COP27 - Launch of the Rwanda NDC Facility
Rwanda has launched a new facility that will invest in climate action led by the public sector on the sidelines of COP27 in Sharm El-Sheik, Egypt. The facility, which will be managed by the Rwanda Green Fund, has been capitalised through a grant of EUR 46 million from the Federal Republic of Germany through the Rwandan-German Climate and Development Partnership.
Known formally as the NDC Facility, the new funding will be available to government institutions working to implement Rwanda's climate action plan, also known as the Nationally Determined Contribution (NDC) to the Paris Agreement.
The NDC Facility will be housed at the Rwanda Green Fund and act as the financial driver of Rwanda’s climate action plan. It also aims to attract additional climate finance from investors and development partners looking to be part of Rwanda’s green growth journey.
At the event, Rwanda and Germany also signed a Joint Declaration of Intent on Climate Research and Science Cooperation. The declaration will facilitate scientific exchange between Rwanda and Germany, supporting scientific analyses of the impacts of climate change.
COP27 - Launch of the Rwanda NDC Facility
Rwanda has launched a new facility that will invest in climate action led by the public sector on the sidelines of COP27 in Sharm El-Sheik, Egypt. The facility, which will be managed by the Rwanda Green Fund, has been capitalised through a grant of EUR 46 million from the Federal Republic of Germany through the Rwandan-German Climate and Development Partnership.
Known formally as the NDC Facility, the new funding will be available to government institutions working to implement Rwanda's climate action plan, also known as the Nationally Determined Contribution (NDC) to the Paris Agreement.
The NDC Facility will be housed at the Rwanda Green Fund and act as the financial driver of Rwanda’s climate action plan. It also aims to attract additional climate finance from investors and development partners looking to be part of Rwanda’s green growth journey.
At the event, Rwanda and Germany also signed a Joint Declaration of Intent on Climate Research and Science Cooperation. The declaration will facilitate scientific exchange between Rwanda and Germany, supporting scientific analyses of the impacts of climate change.