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Interrogating Climate Adaptation Financing in Zimbabwe: Proposed Direction

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  • Innocent Chirisa

    (Department of Demography Settlement and Development, Faculty of Social and Behavioural Sciences, University of Zimbabwe, Harare 263, Zimbabwe
    Department of Urban and Regional Planning, Faculty of Natural and Agricultural Sciences, University of the Free State, Johannesburg 277, South Africa)

  • Trynos Gumbo

    (Sustainable and Smart Cities and Regions Research Group, Department of Urban and Regional Planning, University of Johannesburg, Johannesburg 277, South Africa)

  • Veronica N. Gundu-Jakarasi

    (Infrastructure Development Bank of Zimbabwe (IDBZ), Harare 263, Zimbabwe)

  • Washington Zhakata

    (Ministry of Environment, Climate, Tourism and Hospitality, Government of Zimbabwe, Harare 263, Zimbabwe)

  • Thomas Karakadzai

    (Dialogue on Shelter, Harare 263, Zimbabwe)

  • Romeo Dipura

    (Africa Centres for Cities, University of Cape Town, Cape Town 7701, South Africa)

  • Thembani Moyo

    (Sustainable and Smart Cities and Regions Research Group, Department of Urban and Regional Planning, University of Johannesburg, Johannesburg 277, South Africa)

Abstract

Reducing vulnerability to climate change and enhancing the long-term coping capacities of rural or urban settlements to negative climate change impacts have become urgent issues in developing countries. Developing countries do not have the means to cope with climate hazards and their economies are highly dependent on climate-sensitive sectors such as agriculture, water, and coastal zones. Like most countries in Southern Africa, Zimbabwe suffers from climate-induced disasters. Therefore, this study maps critical aspects required for setting up a strong financial foundation for sustainable climate adaptation in Zimbabwe. It discusses the frameworks required for sustainable climate adaptation finance and suggests the direction for success in leveraging global climate financing towards building a low-carbon and climate-resilient Zimbabwe. The study involved a document review and analysis and stakeholder consultation methodological approach. The findings revealed that Zimbabwe has been significantly dependent on global finance mechanisms to mitigate the effects of climate change as its domestic finance mechanisms have not been fully explored. Results revealed the importance of partnership models between the state, individuals, civil society organisations, and agencies. Local financing institutions such as the Infrastructure Development Bank of Zimbabwe (IDBZ) have been set up. This operates a Climate Finance Facility (GFF), providing a domestic financial resource base. A climate change bill is also under formulation through government efforts. However, numerous barriers limit the adoption of adaptation practices, services, and technologies at the scale required. The absence of finance increases the vulnerability of local settlements (rural or urban) to extreme weather events leading to loss of life and property and compromised adaptive capacity. Therefore, the study recommends an adaptation financing framework aligned to different sectoral policies that can leverage diverse opportunities such as blended climate financing. The framework must foster synergies for improved impact and implementation of climate change adaptation initiatives for the country.

Suggested Citation

  • Innocent Chirisa & Trynos Gumbo & Veronica N. Gundu-Jakarasi & Washington Zhakata & Thomas Karakadzai & Romeo Dipura & Thembani Moyo, 2021. "Interrogating Climate Adaptation Financing in Zimbabwe: Proposed Direction," Sustainability, MDPI, vol. 13(12), pages 1-20, June.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:12:p:6517-:d:570737
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    References listed on IDEAS

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    1. Emilie Bécault & Moritz Koenig & Axel Marx, 2016. "Getting Ready for Climate Finance: The Case of Rwanda," BeFinD Working Papers 0113, University of Namur, Department of Economics.
    2. Oecd, 2006. "Progress on Adaptation to Climate Change in Developed Countries: An Analysis of Broad Trends," OECD Papers, OECD Publishing, vol. 6(2), pages 1-53.
    3. Antonio Ioris & Carlos Irigaray & Pierre Girard, 2014. "Institutional responses to climate change: opportunities and barriers for adaptation in the Pantanal and the Upper Paraguay River Basin," Climatic Change, Springer, vol. 127(1), pages 139-151, November.
    4. Frank Ackerman, 2009. "Financing the Climate Mitigation and Adaptation Measures in Developing Countries," G-24 Discussion Papers 57, United Nations Conference on Trade and Development.
    5. Klaus Eisenack & Susanne C. Moser & Esther Hoffmann & Richard J. T. Klein & Christoph Oberlack & Anna Pechan & Maja Rotter & Catrien J. A. M. Termeer, 2014. "Explaining and overcoming barriers to climate change adaptation," Nature Climate Change, Nature, vol. 4(10), pages 867-872, October.
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