| ndc |
24 November 2023

Rwanda Green Fund Celebrates a Decade of Impact

The Rwanda Green Fund has marked its 10th anniversary, a remarkable milestone of transformative impact in Rwanda. Established in 2012, the Fund has played a pivotal role in advancing the country's climate action agenda and fostering a greener, and more resilient future.

Rwanda has an ambitious Climate Action Plan to reduce greenhouse gas emissions by 38% by 2030 compared to business as usual. Achieving this will require investment of approximately US $11 billion, made up of 5.7 billion dollars for mitigation and 5.3 billion dollars for adaptation. It is expected that this funding will come from both domestic and external sources.

Over the past ten years, the Rwanda Green Fund has proven to be a catalyst in mobilising and managing funds dedicated to addressing climate change, promoting environmental conservation, and fostering strategic financial partnerships. The impact of the Fund’s investments is seen across communities, ecosystems, and industries, contributing significantly to the nation's green growth goals.

Key achievements of the Rwanda Green Fund over the past decade include:

  • Mobiling USD 274 million to invest in 46 transformative green projects
  • Establishing Rwanda’s first e-waste management facility
  • Contributing to Rwanda’s thriving e-mobility industry
  • Establishment of climate finance mechanisms such as Ireme Invest - Rwanda’s Green Investment Facility and Intego - Rwanda’s NDC Facility
  • Strengthening livelihoods and climate resilience of communities in Gicumbi District among other parts of the country
  • Spearheading the implementation of Africa’s first green city to advance sustainable and affordable urbanisation.
  • Creating over 172,000 green jobs for Rwandans in the areas of forest restoration, water resources management, climate smart agriculture, circular economy and waste management, renewable energy, and sustainable transport

"As we celebrate a decade of impact, we recognise the role the Rwanda Green Fund has played in advancing our nation's ambitious environmental and climate action goals. We thank all of the partners who have made the Fund’s work possible. This milestone marks a new chapter in our journey, one where we continue to innovate and lead in the pursuit of a green, sustainable and climate resilient Rwanda," said Teddy Mugabo, Chief Executive Officer, Rwanda Green Fund.

As part of the celebration, the Rwanda Green Fund unveiled its new brand identity as well as its strategic roadmap for the next decade. This includes a new vision, mission, and core values that reflect the Fund's evolving role in shaping the future of climate finance in Rwanda.

The 10th anniversary celebration brought together key stakeholders, government officials, partners, and environmental advocates to reflect on the achievements of the past decade and look ahead for an even brighter and greener future. It featured an exhibition of the Fund’s flagship projects as well as an award ceremony recognising partners who have supported the Fund to fulfil its mission.

About the Rwanda Green Fund

The Rwanda Green Fund is a groundbreaking environment and climate change investment fund. Established by the Government of Rwanda in 2012, the fund has a mandate to invest in public and private projects with the potential to create transformational change, build an ecosystem to incubate, accelerate and provide growth capital to high-impact green ventures and play a catalytic role to attract climate finance and green investment.

The Fund’s purpose is to unlock the power of green finance to achieve sustainable development. Its strategy is to provide unheralded technical and financial support to the best public and private projects that align with Rwanda’s commitment to a green economy.

Visit www.greenfund.rw to learn more.

 

Whatsapp

Topics


More posts

13 July 2022

Nyandungu Eco-Park Opens to the Public

From a degraded wetland to an educational and recreational eco-park in the heart of Rwanda’s capital city, Nyandungu is now open to the public.

  • The…
Read more →
29 June 2022

Top takeaway from Rwanda First Biennial Update Report submitted to the UNFCCC

In December 2021, Rwanda submitted the first Biennial Update Report to the United Nations Framework Convention on Climate Change (UNFCCC). This is in…

Read more →
28 June 2022

VIP VISIT FOR AFRICA’S CLEAN COLD CENTRE SHOWS HOW WE CAN KEEP ALIVE THE GOAL OF 1.5 DEGREE CELSIUS

COP President, the Rt. Hon. Alok Sharma MP, visited the Africa Centre of Excellence for Sustainable Cooling and Cold-chain (ACES) during his…

Read more →
28 June 2022

COMMONWEALTH LEADERS MEET IN KIGALI TO DISCUSS WAYS OF KEEPING THE 1.5-DEGREE GOAL ALIVE

The Governments of Rwanda and the United Kingdom together with the Presidency of the United Nations Climate Change Conference (COP26) have on 23rd Jun…

Read more →
20 June 2022

Climate change as key issue that are of special in the CHOGM – 2022 discussion

The effects of climate change are being felt throughout the Commonwealth, with some Member States experiencing climate change impacts, which is a…

Read more →
19 June 2022

Public and Private sectors, Green Climate Fund accredited entities and development partners joined in the structured dialogue

On 16 June 2022 at Kigali Serena Hotel, the public, private sectors, Green Climate Fund (GCF) accredited entities and development partners have joined…

Read more →
02 June 2022

REMA AND HIGHER LEARNING INSTITUTIONS AGREED TO ENHANCE PARTNERSHIP IN ENVIRONMENT AND CLIMATE CHANGE RESEARCH

As part of the “World Environment Day Celebrations”, Rwanda is holding its annual National Environment Week. The week begun on Saturday 28 May by the…

Read more →
18 May 2022

Global Leaders Convening Tomorrow at the SEFORALL Forum in Kigali for Landmark Event on Energy and Climate

At a time when far greater action is needed to fight climate change and to reduce global inequalities, the 2022 SEforALL Forum will commence tomorrow,…

Read more →
04 February 2022

Six ways Rwanda is building climate resilient transport systems

Over the last decade, Rwanda has invested in building efficient and resilient transport systems. Guided by the country’s Green Growth and Climate…

Read more →