LUSAKA, Aug. 12 (Xinhua) -- Zambia needs approximately 34.7 billion U.S. dollars to implement its national climate change adaptation plan between 2023 and 2035, a senior government official said Tuesday.
Minister of Green Economy and Environment Mike Mposha said that the government is actively mobilizing the necessary financing through mechanisms under the United Nations Framework Convention on Climate Change, the Global Environment Facility, and the Green Climate Fund.
"We are also mobilizing resources from multilateral development banks, including the World Bank, the African Development Bank, and the International Finance Corporation," Mposha said at the opening of the 2025 Global National Adaptation Plan Expo in Lusaka, the country's capital.
He added that the government is also deploying innovative financing tools, such as green bonds, to secure the resources needed for the plan's implementation.
Mposha called on the global community to uphold the principles of climate justice and equity by ensuring that least developed countries can access sufficient adaptation financing.
He emphasized that countries should leverage innovative sources of finance that provide scaled-up funding for the implementation of national adaptation plans, noting that Zambia has made significant progress in executing its adaptation plan, officially launched in 2023, by integrating it into national development processes. ■