Namibia has so far invested 38 million Namibian dollars (3.2 million U.S dollars) in the installation of green scheme projects, enabling more residents to install solar water geysers, solar water pumps and lighting.

Speaking at the hand-over of prizes valued at 350,000 Namibian dollars (29, 000 U.S dollars) to 25 companies and individuals for their role in promoting sustainable development in the capital Windhoek Friday. The tourism minister Pohamba Shifeta said the country is moving towards attaining one of the Vision 2030 goals.
“To maintain and increase productivity under climate change scenarios, Namibia requires further investments and a transformational approach that places Green Economy as a hub for sustained growth,” Shifeta said.
The awards were organised by the Environmental Investment Fund of Namibia (EIF), which works towards promoting a sustainable environment.
A study carried out by the tourism and environment ministry showing that the cost for adapting to climate change for livestock would be about 20 billion Namibian dollars (1.7 billion U.S dollars) in the next 15 years.
The minister further said there should be consensus on establishing sustainable patterns of production and consumption.
“Initiatives aimed at greening the economy in different parts of the world have shown to improve growth of Gross Domestic Product. An important area of action for Namibia is environmental fiscal action,” Shifeta said.
Namibia has proposed an environment levy to fund green projects and Shifeta said he would soon seek Cabinet approval on what to charge as levy. Enditem

Source: Xinhua


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