Malawi needs K47.7 trillion to reduce emissions
Malawi needs $46.5 billion (about K47.7 trillion) to implement its reviewed Nationally Determined Contribution (NDC) which is aimed at reducing the country’s contributions to global emissions by 2040.
Speaking at the launch of 2021 NDC in Lilongwe, Ministry of Natural and Climate said if the plan is fully implemented using both local and development support, the country will be able to reduce its emissions by 50 percent.
Malawi is a party to Paris Agreement which aims to limit global temperature increase to less than two degrees.
Minister of Natural Resources Eisenhower Mkaka said climate change has negatively impacted all social and economic sectors, hence the need for collaborative efforts and participation.
Mkaka said climate change would also make the country’s pathway to more resilient and wealth creation more difficult and costly.
“We must admit that climate change is a serious challenge and if we use the business-as-usual approach in dealing with these matters then we are doomed. Our aspirations in terms of development will be highly affected,” he said.
Japan has so far supported the country through United Nations Development Program (UNDP) with $3.8 million towards implementation of various climate change activities.
United Nations Resident Representative Shigeki Komatsubara said they are committed to assisting the country by sourcing more resources for implementation of various projects.
“We want to find extra support, extra resources; that’s why the government of Japan came in. That will go to the communities to help introduce new ways of generating electricity and help people to come up with practical interventions so that together we can make tangible difference on the ground,” he said
Up to 135 anti-climate change measures have been identified, with mitigation priority measures requiring $41.8 billion and $4.5 billion for adaptation measures.
The implementation of the NDC would also create 216,000 green jobs through various activities, according to experts.