Project description

The Namibia Country Climate Fund project, supported by the World Bank, aims to operationalize carbon markets in Namibia by developing a comprehensive policy framework and funding strategy. In partnership with the UNDP and the Ministry of Environment, Forestry, and Tourism (MEFT), the project explores sustainable financing mechanisms for carbon market participation, including the establishment of a national climate fund within Namibia's Environmental Investment Fund (EIF). Key tasks include outlining administrative costs, evaluating international models for cost management, determining appropriate transaction fees, and recommending next steps to ensure alignment with Namibia’s broader carbon market strategy. The project focuses on creating a transparent and effective system to support Namibia's engagement in global carbon markets.