Rwanda has become the first African country to submit a new national climate plan, whose implementation requires $11 billion (10.2 trillion), as an essential tool to implement the Paris Agreement.
According to the submitted new climate plan to fight climate change through 2030, the total estimated cost for mitigation measures is estimated at around $5.7 billion, and over $5.3 billion for adaptation priorities, representing a combined funding requirement of around $11 billion.
Rwanda intends to meet its conditional contribution through the use of climate finance and international market mechanisms where appropriate, building upon the experience of the Clean Development Mechanism (CDM) and other existing market mechanisms," says the report.
The Agreement is a comprehensive framework for action on climate change, guiding the steps all nations will take to reduce their contribution to global warming.
If no substantive action is taken to mitigate global climate change, it is predicted that the average temperature in Rwanda will rise by 2.5°C by the middle of the century.