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Download PDF of New Era Newspaper Article 12 Friday 12 February 2021 NEW ERA Changing the way we use our environment … EIF celebrates 9 years of inclusive, sustainable development AMIBIA gained political independence in 1990 and adopted a national constitutionN that declared natural resource protection and sustainable utilisation thereof a key to development, making it the !rst country in the world to do so. "e Environmental Investment Fund of Namibia (EIF) is a fund created by Act 13 of 2001 of the Parliament of the Republic of Namibia with the overall aim of continuing the great legacy by supporting individuals, projects and communities that ensure the sustainable use of natural resources. "e EIF mission is to promote the sustainable economic development of Namibia through investment in and promotion of activities and projects that protect separately or as sectoral issues. biological diversity and and maintain the natural and Created as a statutory and ecological life-support environmental resources of the independent entity outside the functions. country. public service, the EIF performs In 1992, at the height of rapid functions linked to sustainable During the last nine years, the global industrialisation and economic development, including Environmental Investment Fund its associated natural resource raising local revenue through the of Namibia has proved to be depletion, driven by developed introduction of statutory fees and an important organisation that countries ‘economic quests, His levies, making it more than just a is dynamic and signi!cant to Excellency Dr Sam Nujoma fund for !nancing conservation sustainable development in the presented the Namibia Green activities. country. Plan to the United Nations Its ultimate objective is to Since its inception, the fund Conference on Environment provide sustainable financing continues to innovate and change and Development (UNCED) at to the poorest sectors of society, the way we use environment- the Rio World Summit in Rio enabling them to pursue based resources in Namibia, de Janeiro, Brazil, again the !rst livelihoods from their natural driving energy efficiency and country to do so at the time. resources while reducing the renewable energy growth across It appeared to be a very impact of unsustainable economic the country and supporting strategic gesture from a new practices that degrade Namibia’s a new era for environment- sovereign state, but the history fragile environment and waste its based enterprises, such as waste behind the development of the natural resources. management, nature-based document proved to be more far- adequately in the protection of of the Ministry of Environment "e !rst board of directors was tourism, sustainable agriculture, reaching than initially imagined. its environment. The colonial and Tourism (MET), set about appointed by the then Minister of and unlocking value chains for Upon his return from an almost administration had not created to develop an entity independent Environment and Tourism, Hon. inclusive growth and job creation. three-decade-long exile in 1990, institutions to cater for that. "e of government but which Netumbo Nandi-Ndaitwah, in The fund is driven by the Dr Sam Nujoma had noticed government did not have the would !t into the government’s 2011. In August 2011, the board passion to ensure sustainability the environment debt that was resources required to ful!l all development policies and of directors of the fund appointed in its developmental matrix. "e le# behind by the South African the actions necessary to reach programs. Mr Benedict Libanda as the fund’s past achievements provide colonial regime. In his own words the objectives and commitments In December 2001, a#er a series institution’s !rst CEO. food for thought on how we can at the time, the statesman could made in the Green Plan. of consultative meetings, with a A#er a consultative process, meet the targets in our national barely recognise his homestead. A consultative process was broad range of stakeholders and which laid the foundations for development plans, sustainable “I could barely recognise my started to address the funding gap, partners, including government, the level of autonomy, operations development goals and exceed in homestead, as deforestation had which the state conceded should private sector, academia, non- and initial capitalisation of the the emerging Vision 2030 agenda. taken its toll on the once lush be covered by alternative sources governmental organisations and EIF, the institution was o%cially "e fund leveraged on N$105 village environment”. to complement government’s community-based groups, the launched on 13 February 2012 by million that it received from Widespread environmental resources. Environmental Investment Fund former President of the Republic treasury to successfully mobilise degradation exerted pressure on National and sector-level Act was passed by Parliament of of Namibia, His Excellency Dr more than N$1.2 billion of climate communal areas as well as inland consultation ensued, leading the Republic of Namibia, paving Hi!kepunye Pohamba. change investment in Namibia. and coastal areas, stemming from to the idea of establishing an the way for the creation of the "e overall objectives of the "is amount is a combination close to 100 years of diamond and environmental trust fund, which Environmental Investment Fund EIF are to mobilise funding and of resources accessed through precious metal extraction. would be established by an Act of Namibia (EIF). allocating this income to activities multilateral and Development In 1991, the President of the Parliament of Namibia Constraints and threats such as and projects that promote the Finance Institutions. "e Green commissioned the preparation with the purposes of raising reservations and resistance from sustainable use and efficient Climate Fund has financially of the Namibian Green Plan, funds within Namibia and from certain public sector agencies and management of natural resources supported the fund with an a document that outlined the international sources. "e funds competition from other funds for the bene!t of all Namibians: amount totalling N$560 million country’s main environmental realised would be invested in were negated with the eventual a)Procure funds from in grants for climate change challenges and speci!ed actions lasting instruments yielding consensus among stakeholders international donors for the adaptation interventions in required to address them stable returns that could then that economic development maintenance of an endowment Namibia. and set Namibia on the path be used to finance projects and environmental protection that will generate a permanent I n 2 0 1 8 , t h e F r e n c h of sustainability. It was the and activities for the prudent were integrally linked. With stream of income, and Development Agency invested environmental degradation of management of natural resources agriculture, industrial !shing and b) Procure funds within Namibia N$800 million through the these communal areas and the and environmental protection. mining identi!ed as key natural on an annual basis from Sustainable Utilisation of inland and coastal areas from a The government’s National resource-based industries and conservation fees and levies. Natural Resources and Energy century of mining that prompted Development Plan 1 (NDP1), the transport and manufacturing These funds will be used Financing programme, a three- the President to commission the approved by Cabinet in 1995, sectors gathering pace, sustaining for making investments year initiative dedicated to preparation of the Namibian covered the period between this growth proved the biggest in the protection and promoting a new renewable Green Plan in 1992 (Brown ed. 1996 and 2000 - and made challenge. It was also recognised wise management of the energy !nance programme in 1992). provisions for the development that the issues of poverty, the environment, promoting Namibia. It is estimated that about Two realities emerged during the of an Environmental Investment environment and sustainable sustainable use of natural 238 000 people have bene!ted and development process of the Green Fund as a task. "e Directorate development in Namibia were resources for economic continue to bene!t from di$erent Plan; Namibia had not invested of Environmental A$airs (DEA) related and could not be viewed development, and conserving projects. Friday 12 February 2021 NEW ERA 13 Building capacity through empowerment APACITY building has been the Namibia mobilised over N$1.21 billion of people bene#ting from climate change boreholes for household, livestock, and cornerstone of the fund. !e board from multilateral and development #nance interventions is estimated to be more than 200 wildlife water provision. of directors approved a policy to institutions. As part of the above amount, 000, both direct in indirect bene#ciaries. In The above intervention demonstrates thatC outcome, taking into consideration a credit facility worth N$734.1 million addition, about 950 employment opportunities the changing way we use natural resources institutional and individual capacity aspects. A was established in collaboration with the have been created in the process, bene#ting in Namibia, driving energy e%ciency and total number of nine sta" members have been French Development Agency through the mostly youth and females. During the state renewable energy growth across the country supported through our bursary programme Sustainable Utilisation of Natural Resources of emergency on the accounts of drought
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