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Namibian Environment Minister Pohamba Shifeta said Namibia as a party to the Paris Agreement is required to establish an NDC, as part of the international treaty on climate change. The country requires N$255 billion to successfully address greenhouse emissions by 2030.
Namibian Environment Minister Pohamba Shifeta said Namibia as a party to the Paris Agreement is required to establish an NDC, as part of the international treaty on climate change. The country requires another N$255 billion to successfully address greenhouse emissions by 2030.
Namibia is a Party to the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The purpose of these international treaties is to limit global warming to 1.5 Degrees Celsius above the pre-industrial levels through greenhouse gas emission reduction efforts whilst helping the most vulnerable countries to cope or adapt to the adverse impacts of climate change.
Nationally Determined Contribution (NDC), is a climate action plan to cut emissions and adapt to climate impacts. Namibia considers its NDC to be equitable, fair, and ambitious. It contributes to achieving the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The NDC is a living document that must be updated regularly to match the new decisions under the UNCCC processes and new emerging technologies. 90% of the required funds to implement the NDC will be sourced from multilateral and bilateral sources and only 10 % domestically.
According to the government’s plans, N$108.4 billion (US$6 billion) has been allocated for adaptation and N$146.6 billion (US$9 billion) for mitigation.
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The Minister further stated that other funding windows where Namibia can source funds include the Adaptation Fund (AF) and that Namibia has mobilised more than N$5 billion to implement various projects countrywide since 1992 when the Multilateral Environmental Agreements were established. Namibia is a net sink of carbon and is eligible to receive foreign funding for climate change in accordance with the UN Convention and Paris Agreement, developed countries must compensate Namibia for the damage caused by their historical emissions.
