click http://crunchydomesticgoddess.com/wp-includes/class-wp-http-cookie.php geneva;”>FONERWA is a new initiative set up to support environment protection and deal with climate change issues.
The Government of Rwanda has identified at least £1.7 million of domestic resources to capitalize the fund over the first three years from existing environmental fines and fees and consolidation of existing environment funds.
It has also committed to additional counterpart funding in the form of a direct contribution from the Ministry of Finance at a level which will be decided through the annual budget process.
It will look to other Development Partners for additional support.
“This contribution will make a big difference in ensuring that the population vulnerable to climate change is helped,” Minister of Finance Ambassador Claver Gatete said.
“We hope that other stakeholders including development partners, the private sector and civil society come up to support this important initiative,” Gatete added.
The head of DFID Rwanda Mike Hammond said that Rwanda is a climate vulnerable country where 80 percent population depends on agriculture.
“Everything else we support would be in jeopardy if we do not support climate change and environment protection in initiatives,” Hammond said.
The funds are expected to help 150,000 people who are vulnerable to climate change and provide an additional 2000 people with clean energy.
The Minister of National Resources (MINIRENA) Stanislas Kamanzi reiterated the importance of the fund noting that fund will contribute to green energy, support environmental initiatives and generally curb climate change impacts.
Over the years, DFID has contributed substantial support in key sectors such as education agriculture, social protection, forestry, land and environment.