Zambia Requires $50 Billion for Climate Obligations by 2030

Government says Zambia requires more than US$50 billion to meet its climate obligations between 2015 and 2030.

Secretary to the Treasury Felix Nkulukusa stressed the need for increased climate financing to support the country’s transition to a climate-resilient economy. His remarks were delivered on his behalf by Mulele Mulele during the Climate Finance Conference held in Lusaka.

Nkulukusa said climate change presents not only an environmental challenge but also a development challenge, particularly affecting vulnerable groups such as the poor, women, smallholder farmers, and other at-risk communities.

Meanwhile, Acting Permanent Secretary at the Ministry of Green Economy, Rainford Simumbwe, called for a coordinated approach to mobilising climate finance. He highlighted the need to raise US$34 billion for climate adaptation between 2023 and 2035.

Simon Ten Brinke-Jackson, the British Deputy High Commissioner, reaffirmed the United Kingdom’s commitment to supporting Zambia’s climate and development goals.