The Zambian government, in conjunction with the World Bank, has launcher a $63.9 million programme aimed at boosting climate action in the country’s Eastern Province.
Known as the “Eastern Province Jurisdictional Sustainable Landscape Programme,” the programme is looking at improving livelihoods and reducing emissions from forestry and land use sectors, according to Green Economy and Environment Minister, Mike Mposha.
Mposha who launched the programme in Lusaka on Wednesday at the Mulungushi International Conference Centre, said it was a follow-up to the Zambia Integrated Forest Landscape Project which was concluded on February 29, 2024.
Mposha noted that the programme introduced results-oriented climate financing, focusing on carbon trading, benefit sharing and climate change mitigation in Eastern Province.
Giving a break down on how the funds would be expended, the minister said:
“Of the total funding, $50 million will be allocated to purchasing verified emission reductions, while $13.9 million will support investments in sustainable forest management, climate-smart agriculture, and wildlife management in the province,” Mposha said.
He added that the verified emission reductions would be traded as certified carbon credits through the biocarbon fund initiative for sustainable forest landscapes and other international carbon buyers, while the generated monetary benefits would be transparently distributed to local communities to encourage better management of natural resources.
The programme will run from 2024 to 2030 and is expected to generate 29 million tons of carbon dioxide equivalent in verified emission reductions.
He noted that the carbon credits will be traded on international markets, with revenue distributed among rural communities in all 57 chiefdoms, private carbon developers, and government institutions in Eastern Province.
The revenue distribution would follow a benefit-sharing plan: 15 percent to the government, 30 percent to private carbon project developers, and 55 percent to communities.
World Bank Country Manager, Dr Achim Fock, who also attended the launching, stated that the programme would scale up sustainable agriculture and forest activities, improving agricultural yields, incomes and community resilience against climate change impacts.
He also noted its potential to reduce greenhouse gas emissions while delivering co-benefits such as biodiversity conservation.