By 
The Zambian Government has engaged the Global Green Growth Institute (GGGI) to explore opportunities for mobilising green bond financing and expanding access to climate finance.
Minister of Green Economy and Environment Gilbert Siame met with senior GGGI officials in Seoul, South Korea, to discuss potential green bond initiatives and ways to increase Zambia’s access to sustainable capital markets.
In a statement issued in Lusaka, Ministry Principal Public Relations Officer, Harriet Chimuka, said discussions held on Wednesday focused on leveraging GGGI’s Global Green Bond Initiative (GGBI).
Chimuka said the GGBI was a flagship partnership with the European Union under the EU Global Gateway strategy.
She said the initiative provided technical assistance and risk-reduction mechanisms to help partner countries develop domestic green bond frameworks and attract private capital from international institutional investors for climate and environmental projects.
Read More: Botswana, DRC urge Zambia to deepen regional mining partnerships
“In addition to the EU partnership, the bilateral meeting examined new avenues of support under the Luxembourg-supported Global Trust Fund on Sustainable Finance Instruments (GTF),” Chimuka said.
She said the fund offered specialised capacity-building and thematic bond services aimed at accelerating the mobilisation of international green finance for priority national sectors.
Chimuka said the engagement was expected to support Zambia’s broader green growth strategy.
“This will power the Grow Zambia agenda, driving sustainable economic transformation, climate-resilient infrastructure, and green job creation across the country,” she said.
She said Zambia was seeking to scale up climate finance to support its transition to green growth, with green bonds identified as a potential instrument for mobilising private investment in renewable energy, sustainable agriculture and climate-resilient infrastructure.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments