Rwanda Green Growth Strategy 18nov11 - Global Climate Change ...

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Chapter 5National Fund for Climate and the Environment - FONERWAFONERWA was provided for in organic law 04/2005 to support REMA. It is now being establishedwith a broader mandate which covers climate and environment, including water, forestry, mining and quarryresources. According to the draft bill, the Management Committee of FONERWA will consist of PermanentSecretaries from MINIRENA, MINICOM, MINAGRI, MINALOC, MININFRA, and MIDIMAR; the DirectorGeneral from REMA; the Director General of the Rwanda Natural Resource Board; a representative of thePrivate Sector Federation (PSF); and four representatives of non-governmental organisations operating inthe areas of environment, water and forests protection and climate change adaptation and mitigation.FONERWA will begin with a simple design, with a Technical Committee housed in REMA, charged with theday-to-day management of the fund, capitalising the fund through environmental taxes and grants fromdevelopment partners, mobilising other sources of climate finance, and assisting in carbon accounting.Once established, the Technical Committee will be transferred to MINECOFIN where it can employ morecomplex financing mechanisms, and eventually access concessional debt financing to increase capital forviable low carbon investments. FONERWA will seek to employ a wide-range of public financingmechanisms, such as performance-based grants, loan guarantees, lines of credit, and public venturecapital to create an attractive investment environment for low-carbon activities.The priorities of the Institutional Pillar are:Priority 1. Establish new institutional arrangements, namely a Technical CoordinatingCommittee and a Centre for Climate Knowledge for DevelopmentPriority 2. Mainstream the Strategy into Vision 2020, EDPRS II, and Sector policies andstrategiesPriority 3. Mainstream the Strategy into sub-national institutional arrangements, and theIntegrated Development Programme, and pilot ‘climate smart’ villagesPriority 4. Develop Local Adaptation Plans of Action and Locally Appropriate MitigationActions, and mainstream the Strategy into District Development PlansPriority 5. Develop a common UNFCCC negotiating position with the EAC and LDC and AfricagroupsKey responsible stakeholders are: MINIRENA, RNRA, MINALOC, RMS, RNRA, REMAPillar 2: FinanceOne of the two biggest challenges Rwanda faces in implementing this Strategy is access to finance.Rwanda has yet to fully exploit the international climate financing opportunities that exist, as shown in figure15 which lists the climate funds currently, or soon to be, available to each sector. These are detailed in theRwanda Climate Funds Toolkit in Appendix H which lists all available funds per sector and details the size,mandate, types of finance, project types, decision-making structure, application procedure, status inRwanda including local contacts, project examples, links and the key contact for each fund. This toolkitneeds to be updated on a regular basis as climate finance opportunities will increase substantially over thenext decade.30Government of Rwanda
Chapter 5WaterTransportMiningLandIndustryForestryEnergyClimate CentreDisaster Risk ReductionBuilt EnvironmentAgricultureChapter 5: Enabling PillarsAdaptation FundAfDB Congo Basin Forest FundAfDB Sustainable Energy Fund for AfricaAfrica Enterprise Challenge FundClean Technology FundClimate Finance Innovation FacilityClimDev-Africa Special FundDEG - Deutsche InvestitionsEIB Post-2012 Carbon Credit FundEIB-KfW Carbon Programme IIGlobal Climate Change AllianceGlobal Energy Efficiency and Renewable Energy FundGlobal Environment FacilityGlobal Facility for Disaster Risk Reduction and RecoveryHatoyama Initiative (Japan)International Climate Initiative (Germany)International Climate Fund (UK)International Development AssociationKfW Development & Climate FinanceLeast Developed Country FundNordic Climate FacilityPrivate Infrastructure Development GroupPublic-Private Infrastructure Advisory FacilitySeed Capital Assistance FacilitySpecial Climate Change FundUNDP Green Commodities FacilityUNDP/MDG Carbon FacilityUNEP Renewable Energy Enterprise DevelopmentWorld Bank Carbon FacilityWorld Bank Catastrophe Risk Management FacilityWorld Bank Forest Carbon Partnership FacilityFigure 15: International climate funds currently available for each sector in RwandaThe Cancun Agreements at COP16 made significant progress on areas related to climate finance:• Agreement to establish a Green Climate Fund, and extend USD 30 billion in ‘fast start finance’ formitigation and adaptation initiatives in developing countries between 2010 and 2012• Agreement to secure USD 100 billion per year in long-term financing for developing countries by2020, from a mix of public and private sources• Establishment of the Adaptation Committee to promote enhanced action on adaptation in acoherent manner - a draft decision text will be negotiated at COP17• Establishment of a registry for Nationally Appropriate Mitigation Actions (NAMAs) which consist ofa list of mitigation measures and sometimes a GHG emission reduction targetNational Strategy on Climate Change and Low Carbon Development 31
Page 4 and 5: Executive SummaryRwanda imports all
Page 6 and 7: Executive SummaryAs the three large
Page 8 and 9: Executive Summaryrural areas and th
Page 10 and 11: Executive SummaryviiiGovernment of
Page 12 and 13: xGovernment of Rwanda
Page 14 and 15: Acronyms and AbbreviationsJADF Join
Page 16 and 17: Definition of Key TermsClimate resi
Page 18 and 19: Chapter 1The purpose of the Strateg
Page 20 and 21: Chapter 1Strategy Write Up and Revi
Page 22 and 23: Chapter 2Rwanda hosts deposits of g
Page 24 and 25: Chapter 2temperature increase of up
Page 26 and 27: Chapter 2Figure 8: Global oil price
Page 28 and 29: Chapter 2Figure 10: Rwanda’s a) k
Page 30 and 31: Chapter 2GHG emissionsFigure 11: Il
Page 32 and 33: Chapter 216Government of Rwanda
Page 34 and 35: Chapter 3Vision 2050: For Rwanda to
Page 37 and 38: Chapter 4Programmes of ActionChapte
Page 39 and 40: Chapter 4Programme 4: Integrated Ap
Page 41 and 42: Chapter 4Programme 9: Efficient Res
Page 43 and 44: Chapter 5Enabling PillarsChapter 5:
Page 45: Chapter 5Assessment of Adaptation a
Page 49 and 50: Chapter 5Priority 3. Promote CDM an
Page 51 and 52: Chapter 5Priority 2. Develop capaci
Page 53 and 54: Chapter 5A Technology Needs Assessm
Page 55 and 56: Chapter 6Roadmap to ImplementationC
Page 57 and 58: Chapter 62. Integrated soil fertili
Page 59 and 60: Chapter 65. Knowledge Management: S
Page 61 and 62: Chapter 6Gender EqualityGender equa
Page 63 and 64: Chapter 6To deal with unavoidable m
Page 65 and 66: ReferencesReferencesReferences1. UN
Page 67 and 68: AcknowledgementsAcknowledgementsAck
Page 69 and 70: AcknowledgementsAndy Plumptre, Anec
Page 71 and 72: Detailed Programmes of ActionDetail
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Page 75 and 76: Strategic ObjectivesEnergy Security
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Rwanda Green Growth Strategy 18nov11 - Global Climate Change ...

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