Ministry of Finance and Economic Development has hailed Capacity Building programs held last week in Darwendale ZIPAM by Climate Change Department in partnership with United Nations Development Programme (UNDP).
In a presentation Gilbert Dzvuke Deputy Director of Financial and Capital Markets in the Ministry of Finance and Economic Development, the Capacity Building Workshop is an initiative which seeks support towards implementation Nationally Determined Contributions (NDCs) in ratifying the Paris Agreement on Climate Change.
“The project seeks to enable the country to meet its Nationally Determined Contributions target through the Low Emission Development Strategy and the Measuring , Reporting and Verification Framework as espoused by the Paris Agreement on Climate Change.”
He reiterated that Ministry of Finance has a role to play in making sure that requirements of climate change are reflected in the budget priorities relevant for the NDCs implementation.
“Ministry of Finance ensures that climate change requirements are reflected in budget priorities, pricing polices, financial market rules and this shows that climate change funding is central to the successful implementation of Zimbabwe Climate Policy.”
Apart from this the Government supports international statutes in responding to the latest requirements of Climate Change. The government has also put inplace Transitional Stabilization Programme which incorporates climate change programmes.
“United Nations system through the Framework Convention on Climate Change (UNFCCC) is spearheading the international response to the climate change challenge which requires international action and contributions from every country.”
“Furthermore , the Transitional Stabilization Programme recognizes the devastating effects of climate change and targets taking urgent action to combat climate change and its impacts consistent with Sustainable Development Goals.”