Maputo, Oct. 7, 2026 (Lusa) - Mozambique aims to create a portfolio of fundable climate projects to bring together project developers, the Government, banks, climate funds and investors, in order to meet the investment needs arising from climate change, the Minister for Planning and Development announced on Wednesday.
«This conference should contribute to the creation of a national portfolio of fundable climate projects, capable of bringing together project developers, the government, banks, climate funds and investors,» said Minister Salim Valá during the opening of the second National Climate Finance Conference, which runs until Thursday in Maputo.
According to the minister, public funds and traditional development aid remain important, but will not be sufficient to meet the investment needs associated with climate change.
«We must therefore broaden the range of instruments and turn to innovative financing: blended finance, guarantees and risk-sharing mechanisms, climate insurance, sustainable bonds, carbon markets and debt-for-climate or nature swaps, capable of mobilising private capital,» he stated.
Mozambique is considered one of the countries most vulnerable to the effects of climate change, regularly experiencing floods, tropical cyclones and other extreme weather events during the rainy season.
According to data from the National Institute for Disaster Risk Management and Reduction (INGD), the last rainy season, from October to April, claimed 311 lives and affected around 1.07 million people in different regions of the country.
In his speech today, Valá highlighted the impacts of climate change on fiscal costs, food security, loss of assets, disruption to services and reduced production, calling for investment in resilient technologies, clean energy and green infrastructure.
He also called on the financial sector to put forward concrete solutions and commitments to increase climate finance in Mozambique.
«Mozambique needs to improve its ability to access international climate funds, and we recognise that access to these resources requires institutional capacity, high-quality projects, strong national bodies and efficient coordination mechanisms,» he said.
According to the minister, multilateral development banks mobilised a record $163 billion (€143.2 billion) for climate finance in 2025, of which $103 billion (€90.5 billion) was channelled to low- and middle-income economies.
Of this amount, around $68 billion (€59.75 billion) was allocated to mitigation and $35 billion (€30.75 billion) to adaptation.
Belgium's ambassador to Mozambique, Delphine Perremans, highlighted her country's support for the development of innovative climate finance mechanisms, including debt-for-nature swaps.
According to the diplomat, €2.4 million have been mobilised for climate adaptation and mitigation measures.
«There has also been encouraging progress in the development of sustainable bonds and the regulation of carbon markets,» she said.
VIYS/AYLS // AYLS
Lusa
