Consortium partners WWF and SNV officially launch the Dutch Fund for Climate and Development (DFCD) in Zambia | WWF Zambia

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Consortium partners WWF and SNV officially launch the Dutch Fund for Climate and Development (DFCD) in Zambia

The World Wide Fund for Nature (WWF) and the Netherlands Development Organisation SNV successfully launched the Dutch Fund for Climate and Development (DFCD) in Zambia, at the Intercontinental Hotel, Lusaka.

The event themed Addressing Climate Risks to Business and Development was hosted under the patronage of Honorable Minister of Finance Bwalya Ngandu, and recognises that climate change is one of the biggest challenges threatening the survival and sustainability of communities, businesses, and governments around the world, and the need to create platforms that will enable unusual but catalytic partnerships to manage and be proactive to climate change impacts on people and the economy.

Impacts of climate change and rapid nature loss are evident around the globe and has hit developing countries like Zambia the most.  President Edgar Lungu’s September State of the Nation Address underscored the need for effective responses to mitigate climate risks on the economy and the population.  Speaking during the official opening launch of the DFCD,  Minister of Finance, PS Mrs Joyce Phiri Sundamo speaking on behalf of the  Hon. Bwalya Ngandu emphasized the role the DFCD  and other similar funds play in developing and ensuring sustainability in the Zambian and global economies;

In view of the real-time effects on the entire economy,  business entities, and communities, this initiative is very timely... The fund we are launching today, the Dutch Fund for Climate and Development - provides an excellent opportunity for the country to embark on an informed science-based process in supporting the developments of bankable solutions to nature and business sustainability for companies and industries affected by nature loss and climate change”, said Mrs Sundamo

Commenting on the impacts of climate change and the importance of the DFCD project in tackling this issue headlong, Ms. Nachilala Nkombo, WWF Zambia Country Director said:

Climate change affects everyone and the urgency of the climate crisis has led to an increase in global flows of climate-related investment in recent years. As such, at WWF we feel it is very important that we take this issue seriously and tackle issues collectively in a very practical way, and for us this means innovative partnership with the private sector and influencing investment flows into bankable projects that respond to the climate challenges in our context. Therefore, it is very important that we ensure the success of the DFCD as a country to deal with problems in agriculture and  energy sectors".

The DFCD project is a result of the Dutch Government working with the Dutch development bank FMO, SNV Netherlands Development Organisation (SNV), the Worldwide Fund for Nature (WWF) and Climate Fund Managers (CFM) and committing to addressing the need to cope with climate change by making available 160 million Euros in a catalytic fund that will work with the private sector to catalyze over 500 million euros in additional funding for sustainable and bankable projects across the world.

Speaking at the official launch of the DFCD, WWF Netherlands Bankable Projects Lead Keiron Brand said:

DFCD will not only support both mitigation and adaptation, the Fund will also improve the wellbeing, economic prospects and livelihoods of vulnerable groups – particularly women and children – across the targeted developing countries".

Zambia’s quest to become a prosperous middle-income country by 2030 largely depends on climate change sensitive sectors such as Agriculture, Tourism, and Energy hence the urgent need for a business unusual approach, one that is about creating strong collaboration between sectors and also ensures the sustainable harvesting of natural resources, in a non-exploitative manner which allows for the nature to replenish itself.

Reiterating the importance of preventing the effects of climate change for the success of businesses and economy, Zambian Breweries Chief Executive Officer and Country Director, Jose Morano said:
There is need for collaboration between the government, private sector and communities in order to address climate change and prevent the effects it has on our businesses and economy. Zambian Breweries is committed to helping preserve our rivers and freshwater resources, in particular, the Kafue’ as it is important for our operations and the prosperity of Zambia".

The Kafue Flats in Zambia is one of the three selected DFCD pilot landscapes in the world. The Kafue Flats is considered to be the economic engine of the country, accounting for 50% of Zambia’s hydroelectricity; 90% of sugar production; grazing for 20% of the national cattle herd; 30% of national tourism; the livelihoods for 900,000 people including smallholder farmers and fishing communities; and is home to hundreds of  precious endemic and endangered species that underpin our tourism.