Climate Finance Lessons From Rwanda
Developed countries have made little progress in providing climate finance for the transition towards low-emission and climate adaptive development pathways in developing countries. It is expected that a new legal agreement on climate finance will be reached at the UN Climate Change Conference in Paris (COP 21) later this year. It is vital that developing countries are able to motivate for greater climate finance accessibility. To this end, developing countries must demonstrate their ability to manage funds, develop projects that respond to social needs and indicate clear impact and results. Rwanda, which has successfully accessed some level of climate finance, provides lessons on how this may be done. This briefing outlines some of the reasons for Rwanda’s success. It focuses on its platforms for cross-institutional learning and engagement and the need for inclusivity at a local level. The briefing also details how project development capacity has been strengthened through the establishment of a dedicated climate fund. The paper is available on the SAIIA website.