Government through the Ministry of Green Economy and Environment has secured carbon finance under the Zambia – Norway Bilateral Agreement, meant to incentivise independent power producers to generate solar energy for the national grid in the country.
With support from GGGI’s Carbon Transaction Facility, the Carbon Feed-In Premium (CFIP) Programme will provide a top-up on existing tariffs for solar energy supplied to the grid.
The facility is designed to de-risk investments, improve bankability and make solar businesses viable.
This was made available in a statement issued to ZANIS by the Ministry of Green Economy and Environment Principal Public Relations Officer, Harriet Chimuka.
Ms Chimuka highlighted that Norway will purchase the carbon credits generated by these projects for a period of 10 years, after which the credits will count towards Zambia’s NDC achievement.
She expressed that this agreement positions Zambia to attract approximately $400 Million in investment, scaling up renewable energy, enhancing energy security and helping to meet climate commitments under the Paris Agreement.
Ms Chimuka further noted that the government has since thanked the Kingdom of Norway for this partnership as well as confidence in Zambia’s climate and energy agenda.
The Ministry has since called on independent power producers to participate in the Carbon Feed –In- Programme which will start from April 1 to 31st May, 2026, noting that the implementation will prioritise transparency, value for money and measurable emissions reductions.
