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Green Investments in Namibia Benedict Libanda Chief Executive Officer Environmental Investment Fund of Namibia Slide 2 A look at the legislative frameworks that enable green financing in Namibia Overview of Government approach to green financing and investment Overview of Private sector approach to green financing and investment Overview of associations hosting member organizations/companies in the green sector Content ENABLING ENVIRONMENT GOVERNMENT POLICY FRAMEWORK FOR GREEN INVESTMENT GOVERNMENT POLICY FRAMEWORK FOR GREEN INVESTMENT BIA PRIVATE SECTOR INVESTMENT IN NAMIBIA INDUSTRY ASSOCIATIONS Slide 3 Enabling Environment The Namibian Constitution (Article 95) Vision 2030 (Chapter 5: sustainable Resource Base) Environmental Investment Act, 2001 Slide 4 Government policy framework for green investments Slide 5 Green Financing Area Total Loan Book in 2012 N$1.9 billion = USD 232 million Government policy framework for green investment Livestock Loans Farmland Purchase Loans Bush Encroachment Loans Aquaculture Loans Solar Energy Loans Investment Agricultural Bank of Namibia (AgriBank) Slide 6 Green Financing Area Producer Return in 2012 N$ 59.2 million = USD 6.4 million Government policy framework for green investment Established and regulated under the Act of Parliament (Act 1 of 2001) with the purpose to serve, promote and co-ordinate the interests of livestock producers in Namibia. Returns Meat Corporation of Namibia (Meatco) Slide 7 Green Financing Area Total Investment N$ 310 million=USD 33.7 million Government policy framework for green investment Established through Acts of Parliament with the mandate to collect funds from the sale of game products and environmental levies collection respectively; to finance Biodiversity Conservation and green based enterprises Investment Game Products Trust Fund & Environmental Investment Fund of Namibia Slide 8 Private sector investment in Namibia Slide 9 Green Financing Area Net Turnover in 2013 N$ 1.2 billion = USD 130 million Private sector investment in Namibia A private sector cooperative organisation that facilitate access to livestock and crop markets as well as creating linkages to international exports Return Agra Namibia Slide 10 Green Financing Area Investment N$ 15 million =USD 1.63 million Private sector investment in Namibia Established by Nedbank Namibia to enhance conservation and the protection of important habitats and natural resources in Namibia. Investment NedBank Go Green Fund Slide 11 Green Financing Area Net turnover N$ 59 million =USD 6.4 million Private sector investment in Namibia Provides subsidised loans for acquiring a variety of renewable energy technologies, for lighting, pumping water and powering a range of household appliances, including solar water heaters Return Kongalend Namibia Slide 12 Industry Associations Represent and promote the recycling industry Develop best practices for the industry Namibia Recycling Association Promote sustainable building designs Encourage resource efficiency Namibia Green Building Council Promote organic agricultural development, networking and marketing. Promote Namibian organic products locally and internationally Namibia Organic Association Slide 13 InstitutionsInvestments N$ Returns N$ Notes Agricultural Bank of Namibia 1,9000,0002012 loan book Meat Company of Namibia59,200,0002012 income Game Product Trust Fund250,000,000Accumulative Environmental Investment Fund of Namibia 63,000,000Accumulative Kongalend Namibia59,000,0002011-12 loan book Nedbank Go Green Fund15,000,000Accumulative Agra Namibia1,400,000.002012 income TOTAL1.979,000,0001,674,000.000 Green Investments Slide 14 Green financing is a relatively new market and requires understanding of risks and appropriate risk adjustment measure Insurance products are critically important due to their impact in creating incentives for the development of greener business practices. Develop understanding of green business and reduce policy inconsistencies that create uncertainty in the market place. The Green Finance sector offers significant job potential but is critically dependent on regulatory clarity Conclusion Slide 15 info@eifnamibia.com 2 nd Floor Capital Centre, Independence Avenue, Windhoek Namibia www.eifnamibia.com More Information?