To bolster both public and private investment into green policy implementation, the Government of the Republic of Zambia (GRZ) is strengthening its fiscal policy and public finance management by enhancing domestic resource mobilisation, increasing efficiency of public expenditure, avoiding the accumulation of arrears, and improving fiscal transparency. This SIG seeks to work with Zambian stakeholders to identify and leverage economic opportunities associated with Zambia’s green growth agenda.
Outputs:
- Report: Mobilising investment for climate-compatible growth through Zambia’s Constituency Development Fund (CDF)
- Engagement: Workshop entitled “Mobilising investment for climate-compatible growth through Zambia’s CDF”
Current Activities: Led by The Copperbelt University, an ongoing CCG Flexible Research Fund (FRF) project aims to develop a PyPSA model of the Zambia energy system that will inform analysis of the resulting potential economic opportunities. These can then inform implementation plans for the Green Growth Strategy, bridging dialogue between the energy and finance sectors.
Similarly, a second FRF project, led by UNZA will build a computable general equilibrium (CGE) green growth model for Zambia to calibrate energy transitions, strategies and policies and assess their impacts on macroeconomic aggregates. This project will output accompanying policy recommendations on Green Growth Strategy Implementation.
The third FRF research project is developing a report on the potential benefits of increased private sector investment in climate-compatible projects in Zambia and what trade-offs might arise from such investments.
Finally, an ongoing research project focussing on Zambia’s CDF as a mechanism to promote investment into low-emission development projects will deliver a second report, outlining specific modalities for external funding for CDF projects.
SIG Members:
University of Oxford; Zambia Institute for Policy Analysis and Research (ZIPAR); University of Zambia (UNZA); University of Edinburgh; Southern African Institute for Policy and Research; The Copperbelt University (CBU); TU Offenburg; Lloyds Financials Ltd, Lusaka City Council; Kukula Capital