Economy

Zambia pushes for bigger share of global carbon finance at Paris meeting

0

Zambia is stepping up efforts to unlock greater climate financing by participating in a high-level global meeting in Paris aimed at expanding carbon finance for sustainable forest management and low-emission development.

The Ministry of Green Economy and Environment is taking part in the Joint Green Carbon Funds Meeting, being held at the World Bank Country Office in Paris, France, from June 29 to July 2, where governments and development partners are discussing ways to scale up carbon finance through jurisdictional REDD+ programmes.

Representing Zambia are Eastern Province Jurisdictional Sustainable Landscape Programme (EP-JSLP) Coordinator, Noel Muchimba, MRV Technical Officer, Arthur Asumani and TRALARD II National Coordinator, John Banda.

In a statement issued on Wednesday, participants were also exploring practical ways of mobilising results-based climate finance, sharing lessons on enhancing forest carbon stocks and identifying solutions to common implementation challenges.

Read more: Zambia seeks climate-resilient growth amid economic development push

“Zambia is using the platform to share its experiences while learning from other countries to strengthen the implementation of forest conservation and climate programmes,” the Ministry said.

It said the country’s participation reflected its commitment to promoting sustainable forest management, building climate resilience and expanding access to green carbon finance to support low-emission and sustainable development.

The Paris engagement follows Zambia’s active participation at the recently concluded 64th United Nations Climate Change Subsidiary Body Meetings (SB64) in Bonn, Germany, where the Ministry, in partnership with Switzerland’s KliK Foundation, hosted a side event focusing on the implementation of national carbon markets.

Held under the theme, “National Carbon Markets in Practice: The Role of Sectoral Clarity on Additional Climate Action Under Article 6.2,” the event brought together representatives from Zambia, Malawi, Senegal and Switzerland to discuss national carbon market strategies.

Discussions focused on carbon market frameworks, defining sectoral priorities, aligning Article 6 activities with national climate targets, strengthening institutional arrangements and improving policy coordination.

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.

Copper gains on easing geopolitical tensions as Kwacha holds firm

Previous article

Mundibile laments failed promises to Barotseland, says TONSE Alliance will redeem pledges to Western Province

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

two + 14 =

More in Economy