CHOGM: Rwanda’s Prime Minister Calls for Innovation in Climate Finance, Carbon Market
Rwanda’s Prime Minister, Edouard Ngirente, has reminded Commonwealth governments and business leaders, gathered at the CHOGM high-level side event on climate change, of the need for innovative ways to access climate financing and the carbon market to achieve our goals.
“There is a lot the Commonwealth Member States can do together to achieve the goals of the Paris Agreement. Many Commonwealth members, particularly developing states, are especially vulnerable to a warming world. The larger economies are major emitters, and have much work ahead to reduce emissions,” he said.
He said that this puts the Commonwealth in a unique position to work together and deliver a common future that is clean, green, and climate-resilient.
Ngirente noted that emissions will continue to rise and “it is clear that we have to do more.”
He noted that in Rwanda, the average temperature has already increased by almost 1.5 degrees Celsius – the upper limit scientists keep reminding us of.
“The resulting extreme weather events including floods and landslides, are taking hundreds of lives every year. The economic costs are rising quickly. This is why Rwanda has put the environment and climate change at the heart of our Vision 2050. We are working to be carbon-neutral, by the middle of the century,” he said.
According to the Prime Minister, achieving these goals requires significant investment.
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