Minister of Green Economy and Environment, Mike Mposha, says the Zambia Green Finance Taxonomy (ZGFT) will equip Zambia’s financial system with a standardised framework for identifying environmental and economic activities, to help financial institutions in making responsible and informed decisions.
Mr Mposha said this in a speech read on his behalf by the Ministry’s Permanent Secretary, Douty Chibamba, during the Launch of the ZGFT in Lusaka today, were he noted that the ZGFT aligns with Zambia’s 8th National Development Plan and the country’s aim of achieving vision 2030.
The media reports that Mr Mposha said the development reflects the mission to build an economy which is not only competitive but also planned resilient, inclusive and aligns with global sustainability standards.
He added that this milestone stands as a testament of what can be accomplished when government, development partners, financial institutions and civil societies work together towards a common purpose.
Meanwhile, United Nations Development Programme (UNDP) Resident Deputy Representative, Laurent Rudasingwa, said the launch of the ZGFT will improve transparency and help to position the country in the developed economic landscape.
He added that the ZGFT is not a technical document, but a strategic tool to help Zambia mobilise the finance required to protect its ecosystem.
And Canadian High Commission Head of Office, Corry Van Gaal, stated that the launch of the ZGFT is an important milestone, urging that the hard work and technical work that was dedicated to it should be applauded.
She said the ZGFT will help in acquiring sustainable investment, adding that it is also a strong example of what can be achieved when stakeholders work together.
