Jul 21, 2017 Last Updated 10:01 AM, Jul 20, 2017

Malawi Upbeat In Climate Financing

Malawi has over the years been subjected to the harsh effects of climate change Malawi has over the years been subjected to the harsh effects of climate change Image sourced at faceofmalawi.com
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Malawi’s government is being challenged to develop mechanisms that will see the country reducing overdependence on foreign agencies for funding in climate

The southern African nation has already has faced the harsh impacts of climate change which include floods and droughts that led to death and displacement of hundreds of people.

Experts in the sector insist even when the country has a low capacity of mobilising resources on climate financing, dependence on donor money is tricky since it is unpredictable.

National Youth Network on Climate Change (NYNCC) Programs Manager Dominic Nyasulu, insists Malawi has had a bad taste of climate change and must act fast.

“The challenge we have is that we rely much on donor money for climate financing and as a result it comes at a wrong time due to its unpredictability and leaves people suffering still,” lamented Nyasulu.

He further indicated that much as money for disaster preparedness or climate change is mainly sourced from foreign agencies, government is trying its best through the use of the national budget.

Apart from United Nations Development Programme (UNDP) and other foreign agencies assisting Malawi on climate financing, help also comes from the Green Climate Fund (GCF).

Minister of natural resources, energy and mining, Bright Msaka shares the same views on local resource mobilisation.

“What is clear here is that we must find innovative ways of finding resources finding finances for environmental degradation and must not at all times depend on foreign support,” highlighted Msaka.

The minister believes forests that have been restored can help Malawi avoid climatic impacts and therefore communities must learn to source funds for that on their own to cover more areas.

Malawi government has already started walking the talk by encouraging communities in forests restoration as a long term solution.

Under the Bonn Challenge, it is expected that 4.5 hectors of land in Malawi will have restored and regenerated forests by the year 2020.

This week, National Forest Landscape Restoration and National Charcoal Strategy strategies have been launched to help mitigate the climate change impacts.

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