AfricaBreaking NewsClimate Change/ESG

Zambian President Addresses Global Leaders on Carbon Markets at EU-Hosted Event

President Hakainde Hichilema of the Republic of Zambia delivered a notable address at the “Leaders’ Event on Carbon Markets,” an initiative hosted by the European Union. 

Sharing the stage with distinguished global figures, including Her Excellency Ursula von der Leyen, President of the European Union, His Excellency Pedro Sánchez, Prime Minister of Spain, and IMF Managing Director Kristalina Georgieva, the event served as a pivotal platform for discussions on crucial environmental initiatives.

Expressing gratitude for the EU’s initiative, President Hichilema underscored the importance of the Union’s support to Zambia, particularly in building institutional and technical capacities aligned with the Paris initiative on carbon markets. 

He shared Zambia’s commitment to climate action, detailing the implementation of a national climate adaptation policy and the promotion of carbon market development.

President Hichilema highlighted ongoing legislative efforts in Zambia, with a focus on climate change. These efforts aim to incorporate provisions that advance the country’s participation in carbon markets, reflecting a dedication to global environmental sustainability.

Emphasizing the crucial role of rural communities dependent on natural resources, the President stressed that their active engagement in carbon projects depends on clearly defined and demonstrated benefits. 

He asserted that transparent and accessible information is essential for local communities to actively participate in and benefit from carbon markets.

President Hichilema concluded by affirming Zambia’s commitment to ongoing engagements for the betterment of its citizens and the global community. 

The participation of global leaders, including Her Excellency Ngozi Okonjo-Iweala, Director-General of the WTO, and His Excellency Ajay Banga, President of the World Bank, highlighted the collaborative efforts needed to address climate challenges on a global scale.

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