Rwanda Green Fund approves first investments under Intego - Rwanda's NDC Facility

/ 5 June 2024 / 0 Comments

The Rwanda Green Fund is pleased to announce the approval of its first investments under Intego - Rwanda's NDC Facility. Intego is set to play a pivotal role in implementing Rwanda's Climate Action Plan, also known as Nationally Determined Contributions (NDCs) under the Paris Agreement, further propelling the nation's sustainable development goals. Intego was capitalised with seed funding of EUR 46 million from the German Federal Ministry for Economic Cooperation and Development (BMZ) through KfW.

In February 2023, the Rwanda Green Fund launched Intego along with its first call for proposals, inviting public institutions to submit the proposals for initiatives that will contribute to achieving the country’s ambitious climate action goals.

After an extensive evaluation process, the Rwanda Green Fund Board of Directors has approved ten transformative investments, committing Rwf 43.6 billion from the KfW seed funding. The total co-financing for these investments amounts to Rwf 7 billion.

The investments selected are designed to bolster Rwanda's climate resilience and reduce greenhouse gas emissions, and include interventions across all provinces of the country. The approved investments align with Rwanda's NDC adaptation and mitigation priority areas, and include:

Landscape Restoration and Forestry

The Resilient Nyamagabe: Climate-Smart Initiative was submitted by Nyamagabe District, an erosion-prone district in the Southern Province. This investment will boost community climate resilience through erosion control, increased tree and agroforestry cover, cleaner cooking solutions, and enhanced livelihood opportunities. The value of this investment is Rwf 4,384,241,324.
Akanyaru Sub-Catchment Rehabilitation will restore forests and landscapes across the Akanyaru sub-catchment in Nyaruguru District. It will rehabilitate the catchment through effective erosion control, increased tree and agroforestry cover, riverbank protection, cleaner cooking solutions, and enhanced livelihood opportunities. The value of this investment is Rwf 4,662,740,631.
Empowering Nyamasheke's Vulnerable Communities will enhance the adaptive capacity of communities vulnerable to climate risks in Nyamasheke District. It will rehabilitate the Karundura sub-catchment through increased tree and agroforestry cover, riverbank protection, erosion control, cleaner cooking solutions, and enhanced livelihood opportunities. The value of this investment is Rwf 3,932,371,733.
Nyabahanga Sub-Catchment Rehabilitation will enhance livelihoods by protecting the catchment against erosion, increased tree and agroforestry cover, riverbank protection, promoting fish farming in Lake Kivu, and enhanced livelihood opportunities in Karongi District. The value of this investment is Rwf 4,340,481,886.
Base Catchment: Rehabilitating Landscapes and Building Resilience will restore landscapes and increase the climate resilience of communities in the Base Catchment in Rulindo District through erosion control, increased tree and agroforestry cover, riverbank protection and cleaner cooking solutions. The value of this investment is Rwf 4,442,898,053.
Muvumba Resilience: Community-Led Adaptation Initiative will build community resilience and adaptation through participatory and ecosystem-based catchment restoration. This investment will also contribute to the protection of the Muvumba Multi Purpose dam. This proposal was submitted by the Rwanda Water Resources Board and Nyagatare District. The value of this investment is Rwf 4,558,540,098.

Climate Resilient Infrastructure

Climate Resilient Schools will enhance climate resilience in schools across the country by building retaining walls in schools, providing access to clean water and increasing tree and agroforestry cover. This proposal was submitted by the Ministry of Education and the value of this investment is Rwf 4,925,034,934.

Wetland Rehabilitation & Biodiversity Conservation

The Nyabugogo Wetland Restoration Initiative was submitted by the Rwanda Environment Management Authority (REMA) and will enhance the wetland’s carbon capture and storage capacity, thereby contributing to climate resilience and adaptation efforts. The value of this investment is Rwf 5,000,000,000.

Renewable Energy & Energy Efficiency

Greening TVET Schools will reduce greenhouse gas emissions and improve water access in public technical schools across the Eastern Province by equipping them with solar-assisted multi-fuel cooking stoves and installing rainwater harvesting systems. This proposal was submitted by Rwanda Polytechnic and the Rwanda TVET Board and the value of this investment is Rwf 3,281,724,235.
Greening RNP: Accelerating Low-Carbon Transformation will transform the Rwanda National Police into a green and low carbon energy consumption. This investment will replace biomass energy with solar and LPG in cooking, resulting in a substantial reduction of CO2 emissions annually, and will enable the RNP to restore degraded land in and around police stations. The value of this investment is Rwf 4,095,817,786.

These diverse and innovative investments will have a groundbreaking impact across several fronts and support Rwanda to achieve its ambitious climate action goals.

Agreements for these investments shall be signed in the coming months, marking the official start of on-the-ground implementation.

As a result of the large number and quality of applications submitted for funding from Intego, the facility will offer technical support to promising initiatives until the projects in the pipeline are mature and ready for investment.

About Intego

Intego is the Kinyarwanda word for ambition. With support from the German Government, the Rwanda Green Fund has set up Intego - a new climate focused funding facility for the public sector. Intego will support Rwanda to achieve its ambitious NDC climate action plan by becoming a resilient nation and reducing emissions. Further development partners are invited to join the initiative. Learn more here.

About the Rwandan-German Climate and Development Partnership

Germany and Rwanda established the Climate and Development Partnership in March 2022, for which Germany has made available a total of EUR 202 million to date. The partnership is enabling climate initiatives in the areas of mitigation and adaptation as well as sustainable urban development. The work of the partnership is based on Rwanda's NDC Implementation Framework. Learn more here.

Contact

For more information, please contact intego@greenfund.rw.