Short-medium term priorities (2020 – 2030)

In the next 5 to 10 years the priority is to increase electricity generating capacity and increase connections to the main grid. Small and medium scale hydro-electric plants will be delivered to ensure as electricity generation increases to power households and industries it does so exploiting green technologies as much as possible. The share of households connected to the main grid will progressively increase once the universal access target (of which 52% connected to the grid) is reached in 2024, and a major priority to build on this progress will focus on generating green energy to power productive economic sectors.

Long term ambitions (2030 – 2050)

The longer-term ambition will be to have a resilient, diverse, and green energy sector that underpins a carbon-neutral economy. This will include developing non-hydro based renewable energies, to ensure an electricity generating system that is resilient to future changes in rainfall patterns and water flow. This will include putting in place policies and regulations to encourage embedded renewable energy generation for households, businesses and major industries, and exploring cost-effective utility scale solar, wind, and geothermal technologies.

In the transport sector, an increase in the share of electric vehicles will be targeted, alongside fuel-efficiency measures and biofuels. Post-2030, measures to encourage private electrical vehicle adoption will be phased in, while all new ICE vehicles will need to meet high efficiency standards, while sustainable local biofuel technologies will also be explored.

Financing and unlocking implementation

A significant portion of the required funding in the next decade will come from the public sector, to develop key policies and hard infrastructure to catalyse private sector investment and economic activity in the longterm

Short-medium term priorities (2020 – 2030)

Rwanda will continue to develop its SEZs and industrial parks to develop light industry and service sector agglomerations. This will involve increasing incentives for green growth for example aiming for “zero waste”, switching to lower-impact materials, and using onsite renewable energy generation for agro-processing and manufacturing to serve the local market and exports to neighbouring counties.

Long term ambitions (2030 – 2050)

In the longer term, innovation centres will foster high-tech service sector agglomerations providing high-skill jobs adapted to a fast-evolving world-economy and resilient to physical and transition climate change risks. This will include building a regional leading financial services sector and exploring sophisticated financial instruments (including labelled bonds), while creating an ecosystem for a cutting-edge knowledge economy, initially building data analytics capabilities to support key industries and over time investing in skills for advanced technologies such as block chain, artificial intelligence etc

Financing and unlocking implementation

The majority of finance for green industries will be mobilised from domestic and international investors, with policy, regulatory, and some financial incentives from public funding. In particular, through PPPs to provide enabling public sector investment in key industrial parks and to encourage location of high-value businesses to innovation and agglomeration sites. While the need for public funding is limited to around US$ 46 million in the next 5 to 10 years, this should be aiming to form partnerships with private sector operators to mobilise up to US$ 10 billion in investment over the coming decades.