climate change.

And Ambassador Mukwita said the government of President Lungu took climate change seriously having experienced one of the most devastating power shortages that threated the whole economy between 2015 and 2016.

This was owing to low water levels in the Zambezi River on which the Kariba Dam, the source of hydro power in Zambia is located, a phenomenon expert attributed to climate change.

“This is why Zambia is represented at this conference by the Minister of Lands and Natural Resources Jean Kapata for purposes of adding our voice to the global narrative on climate change”, said ambassador Mukwita.

Africa GreenCo has been in discussions with the Zambian government regarding the possibility of setting up a jointly-owned but independently managed creditworthy intermediary offtaker that should attract private investment in renewable energies in the country.

Since Zambia’s independence 54 years ago, government has borne the financial burdens of shoring up the operations of the electricity supply company, ZESCO. However, the model proposed by Africa GreenCo shifts the burden to the markets.

For its operational capital, Africa GreenCo has applied for funding from sources that include Green Climate Fund, GCF, while a full funding proposal of $100 million dollars was submitted earlier this year by the African Development Bank and the Development Bank of Southern Africa with a letter of support from the ministry of National Planning in its role as Zambia’s National Designated Authority for GCF.

The Africa GreenCo proposal for Zambia was also approved by the European Commission under the External Investment Plan in July this year under the leadership of AFD (the French Development Bank). Other funding is expected from Partnerships for Green Growth and the Global Goals, P4G.

This is according to a statement issued to the Media by First Secretary for Press and Public Relations at the Zambian Embassy in Berlin Kellys Kaunda.

[Read 730 times, 1 reads today]

2 COMMENTS

  1. Really laughable. What does Zambia produce to even affect the global environmental pollution? We cant even make inyeleti. Hahaha.
    Sit down and just watch global economics.

Comments are closed.

- Advertisement -
Loading...

Latest News

HH wants Correctional facilities and Police Cells decongested in the wake of COVID-19

UPND Leader Hakainde Hichilema has written to the Ministry of Home Affairs, the Chief Justice, the Director of Public...

Effects of COVID-19 Disease on the Zambian Mining Industry

By Webby Banda CTPD-Senior Researcher (Extractives) The Centre for Trade Policy and Development (CTPD) has observed that Mineral commodity prices have plummeted in recent days...

The People of Serenje have rejected Bill 10 – MMD Official Tells Off Nakachinda

Opposition New Hope Movement for Multiparty Democracy (MMD) in Serenje district have said that the people in the district have rejected the Bill 10. The...

Only adds one more case to its COVID-19 numbers, only one patient is severely ill

Health Minister Dr. Chitalu Chilufya has announced that Zambia has only recorded one COVID-19 case in the last 24:hrs bringing the total number of...

Kalusha Bwalya’s Lawyers say that his appeal is still being considered

Football Icon Kalusha Bwalya’s Lawyers say the appeal to FIFA’s Court of Arbitration for Sports (CAS) has NOT yet been heard and determined. Bwalya’s Lawyers...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]