20th – 21st February 2024, Kigali Rwanda. In the ongoing battle against climate change, one of the most critical components is the availability and effective allocation of finance. Addressing this pressing issue, the 3rd East African Climate Finance Director Level Meeting (EACFDLM) was convened in Kigali, Rwanda. The event was organized by the Global Green Growth Institute (GGGI), along with the Governments of Uganda and Rwanda, and was funded by the United Kingdom, Foreign Commonwealth Development Office (FCDO) as part of the Taskforce on Access to Climate Finance (TACF) initiative.

TACF was formed to support developing countries to adapt to climate change and establish green growth pathways. Uganda and Rwanda’s selection as two of the five pioneer countries for the TACF has highlighted FCDO’s commitment to addressing climate change and sustainable development in the region.

As the backdrop of this TACF initiative, delegates from Rwanda, Uganda, Tanzania, Kenya, South Sudan, and Somalia, alongside esteemed regional partners such as the African Development Bank, the East African Community, GGGI, FCDO, and the German Embassy in Rwanda convened for the 3rd EACFDLM to engage in robust discussions spanning a wide spectrum of topics related to climate finance. Throughout the meeting, member countries and regional partners provided insightful updates on their progress in mobilizing, utilizing, and tracking climate finance. Moreover, fruitful discussions ensued regarding member countries’ access to finance for non-renewable biomass, with valuable lessons learned and shared challenges addressed.

In the opening session, Dr. Claudine Uwera, the Minister of State in the Government of Rwanda Ministry of Environment highlighted Rwanda’s dedication to collaborative efforts stating, “…we stand on reliable partnerships to accelerate climate action and results to share with other countries to raise the ambition that climate change merits.”

This meeting underscored the crucial role of collaborative efforts in addressing the climate finance gap. By fostering dialogue and knowledge exchange among diverse stakeholders, the EACFDLM not only facilitated the sharing of best practices but also highlighted avenues for collective action. The participation of both government and non-government actors emphasized the multi-dimensional approach necessary to tackle climate finance challenges effectively and drive tangible progress.

Moreover, the meeting served as a testament to the growing recognition of climate finance as a key enabler of sustainable development in the East Africa region. By harnessing innovative financing mechanisms through a programmatic approach, enhancing transparency and accountability, and promoting inclusive decision-making processes, stakeholders reaffirmed their commitment to driving tangible progress toward climate resilience, adaptation, and mitigation efforts. As the impacts of climate change continue to escalate, the importance of forums like the EACFDLM cannot be overstated.

The meeting concluded with a visit to the Nyandungu Eco-Park, an urban wetland located in Kigali that serves as a blueprint for sustainable development Rwanda Environment Management Authority (REMA): Nyandungu Urban Wetland Ecotourism. that promotes the conservation of natural resources, support local communities, and provide meaningful experiences for visitors interested in exploring Rwanda’s rich biodiversity and natural heritage. Delegates observed firsthand the beneficial effects of sustainable projects on both local populations and ecosystems, underscoring the significance of incorporating green growth principles into climate action plans, a consideration Uganda is contemplating.

Moving forward, the EACFDLM emphasized the continued need for sustained collaboration and concerted action to mobilize the financial resources necessary for safeguarding the planet and securing a prosperous future for generations to come. Member countries and partners have committed to actions that will progress their path to climate action such as the creation of enabling environments, the progression of innovative finance tools such as Green or Sustainability-linked Bonds and Debt for Nature Swaps, implementation and oversight of green projects and progress towards action on carbon markets. By fostering continued dialogue and cooperation, the East Africa region can chart a path towards a more sustainable and resilient future, where climate finance plays a pivotal role in driving positive change. The next EACFDLM will take place in September 2024.

Panel Discussion during the 3rd EACFDLM 2024. Photo Credit @GGGI

Delegates visit to Nyandungu Eco-Park, Kigali, Rwanda on 21st Feb 2024. Photo Credit @GGGI